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

                                   FORM 10-Q

         (Mark One)

         [ X ]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934
         For the quarterly period ended June 30, 2003

                                       OR

         [   ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934
         For the transition period from            to

         Commission file number   1-10219

                         VULCAN INTERNATIONAL CORPORATION
              (Exact name of registrant as specified in its charter)

                   DELAWARE                             31-0810265
       (State or other jurisdiction of      (IRS Employer Identification No.)
        incorporation or organization)

       300 Delaware Avenue, Suite 1704, Wilmington, Delaware    19801
       (Address of principal executive offices)              (Zip Code)

                                 (302) 427-804
             (Registrant's telephone number, including area code)

                                       N/A
             (Former name, former address and former fiscal year,
              if changed since last report)

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.

                                  Yes   X     No

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

Outstanding shares of no par value common stock at June 30, 2003:

                                 1,004,707 shares




                       VULCAN INTERNATIONAL CORPORATION

                                    INDEX


Part I.  FINANCIAL INFORMATION                                         PAGE

        Item 1.  FINANCIAL STATEMENTS

                    Condensed Consolidated Balance Sheets                1

                    Condensed Consolidated Statements of Income          2

                    Condensed Consolidated Statements of Cash Flows      3

                    Schedule Supporting Net Income Per Common
                    Share and Dividends Per Common Share                 4

                    Notes to Condensed Consolidated Financial
                    Statements                                          5-8

                    Independent Accountants' Report                      9


        Item 2.     Management's Discussion and Analysis of
                    Financial Condition and Results of Operations     10-11

        Item 3.     Quantitative and Qualitative Disclosures
                    about Market Risks                                  11

        Item 4.     Controls and Procedures                             11


Part II.  OTHER INFORMATION

        Item 1.     Legal Proceedings                                 12-13

        Item 2.     Changes in Securities and Use of Proceeds           13

        Item 3.     Defaults Upon Senior Securities                     13

        Item 4.     Submission of Matters to a Vote of
                    Security Holders                                  13-14

        Item 5.     Other Information                                   14

        Item 6.     Exhibits and Reports on Form 8-K                    14





                            PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.

                           VULCAN INTERNATIONAL CORPORATION
                         CONDENSED CONSOLIDATED BALANCE SHEETS

                                                   JUNE 30,    DECEMBER 31,
                                                     2003          2002
                                                  UNAUDITED
                                                          
         -ASSETS-

CURRENT ASSETS:
  Cash                                         $  1,005,819     1,682,049
  Marketable securities (At fair market value)   33,306,595    30,237,923
  Accounts receivable                             1,690,765     1,437,170
  Inventories                                     1,209,443       702,518
  Prepaid expense and tax                            80,804        44,825
                                                 ----------    ----------
        TOTAL CURRENT ASSETS                     37,293,426    34,104,485
                                                 ----------    ----------
PROPERTY, PLANT AND EQUIPMENT-at cost            11,704,158    11,679,978
  Less-Accumulated depreciation and depletion     9,762,743     9,577,197
                                                 ----------    ----------
        NET PROPERTY, PLANT AND EQUIPMENT         1,941,415     2,102,781
                                                 ----------    ----------
OTHER ASSETS:
  Investment in joint venture                       160,902        20,805
  Marketable securities (At fair market value)   32,170,183    27,615,871
  Deferred charges and other assets               5,854,047     5,771,763
                                                 ----------    ----------
        TOTAL OTHER ASSETS                       38,185,132    33,408,439
                                                 ----------    ----------
                TOTAL ASSETS                   $ 77,419,973    69,615,705
                                                 ==========    ==========

     -LIABILITIES AND SHAREHOLDERS' EQUITY-

CURRENT LIABILITIES:
  Notes payable                                $    861,711     1,861,711
  Deferred income tax                             8,134,693     7,133,396
  Other                                           6,850,664     6,766,590
                                                 ----------    ----------
        TOTAL CURRENT LIABILITIES                15,847,068    15,761,697
                                                 ----------    ----------
OTHER LIABILITIES:
  Deferred income tax                            11,236,194     9,641,263
  Commitments and contingencies                           -             -
  Minority interest in partnership                   10,648        17,304
  Other liabilities                                  37,470        34,531
                                                 ----------    ----------
        TOTAL OTHER LIABILITIES                  11,284,312     9,693,098
                                                 ----------    ----------
SHAREHOLDERS' EQUITY:
  Capital stock                                     249,939       249,939
  Additional paid-in capital                      8,253,926     8,205,825
  Retained earnings                              28,899,995    27,952,115
  Accumulated other comprehensive income         39,124,596    34,013,394
                                                 ----------    ----------
                                                 76,528,456    70,421,273

