UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D. C.  20549

                               FORM 10-Q


(X) QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

FOR THE PERIOD ENDED            SEPTEMBER 30, 1995                   

                                   OR

( ) TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE
    SECURITIES EXCHANGE ACT OF 1934


COMMISSION FILE NUMBER       1-5005                                  


                   SELAS CORPORATION OF AMERICA                      
        (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


           PENNSYLVANIA                        23-1069060            

(STATE OR OTHER JURISDICTION OF    (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)

 DRESHER, PENNSYLVANIA                             19025             
 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)        (ZIP CODE)


                           (215) 646-6600                            
            (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)


INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED
TO BE FILED BY SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT
OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE
REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH
FILING REQUIREMENTS FOR THE PAST 90 DAYS.

                                        (X) YES   ( ) NO

INDICATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES OF
COMMON STOCK, AS OF THE LATEST PRACTICABLE DATE.


            CLASS                   OUTSTANDING AT OCTOBER 27, 1995 
COMMON SHARES, $1.00 PAR VALUE      3,460,050 (exclusive of 242,376
                                            treasury shares)


                                   -2-


                     SELAS CORPORATION OF AMERICA


                              I N D E X

                                                             Page
                                                            Number

PART I - FINANCIAL INFORMATION

     Item 1.  Financial Statements

        Consolidated Balance Sheets as of
        September 30, 1995 and December 31, 1994 . . . . .  3, 4

        Consolidated Statements of Operations for the
        Three Months Ended September 30, 1995
        and 1994   . . . . . . . . . . . . . . . . . . . .  5

        Consolidated Statements of Operations for the 
        Nine Months Ended September 30, 1995 and 1994. . .  6

        Consolidated Statements of Cash Flows
        for the Nine Months Ended September 30,
        1995 and 1994  . . . . . . . . . . . . . . . . . .  7

        Consolidated Statement of Shareholders' Equity 
        for the Nine Months Ended September 30, 1995 . . .  8

        Notes to Consolidated Financial Statements   . . .  9, 10, 11


     Item 2.  Management's Discussion and Analysis of
              Financial Condition and Results of
              Operations   . . . . . . . . . . . . . . . .  12, 13, 14




PART II - OTHER INFORMATION


     Item 6.  Exhibits and Reports on Form 8-K   . . . . .  15



                                     -3-

                        SELAS CORPORATION OF AMERICA

                        Consolidated Balance Sheets
                                  Assets

                                             September 30,     December 31,
                                                1995              1994
                                             (Unaudited)       (Audited) 
Current assets

  Cash, including cash equivalents of
    $1,326,000 in 1995 and $4,497,000
    in 1994  . . . . . . . . . . . . . . . . $ 5,550,217      $ 5,812,508

  Accounts receivable (including unbilled 
    receivables of $2,844,000 in 1995
    and $1,695,000 in 1994, less allowance 
    for doubtful accounts of $551,000 in 
    1995 and $513,000 in 1994) . . . . . . .  20,190,912       21,480,083

  Inventories  . . . . . . . . . . . . . . .   9,289,830        8,210,027

  Deferred income taxes  . . . . . . . . . .   1,551,612        1,414,952

  Other current assets . . . . . . . . . . .   1,172,983        1,189,942

      Total current assets . . . . . . . . .  37,755,554       38,107,512


Investment in unconsolidated affiliates  . .   1,054,705        1,705,080

Property, plant and equipment

  Land . . . . . . . . . . . . . . . . . . .   1,149,746        1,102,963
                                    
  Buildings  . . . . . . . . . . . . . . . .  11,782,153       11,332,798

  Machinery and equipment  . . . . . . . . .  16,693,213       15,162,425

                                              29,625,112       27,598,186

  Less:  Accumulated depreciation  . . . . .  13,028,687       11,291,064 

    Net property, plant and equipment  . . .  16,596,425       16,307,122

Deferred pension cost. . . . . . . . . . . .     337,841          379,178

Notes receivable   . . . . . . . . . . . . .     379,239          376,996

Excess of cost over net assets of acquired
  subsidiary, less accumulated amortization 
  of $725,000 and $476,000 . . . . . . . . .  12,541,278       12,790,019

Other assets including patents, less 
  amortization . . . . . . . . . . . . . . .     415,698          454,416

                                             $69,080,740      $70,120,323
                                             ===========      ===========

     See accompanying notes to the consolidated financial statements.



