UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 1999
Institutional Investment Manager Filing this Report:
Name: Siphron Capital Management
Address: 280 South Beverly Drive, suite 412
Beverly Hills, CA 90212
13F File Number: 28-3316
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person signing
the report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists, and tables, are
considered integral parts of this form.
Person Signing this Report:
Name: David C. Siphron
Title: President / CEO
Phone: 310-858-7281
Signature, Place, and Date of Signing:
David C. Siphron Beverly Hills, California November 15, 1999
Report Type (Check only one) :
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY
THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 28
Form 13F Information Table Value Total: 1028938
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FORM 13F INFORMATION TABLE
NAME OF ISSUER Class Cusip Value Quantity SH/ PUT/ INV OTH VTG
(x$1000) of shares PRN CALL DSCRN MGR AUT
- ------------------- --- --------- ------ ------- --- ---- ----- --- ---
Abbott Laboratories COM 002824100 31,412 856,200 SH N/A SOLE N/A SOLE
American Express COM 025816109 67,567 500,500 SH SOLE SOLE
American Int'l Group COM 026874107 34,216 393,575 SH SOLE SOLE
Bristol-Myers Squibb COM 110122108 28,394 420,650 SH SOLE SOLE
Campbell Soup COM 134429109 13,522 345,615 SH SOLE SOLE
Chase Manhattan Corp. COM 16161A108 33,018 438,044 SH SOLE SOLE
Clorox Co. COM 189054109 32,467 848,800 SH SOLE SOLE
Coca-Cola COM 191216100 41,695 864,150 SH SOLE SOLE
Eastman Kodak COM 277461109 17,961 237,498 SH SOLE SOLE
Electronic Data Sys. COM 285661104 39,200 740,500 SH SOLE SOLE
Gannett Co. COM 364730101 25,648 370,700 SH SOLE SOLE
Gillette COM 375766102 32,668 962,600 SH SOLE SOLE
Hershey Foods COM 427866108 32,251 662,400 SH SOLE SOLE
Hewlett-Packard COM 428236103 33,487 369,000 SH SOLE SOLE
Intel Corp. COM 458140100 53,480 719,664 SH SOLE SOLE
Johnson & Johnson COM 478160104 56,852 618,800 SH SOLE SOLE
Lilly (Eli) COM 532457108 24,448 380,890 SH SOLE SOLE
McDonald's Corp. COM 580135101 59,470 1,375,020 SH SOLE SOLE
Merck & Co. COM 589331107 40,888 630,860 SH SOLE SOLE
Microsoft Corp. COM 594918104 58,322 644,000 SH SOLE SOLE
Minnesota Mining COM 604059105 45,623 474,930 SH SOLE SOLE
N.Y. Times Co. COM 650111107 14,450 385,340 SH SOLE SOLE
NIKE, Inc. 'B' COM 654106103 33,687 592,300 SH SOLE SOLE
Pfizer, Inc. COM 717081103 34,999 975,600 SH SOLE SOLE
Quaker Oats COM 747402105 36,129 583,900 SH SOLE SOLE
Schwab (Charles) COM 808513105 42,263 1,263,950 SH SOLE SOLE
Wells Fargo COM 949746101 35,746 902,100 SH SOLE SOLE
Wrigley (Wm.) Jr. COM 982526105 29,075 422,520 SH SOLE SOLE
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