    Less-Common stock in treasury-at cost        26,239,863    26,260,363
                                                 ----------    ----------
        TOTAL SHAREHOLDERS' EQUITY               50,288,593    44,160,910
                                                 ----------    ----------
                TOTAL LIABILITIES
                  AND SHAREHOLDERS' EQUITY     $ 77,419,973    69,615,705
                                                 ==========    ==========

The accompanying notes to condensed consolidated financial statements are an
integral part of these statements.


                                      -1-


                           PART I - FINANCIAL INFORMATION
                                       (Continued)

Item 1.  Financial Statements.

                          VULCAN INTERNATIONAL CORPORATION
                     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                      UNAUDITED


                    For the six months ended      For the three months ended
                        June 30,      June 30,       June 30,       June 30,
                          2003          2002           2003           2002
                                                       
REVENUES:
  Net sales            $4,735,319     4,580,483      2,527,283      2,213,777
  Dividends             1,148,327     1,146,033        580,273        574,402
                        ---------     ---------      ---------      ---------
    TOTAL REVENUES      5,883,646     5,726,516      3,107,556      2,788,179
                        ---------     ---------      ---------      ---------
COST AND EXPENSES:
  Cost of sales         4,513,460     4,160,321      2,352,664      2,020,397
  General and
   administrative         943,558       944,683        461,195        465,169
  Interest expense         64,781        93,014         26,986         45,688
                        ---------     ---------      ---------      ---------
    TOTAL COST AND
     EXPENSES           5,521,799     5,198,018      2,840,845      2,531,254
                        ---------     ---------      ---------      ---------
EQUITY IN JOINT
 VENTURE INCOME
 AND MINORITY
 INTEREST                 139,449       139,992         68,052         71,489
                        ---------     ---------      ---------      ---------
INCOME BEFORE
 GAIN ON SALE OF
 ASSETS                   501,296       668,490        334,763        328,414

NET GAIN ON SALE OF
 PROPERTY, EQUIPTMENT
 AND SECURITIES           683,766       568,390        135,865        141,688
                        ---------     ---------      ---------      ---------
    INCOME FROM
     CONTINUING
     OPERATIONS BEFORE
     INCOME TAXES       1,185,062     1,236,880        470,628        470,102

INCOME TAX PROVISION      136,710       160,944         25,374         35,469
                        ---------     ---------      ---------      ---------
     NET INCOME        $1,048,352     1,075,936        445,254        434,633
                        =========     =========      =========      =========

NET INCOME PER SHARE   $     1.04           .98            .44            .40
                        =========     =========      =========      =========
DIVIDENDS PER
 COMMON SHARE          $      .10           .40            .05            .20
                        =========     =========      =========      =========

The accompanying notes to condensed consolidated financial statements are an
integral part of these statements.


                                     -2-



                             PART I - FINANCIAL INFORMATION
                                       (Continued)
Item 1.  Financial Statements.

                            VULCAN INTERNATIONAL CORPORATION
                     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                For the six months ended
                                        UNAUDITED