                                       -4-


                          SELAS CORPORATION OF AMERICA

                          Consolidated Balance Sheets
                     Liabilities and Shareholders' Equity

                                             September 30,     December 31,
                                                1995              1994
                                             (Unaudited)       (Audited) 

Current liabilities

  Notes payable . . . . . . . . . . . . . .  $ 3,629,061      $      --  
  Current maturities of long-term debt  . .    1,910,126        2,389,664
  Accounts payable  . . . . . . . . . . . .    6,412,987       10,563,966
  Federal, state and foreign income taxes .      412,319          446,624
  Customers' advance payments on contracts       480,679          761,792
  Guarantee obligations and estimated future 
    costs of service  . . . . . . . . . . .    1,270,252        1,156,296
  Other accrued liabilities . . . . . . . .    5,102,686        4,853,978

      Total current liabilities . . . . . .   19,218,110       20,172,320

Long-term debt  . . . . . . . . . . . . . .    9,919,283       11,136,028
Pension plan obligation . . . . . . . . . .      450,463          491,800
Other postretirement benefit obligations  .    4,008,986        3,939,303
Deferred income taxes . . . . . . . . . . .    1,196,328        1,282,959

          
Contingencies and commitments 

Shareholders' equity 

  Common shares, $1 par; 10,000,000 shares
    authorized; 3,702,426 and 3,697,426 
    shares issued, respectively . . . . . .    3,702,426        3,697,426

  Additional paid-in capital  . . . . . . .   13,512,005       13,484,640
  Retained earnings . . . . . . . . . . . .   15,771,525       14,886,035
  Foreign currency translation adjustment      1,796,174        1,524,372
  Minimum pension liability adjustment          (112,623)        (112,623)

  Less:  242,376 common shares held in
    treasury, at cost . . . . . . . . . . .     (381,937)        (381,937)

      Total shareholders' equity  . . . . .   34,287,570       33,097,913

                                             $69,080,740      $70,120,323
                                             ===========      ===========




        See accompanying notes to the consolidated financial statements.




                                     -5-

                        SELAS CORPORATION OF AMERICA

                   Consolidated Statements of Operations
                                 (Unaudited)



                                             Three Months Ended      
                                        September 30,    September 30,
                                            1995             1994    

Sales, net                              $15,713,794      $15,490,043

Operating costs and expenses
  Cost of sales                          11,360,221       10,454,437
  Selling, general and
    administrative expenses               3,400,626        3,706,519

Operating income                            952,947        1,329,087

Interest (expense)                         (353,835)        (335,269)
Interest income                             101,282           90,978
Other income (expense), net                  23,356           10,973  

Income before income taxes                  723,750        1,095,769

Income taxes                                350,132          508,014 

Net income                              $   373,618      $   587,755 
                                        ===========      ===========

Earnings per common and 
  common equivalent share                      $.11             $.17 
                                        ===========      ===========


Weighted average common and common
  equivalent shares outstanding           3,460,000        3,455,000

  









    See accompanying notes to the consolidated financial statements.





                                    -6-


                      SELAS CORPORATION OF AMERICA

                 Consolidated Statements of Operations
                               (Unaudited)


                                               Nine Months Ended     
                                        September 30,    September 30,
                                            1995             1994    

Sales, net                              $54,159,475      $55,890,361

Operating costs and expenses
  Cost of sales                          39,673,818       39,767,896
  Selling, general and
    administrative expenses              10,996,288       10,887,874

Operating income                          3,489,369        5,234,591 

Interest (expense)                         (975,208)        (977,749)
Interest income                             254,450          206,217
Other income (expense), net                 (38,264)         (67,350) 

Income before income taxes                2,730,347        4,395,709

Income taxes                              1,256,649        1,822,005 

Net income                              $ 1,473,698      $ 2,573,704
                                        ===========      ===========




Earnings per common and 
  common equivalent share                      $.43             $.75 
                                        ===========      ===========


Weighted average common and common

  equivalent shares outstanding           3,459,000        3,453,000










    See accompanying notes to the consolidated financial statements.




                                     -7-

                        SELAS CORPORATION OF AMERICA
                   Consolidated Statements of Cash Flows
                                 (Unaudited)
                                                        Nine Months Ended    
                                                  September 30, September 30,
                                                      1995          1994    
Cash flows from operating activities:
  Net income . . . . . . . . . . . . . . . . .    $ 1,473,698   $ 2,573,704 
  Adjustments to reconcile net income to net 
    cash provided (used) by operating activities:
      Depreciation and amortization  . . . . .      2,055,713     1,999,090
      Equity in (income) of unconsolidated
        affiliate  . . . . . . . . . . . . . .        (15,638)      (33,414)
      (Gain) on sale of equity in unconsoli-    
        dated affiliate  . . . . . . . . . . .       (148,767)         --
      (Gain) loss on sale of property and 
        equipment  . . . . . . . . . . . . . .         (7,789)        9,139 
      Deferred taxes . . . . . . . . . . . . .       (205,405)     (181,117)
      Changes in operating assets and liabilities:
         Decrease in accounts receivable   . .      3,292,491     3,402,607
        (Increase) in inventories  . . . . . .     (1,100,264)     (762,644)
        (Increase) decrease in other assets  .         61,190    (1,289,680)
        (Decrease) in accounts payable . . . .     (5,573,321)   (1,925,234)
         Increase in accrued expenses  . . . .        243,171     1,595,971 
         Increase (decrease) in customer advances    (305,778)     321,651
         Increase in other liabilities   . . .         34,347        44,601 
             Net cash provided (used) by operating
             activities  . . . . . . . . . . .       (196,352)    5,754,674

Cash flows from investing activities:
  Purchases of property, plant and equipment .     (1,597,046)   (1,482,633)
  Proceeds from sale of property, plant and 
    equipment    . . . . . . . . . . . . . . .         46,024        24,498
  Investment in subsidiary . . . . . . . . . .           --         (16,601)
  Proceeds from sale of equity in unconsolidated
    affiliate  . . . . . . . . . . . . . . . .        270,666          -- 
  Receipt of dividend from unconsolidated affiliate      --          34,538
  Loan made to unconsolidated affiliate  . . .           --        (288,064)
            Net cash provided (used) by 
            investing activities   . . . . . .     (1,280,356)   (1,728,262)

Cash flows from financing activities:
  Proceeds from short-term bank borrowings . .      3,558,894          -- 
  Repayments of short-term bank borrowings . .           --      (3,297,501)
  Proceeds from long-term debt . . . . . . . .           --       1,100,000 
  Repayments of long-term debt . . . . . . . .     (1,922,618)   (1,402,340)
  Proceeds from exercise of stock options  . .         28,281       124,437
  Payment of dividends . . . . . . . . . . . .       (588,209)     (518,057)

             Net cash provided (used) by financing 
             activities  . . . . . . . . . . .      1,076,348    (3,993,461)

Effect of exchange rate changes on cash  . . .        138,069       155,680 
Net increase (decrease) in cash and cash 
  equivalents    . . . . . . . . . . . . . . .       (262,291)      188,631
Cash and cash equivalents, beginning of period      5,812,508     7,147,358

Cash and cash equivalents, end of period  . .     $ 5,550,217   $ 7,335,989
                                                  ===========   ===========
        See accompanying notes to the consolidated financial statements.


                                       -8-

                          SELAS CORPORATION OF AMERICA

                   Consolidated Statement of Shareholders' Equity
                      Nine Months Ended September 30, 1995      
                                   (Unaudited)

                                  Common Stock               Additional
                             Number of                        Paid-In
                              Shares          Amount          Capital   

Balance, January 1, 1995     3,697,426      $3,697,426      $13,484,640
Net income
Exercise of 5,000 stock
  options                        5,000           5,000           27,365
Cash dividends paid
  ($.06 per share for the
   third quarter, $.055
   per share for each of
   the first two quarters)
Translation gain                                                       

Balance, September 30, 1995  3,702,426      $3,702,426      $13,512,005
                             =========      ==========      ===========
                                              Foreign        Minimum
                                              Currency       Pension
                               Retained     Translation     Liability 
                               Earnings      Adjustment     Adjustment