                                                   JUNE 30,       JUNE 30,
                                                     2003           2002
                                                           
CASH FLOWS FROM OPERATING ACTIVITIES:
  Cash received from customers                  $ 4,485,658       4,244,415
  Cash paid to suppliers and employees           (5,707,167)     (5,847,852)
  Dividends received                              1,148,327       1,146,033
  Interest paid                                     (24,292)        (15,298)
  Income taxes paid                                (185,000)       (145,000)
                                                   ---------       ---------
     NET CASH FLOWS FROM OPERATING ACTIVITIES      (282,474)       (617,702)
                                                  ---------       ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Proceeds from sale of property, equipment
   and securities                                   692,987         583,945
  Purchase of property and equipment                (42,752)       (289,913)
  Cash distribution from joint venture                    -         400,000
  Collections on notes receivable and other          56,480          59,779
                                                  ---------       ---------
     NET CASH FLOWS FROM INVESTING ACTIVITIES       706,715         753,811
                                                  ---------       ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Net borrowings (repayments) under credit
   agreements                                    (1,000,000)              -
  Sale of treasury shares                                 -          19,885
  Purchase of common shares                               -        (171,531)
  Cash dividends paid                              (100,471)       (440,842)
                                                  ---------       ---------
     NET CASH FLOWS FROM FINANCING ACTIVITIES    (1,100,471)       (592,488)
                                                  ---------       ---------
     INCREASE (DECREASE) IN CASH AND
      CASH EQUIVALENTS                             (676,230)       (456,379)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD  1,682,049       2,493,733
                                                  ---------       ---------
CASH AND CASH EQUIVALENTS AT END OF PERIOD      $ 1,005,819       2,037,354
                                                  =========       =========
RECONCILIATION OF NET INCOME TO
  NET CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                   $ 1,048,352       1,075,936
   Adjustments-
     Depreciation and amortization                  197,852         167,195
     Deferred income taxes                          (36,817)         (8,979)
     Equity in joint venture income and
       minority interest                           (139,449)       (139,992)
     Net gain on sale of property, equipment
       and securities                              (683,766)       (568,391)
     (Increase) in accounts receivable             (249,661)       (328,233)
     (Increase) in inventories                     (506,925)       (289,478)
     Increase (decrease) in accounts payable,
       accrued expenses and other assets             87,940        (525,760)
                                                  ---------       ---------
NET CASH FLOWS FROM OPERATING ACTIVITIES        $  (282,474)       (617,702)
                                                  =========       =========

The accompanying notes to condensed consolidated financial statements are an
integral part of these statements.


                                    -3-


                             PART I - FINANCIAL INFORMATION
                                       (Continued)
Item 1.  Financial Statements.
                             VULCAN INTERNATIONAL CORPORATION
                      SCHEDULE SUPPORTING NET INCOME PER COMMON SHARE
                              AND DIVIDENDS PER COMMON SHARE
                                        UNAUDITED


                                                                    EXHIBIT 1


                       For the six months ended   For the three months ended
                       June 30,       June 30,    June 30,      June 30,
                         2003           2002        2003          2002
                                                    

a)   Net income       $1,048,352      1,075,936     445,254       434,633
                       =========      =========   =========     =========
b)   Cash
      dividends
      on common
      shares          $  100,471        440,842      50,236       220,421
                       =========      =========   =========     =========
Weighted Average
 Shares:
c)   Common shares
      issued           1,999,512      1,999,512   1,999,512     1,999,512
d)   Common
      treasury
      shares             994,860        897,725     994,805       898,022
                       ---------      ---------   ---------     ---------
e)   Common shares
      outstanding      1,004,652      1,101,787   1,004,707     1,101,490
                       =========      =========   =========     =========
f)   Income per
      common
      share (a/e):    $     1.04            .98         .44           .40

g)   Dividends
      per common
      share           $      .10            .40         .05           .20


The accompanying notes to condensed consolidated financial statements are an
integral part of these statements.



                                    -4-


                        PART I - FINANCIAL INFORMATION
                                  (Continued)

Item 1.  Financial Statements.

                       VULCAN INTERNATIONAL CORPORATION
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
               For the six months ended June 30, 2003 and 2002
                                  UNAUDITED


On March 1, 1990 the United States of America filed a Complaint against the
Company and others in the United States District Court for the District
of Massachusetts claiming that the Company was a potentially responsible
party with respect to the Re-Solve, Inc. Superfund Site in North Dartmouth,
Massachusetts seeking to recover response costs incurred and to be incurred
in the future in connection with this Site.

Although the Company had engaged counsel to represent it in that action,
the Company was first informed on March 28, 2001 that the Court had
entered, pursuant to prior rulings, an unopposed "Final Judgment" against
the Company on September 22, 1999.  The "Final Judgment" awarded damages
against the Company in favor of the United States in the amount of
$3,465,438, plus interest, for unreimbursed response costs, plus any
additional past unreimbursed response costs, interest and certain future
costs the United States incurs at the site.  The United States filed a
notice of lien in certain jurisdictions on real property of the Registrant
and its subsidiary Vulcan Corporation in the dollar amount of the judgment,
plus interest.

The Company has accrued an estimated liability of $3,522,000, net of
$1,814,000 tax, for the judgment, accrued interest for the past costs and a
discounted present value for estimated future costs in connection with the
site.  This estimated liability was calculated based on the "Final Judgment"
and using other information provided by the U.S. Environmental Protection
Agency ("EPA").  The Company expensed $28,000 and $14,000, after tax, for the
six months and three months ended June 30, 2003, as compared to $51,000 and
$25,000, after tax for the six months and three months ended June 30, 2002,
for accrued interest and amortization of estimated future costs related to this
matter.