Balance, January 1, 1995     $14,886,035    $ 1,524,372     $(112,623) 
Net income                     1,473,698
Exercise of 5,000 stock
  options  
Cash dividends paid
  ($.06 per share for the
   third quarter, $.055 
   per share for each of the
   first two quarters)          (588,208)                            
Translation gain                               271,802                

Balance, September 30, 1995  $15,771,525    $1,796,174      $(112,623)
                             ===========    ==========      =========
                                               Total
                             Treasury       Shareholders'
                              Stock            Equity  

Balance, January 1, 1995     $(381,937)     $33,097,913
Net income                                    1,473,698
Exercise of 5,000 stock
  options                                        32,365
Cash dividends paid
  ($.06 per share for the

   third quarter, $.055 per 
   share for each of the 
   first two quarters)                         (588,208)
Translation gain                                271,802 

Balance, September 30, 1995  $(381,937)     $34,287,570
                             =========      ===========

     (See accompanying notes to the consolidated financial statements)


                                       -9-

                          SELAS CORPORATION OF AMERICA

                         PART I - FINANCIAL INFORMATION


ITEM 1.  Notes to Consolidated Financial Statements (Unaudited)

1.    In the opinion of management, the accompanying consolidated condensed
      financial statements contain all adjustments (consisting of normal
      recurring adjustments) necessary to present fairly Selas Corporation of
      America's consolidated financial position as of September 30, 1995 and
      December 31, 1994, and the consolidated results of its operations for the
      three and nine months ended September 30, 1995 and 1994 and consolidated
      statements of shareholders' equity and cash flows for the nine months then
      ended.

2.    The accounting policies followed by the Company are set forth in note 1 to
      the Company's financial statements in the 1994 Selas Corporation of
      America Annual Report.

3.    Inventories consist of the following:

                                      September 30,   December 31,
                                          1995            1994    

       Raw material                   $2,619,488      $2,281,342
       Work-in-process                 2,597,804       2,200,579
       Finished products and
         components                    4,072,538       3,728,106

                     Total            $9,289,830      $8,210,027
                                      ==========      ==========
4.    Income Taxes

      Consolidated income taxes for the nine month periods ended September 30,
      1995 and 1994 are $1,256,000 and $1,822,000 which result in effective tax
      rates of 46.0% and 41.4%, respectively.  The rate of tax in relation to
      pre-tax income in 1995 has been impacted by the settlement of a tax issue
      at one of the Company's European subsidiaries in the amount of
      approximately $139,000.

5.    Legal Proceedings

      The Company is a defendant along with a number of other parties in
      approximately 210 lawsuits as of December 31, 1994 (650 as of December 31,
      1993) alleging that plaintiffs have or may have contracted asbestos-
      related diseases as a result of exposure to asbestos products or equipment
      containing asbestos sold by one or more named defendants.  Due to the non-
      informative nature of the complaints, the Company does not know whether
      any of the complaints state valid claims against the Company.  The Company
      is also one of approximately 500 defendants in a class action on behalf of
      approximately 2700 present or former employees of a Texas steel mill
      alleging that products supplied by the defendants created a poisoned

      atmosphere that caused




                               -10-

                   SELAS CORPORATION OF AMERICA

                  PART I - FINANCIAL INFORMATION

ITEM 1.  Notes to Consolidated Financial Statements (Continued)

5.    Legal Proceedings (Continued)

      unspecified physical harm.  These cases are being defended by one or more
      of the Company's insurance carriers presently known to be "at risk". 
      Through October 1993, the legal costs of defense of the asbestos and steel
      mill cases were shared among the insurance carriers (92%) and the Company
      (8%).  The lead insurance carrier settled a number of the cases in 1993
      and requested that the Company pay a portion of the settlement amount. 
      The Company declined to do so because no such payment is required by the
      express terms of the policies.  The lead carrier then purported in October
      1993 to abrogate the arrangement under which the defense  costs had been
      shared, and the Company responded by tendering all of the cases to the
      lead carrier and demanding that the lead carrier honor its obligations
      under its policies to pay 100% of the cost of defense and 100% of all
      settlements and judgments up to the policy limits.  The lead carrier
      settled approximately 450 claims in 1994 with no request for the Company
      to participate in any settlement and has not requested that the Company
      participate in any settlement for 1995.  Management is of the opinion that
      the disposition of these lawsuits will not materially affect the Company's
      consolidated financial position or results of operation.

      The Company is also involved in other lawsuits arising in the normal
      course of business.  While it is not possible to predict with certainty
      the outcome of these matters, management is of the opinion that the
      disposition of these lawsuits will not materially affect the Company's
      consolidated financial position or results of operation.

6.    Statements of Cash Flows

      Supplemental disclosures of cash flow information.

                                         Nine Months Ended        
                                   September 30,     September 30,
                                      1995              1994      

      Interest received . . . . . $  189,795         $  184,143
      Interest paid . . . . . . . $  867,657         $1,033,925
      Income taxes paid . . . . . $1,729,179         $1,383,516

7.    Accounts Receivable

      At September 30, 1995, the Company had $1,387,408 of trade accounts
      receivable due from the major U.S. automotive manufacturers and $2,662,135
      of trade accounts receivable due from hearing aid manufacturers.  The
      Company also had $7,027,354 in receivables from long-term contracts for
      customers in the steel industry in North America, Europe and Asia.





                                 -11-

                    SELAS CORPORATION OF AMERICA

                   PART I - FINANCIAL INFORMATION


ITEM 1.  Notes to Consolidated Financial Statements (Continued)


8.    Earnings Per Common and Common Equivalent Share

      Earnings per common and common equivalent share are computed based on the
      weighted average number of shares outstanding each quarter, giving effect
      to the exercise of outstanding stock options, where dilutive.




                                  -12-


                     SELAS CORPORATION OF AMERICA

                    PART I - FINANCIAL INFORMATION


ITEM 2:  Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                 

Consolidated net sales for the three months ended September 30, 1995 increased
to $15.7 million and decreased to $54.2 million for the nine months ended
September 30, 1995 compared to $15.5 million and $55.9 million for the three and
nine months ended September 30, 1994.  Net sales for the Company's heat
processing segment were $6.7 million and $24.9 million for the three and nine
months ended September 30, 1995 compared to $6.0 million and $26.8 million for
the same periods in 1994.  The increase in sales in this business segment for
the third quarter of 1995 is due to an increase in revenues from engineered
contracts.  The decrease in sales for the nine months was caused by a lack of
engineered contracts at the beginning of 1995.  Sales and earnings of large
engineered systems contracts are recognized on the percentage-of-completion
method.  Such contracts generally require more than twelve months to complete. 
Consolidated backlog for this business segment is $30.4 million at September 30,
1995 compared to $19.4 million at September 30, 1994.  Net sales for the
precision electromechanical and plastics component segment increased to $6.3
million and $18.5 million for the three and nine months ended September 30, 1995
compared to $5.5 million and $16.8 million for the same periods in 1994.  The
improved sales are due to higher sales to the hearing aid industry.  Net sales
for the tire holders, lifts and related products segment decreased to $2.7
million and $10.7 million for the three and nine months ended September 30, 1995
compared to $4.1 million and $12.3 million for the same periods in 1994.  Lower
sales for the three and nine month periods were due to the loss of the contract
to provide tire lifts for the Chrysler mini-van line.

The Company's consolidated gross profit margin as a percentage of sales
decreased to 27.7% and 26.7% for the three and nine month periods ended
September 30, 1995 compared to 32.5% and 28.8% for the same periods in 1994. 
The Company's heat processing segment's gross profit margins were 27.7% and
24.9% for the three and nine month periods ended September 30, 1995 compared to
31.8% and 27.6% for the same periods in 1994.  The lower gross profit margins
for the segment are due primarily to lower profit margins on one large
engineered steel contract which is near completion and will be completed in the
fourth quarter of this year.  Gross profit margins for the Company's precision
electromechanical and plastic components segment for the three and nine month
periods ended September 30, 1995 were 37.1% and 36% compared to 40.7% and 37%
for the same periods in 1994.  The lower gross profit margins for this segment
are due to a change in the mix of products sold.  The gross profit margins for
the Company's tire holders, lifts and other products segment decreased to 6.5%

and 15.1% for the three and nine months ended September 30, 1995 compared to
21.9% and 20.4% for the same periods in 1994.  The lower gross profit margins
are due to higher labor and material costs which have not been passed on to the
automotive customers through selling price increases, along with a drop in units
produced and sold due to the loss of the Chrysler mini-van contract.