On March 10, 2003 the U.S. Department of Justice announced a tentative
settlement of this matter for $3,800,000 plus interest from November 2002.
The total settlement will be payable within thirty days of the consent
decree being approved by the court and entered on the court docket.  If the
settlement is approved by the court, the Company would recognize income of
approximately $983,000, net of tax of $507,000, for the difference between
the final settlement and the amount it has accrued.  The Company expects to
settle this during the third quarter 2003.  The liability for future costs is
a significant estimate of the future costs and it is subject to change as
actual costs are incurred and reported by the EPA.

There may be other potential clean-up liabilities, at other sites of which
the Company has no specific knowledge.

                                   -5-

                        PART I - FINANCIAL INFORMATION
                                  (Continued)

Item 1.  Financial Statements.

                       VULCAN INTERNATIONAL CORPORATION
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
               For the six months ended June 30, 2003 and 2002
                                  UNAUDITED
                                 (Continued)


The Company has an interest in a partnership, CCBA, that owns certain
real estate.  On August 13, 1999 a Complaint for money damages in excess
of $25,000, based upon breach of fiduciary duty was filed by the other
partner in the Court of Common Pleas in Hamilton County, Ohio.  The
plaintiff claims that it is entitled to 45.24% of $827,000 and additional
damages.  March 27, 2001, the plaintiff threatened to file an Amended
Complaint that alleges damages of $1,062,000 and costs, plus punitive
damages of $2,000,000 on various grounds.  The Registrant believes that
the suit is without merit and has been defending itself vigorously against
the issues raised.

CCBA appealed a real estate tax assessment from 1999 that had increased the
annual real estate tax by approximately $96,000.  The local school board has
appealed the revision and reduced its initial appraised value of the property.
During 2001, the partnership received a $96,000 refund of the additional tax
paid in 1999.  CCBA has recorded a liability of approximately $123,000 related
to this issue based on the revised value asserted by the local school board.
If CCBA is successful, this liability will be recognized as income.

The Company is involved in other litigation matters and claims which are
normal in the course of operations.  Management believes that the resolution
of these matters will not have a material effect on the Company's business or
financial condition.

The accompanying condensed consolidated financial statements reflect all
adjustments that are, in the opinion of management, necessary to reflect a
fair presentation of financial position, results of operations and cash flows
for the interim periods.  All such adjustments are of a normal recurring
nature.

There were no securities of the Registrant sold by the Registrant during the
six months ended June 30, 2003, that were not registered under the Securities
Act of 1933, in reliance upon an exemption from registration provided by
Section 4(2) of the Act.



                                   -6-


                        PART I - FINANCIAL INFORMATION
                                  (Continued)

Item 1.  Financial Statements.

                       VULCAN INTERNATIONAL CORPORATION
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
               For the six months ended June 30, 2003 and 2002
                                  UNAUDITED
                                 (Continued)


USE OF ESTIMATES
The preparation of financial statements in conformity with U.S. generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period.  Actual results could differ from those estimates.

INVENTORIES


                                                 JUNE  30,     DECEMBER 31,
                                                   2003            2002
                                                 UNAUDITED
                                                            
        Inventories consisted of:
          Finished goods                       $  595,896        506,240
          Work in process                         169,221         33,983
          Raw materials                           444,326        162,295
                                                ---------        -------
                Total inventories              $1,209,443        702,518
                                                =========        =======


COMPREHENSIVE INCOME
During the six months ended June 30, 2003 and 2002 total other comprehensive
income (loss) was as follows:


                                       For the six            For the three
                                       months ended           months ended
                                   June 30,   June 30,    June 30,    June 30,
                                    2003       2002        2003        2002
                                      
   Net income                  $ 1,048,352  1,075,936     445,254     434,633
   Other comprehensive
    income (loss), net of tax:
     Unrealized gain (loss)
      on marketable securities   5,352,559 (5,559,449)  7,443,910  (6,849,887)
     Less: reclassification
      adjustment for gains
      included in net income      (241,357)   (58,313)    (12,427)     (3,313)
                                 ---------  ---------   ---------   ---------
        Total comprehensive
         income (loss)         $ 6,159,554 (4,541,826)  7,876,737  (6,418,567)
                                 =========  =========   =========   =========


Accumulated comprehensive income consists of unrealized holding gains on
securities available for sale of $39,124,596 at June 30, 2003 and
$34,013,394 at December 31, 2002.