                                  -13-

                     SELAS CORPORATION OF AMERICA

                    PART I - FINANCIAL INFORMATION

ITEM 2:  Management's Discussion and Analysis of Financial Condition
         and Results of Operations (Continued)                     

Selling, general and administrative expenses for the three month and nine month
periods ended September 30, 1995 were $3,400,000 and $10,996,000 compared to
$3,706,000 and $10,888,000 for the same periods in 1994.  The lower costs in the
current quarter are due to cost reductions and the slightly higher costs for the
current nine months of 1% is due to general increases.

Interest income for the three and nine months ended September 30, 1995 increased
to $101,000 and $255,000 compared to $90,000 and $206,000 for the same periods
in 1994.  The increase in interest is due in part to higher investments and
higher rates on the investments.  Interest expense for the three and nine month
periods ended September 30, 1995 was $353,000 and $975,000 compared to $335,000
and $978,000 for the same period in 1994.  The small increase in interest
expense for the quarter is due to additional short-term borrowings in the
current quarter.

Other income (expense) includes a foreign currency gain of $10,000 for the three
months ended September 30, 1995 and a loss of $129,000 for the nine months ended
September 30, 1995 compared to a loss of $8,000 and a gain of $2,000 for the
same periods in 1994.

Consolidated income taxes for the nine month periods ended September 30, 1995
and 1994 are $1,256,000 and $1,822,000 which result in effective tax rates of
46.0% and 41.4%, respectively.  The rate of tax in relation to pre-tax income in
1995 has been impacted by the settlement of a tax issue at one of the Company's
European subsidiaries in the amount of approximately $139,000.

Liquidity and Capital Resources

Consolidated net working capital increased to $18.5 million at September 30,
1995 from $17.9 million as of December 31, 1994.  The increase is primarily due
to net income of $1.5 million for the nine months ended September 30, 1995,
partially offset by payments of dividends and long-term borrowings.  The largest
changes in the components of working capital is increased inventory of $1.1
million, reduction of current liabilities of $1 million and lower accounts
receivable of $1.3 million.

The Company believes that its present working capital position, combined with
funds expected to be generated from operations and the available borrowings
capacity through its revolving credit loan facilities, will be sufficient to
meet its anticipated cash requirements for operating needs and capital
expenditures for 1995.



                                 -14-

                     SELAS CORPORATION OF AMERICA

                    PART I - FINANCIAL INFORMATION


ITEM 2:  Management's Discussion and Analysis of Financial Condition
         and Results of Operations (Continued)                     

In March 1995, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 121 "Accounting for the Impairment of Long-
Lived Assets and for Long-Lived Assets to be Disposed Of" (Statement No. 121). 
The provisions of Statement No. 121 is effective for the Company for years
beginning after December 15, 1995.  Management believes that Statement 121 will
have no impact on the Consolidated Financial Statements of the Company.

In October 1995, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 123 "Accounting for Stock-Based Compensation"
(Statement No. 123).  The provisions of Statement No. 123 is effective for the
Company for years beginning after December 15, 1995.  Management has not
determined the impact, if any, Statement No. 123 will have on the Consolidated
Financial Statements of the Company.





                                  -15-


                    SELAS CORPORATION OF AMERICA

                     PART II - OTHER INFORMATION





ITEM 6.  Exhibits and Reports on Form 8-K

(b)        Reports on Form 8-K - The Company did not file any reports on Form 8-
           K during the quarter for which this report is filed. 






                      SELAS CORPORATION OF AMERICA


                              SIGNATURE









Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                    SELAS CORPORATION OF AMERICA

                                         (Registrant)






Date:   November 10, 1995                                        
                                          Robert W. Ross  
                                      Vice President and CFO
                                    


 

5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF SELAS CORPORATION OF AMERICA FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 9-MOS DEC-31-1995 SEP-30-1995 5,550,217 0 20,742,260 551,348 9,289,830 37,755,554 29,625,112 13,028,687 69,080,740 19,218,110 9,919,283 3,702,426 0 0 30,585,144 69,080,740 54,159,475 54,159,475 39,673,818 39,673,818 0 12,146 975,208 2,730,347 1,256,649 1,473,698 0 0 0 1,473,698 0.43 0.00