                                   -7-


                        PART I - FINANCIAL INFORMATION
                                  (Continued)

Item 1.  Financial Statements.

                        VULCAN INTERNATIONAL CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                For the six months ended June 30, 2003 and 2002
                                  UNAUDITED
                                 (Continued)


STOCK OPTIONS
Options to purchase not more than 50,000 shares of treasury stock at $33.20
per share, that were granted to the President of the Company in 2001 will
expire in 2008.

BUSINESS SEGMENT INFORMATION
Reportable segments for the six months and three months ended June 30, 2003
are as follows:


                                     For the six             For the three
                                     months ended            months ended
                                 June 30,    June 30,    June 30,    June 30,
                                  2003        2002        2003        2002
                                                       
  NET SALES FROM CONTINUING
   OPERATIONS:
   Rubber and Foam Products    $3,704,210   3,491,472   2,151,535   1,755,320
   Bowling Pins                   936,322     888,733     287,531     356,616
   Real Estate Operations         443,251     465,146     217,929     211,105
   Intersegment net sales        (129,978)    (48,359)    (19,715)    (21,007)
                                ---------   ---------   ---------   ---------
                                4,953,805   4,796,992   2,637,280   2,302,034
   Timber sales reported in
    gain on sale of property
    and equipment                (218,486)   (216,509)   (109,997)    (88,257)
                                ---------   ---------   ---------   ---------
       TOTAL SALES FROM
        CONTINUING OPEATIONS   $4,735,319   4,580,483   2,527,283   2,213,777
                                =========   =========   =========   =========

  OPERATING PROFIT (LOSS)
   FROM CONTINUING OPERATIONS:
   Rubber and Foam Products    $ (231,584)   (104,077)     (4,837)    (60,683)
   Bowling Pins                    64,004      80,636       5,970      37,508
   Real Estate Operations         150,067     193,178      61,476      75,364
                                ---------   ---------   ---------   ---------
       TOTAL OPERATING
        PROFIT (LOSS) FROM
        CONTINUING OPERATIONS     (17,513)    169,737      62,609      52,189

  Interest expense - net          (64,781)    (93,014)    (26,986)    (45,688)
  Other unallocated corporate
   income - net                 1,267,356   1,160,157     435,005     463,601
  Income tax provision           (136,710)   (160,944)    (25,374)    (35,469)
                                ---------   ---------   ---------   ---------
        NET INCOME             $1,048,352   1,075,936     445,254     434,633
                                =========   =========   =========   =========


REVIEW BY INDEPENDENT ACCOUNTANTS
The condensed consolidated financial statements at June 30, 2003, and for
the six month period then ended have been reviewed, prior to filing, by
the Registrant's independent accountants, J.D. Cloud & Co. L.L.P., whose
report covering their review of the financial statements is included in
this report.
                                   -8-




                        INDEPENDENT ACCOUNTANTS' REPORT


To the Board of Directors
Vulcan International Corporation
Wilmington, Delaware

We have reviewed the accompanying condensed consolidated balance sheet of
Vulcan International Corporation and subsidiaries as of June 30, 2003, and
the related condensed consolidated statements of income and cash flows for
the six month and three month periods ended June 30, 2003 and 2002.  These
financial statements are the responsibility of the Company's management.

We conducted our review in accordance with Statements on Standards for
Accounting and Review Services issued by the American Institute of Certified
Public Accountants.  A review of interim financial information consists
principally of applying analytical procedures to financial data and making
inquiries of persons responsible for financial and accounting matters.  It
is substantially less in scope than an audit conducted in accordance with
U.S. generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the financial statements taken as a
whole.  Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that
should be made to the accompanying condensed consolidated financial
statements for them to be in conformity with U.S. generally accepted
accounting principles.

We have audited, in accordance with U.S. generally accepted auditing
standards, the consolidated balance sheet of Vulcan International Corporation
and subsidiaries as of December 31, 2002, and the related consolidated
statements of income, shareholders' equity, and cash flows for the year then
ended (not presented herein); and in our report dated February 11, 2003, we
expressed an unqualified opinion on those consolidated financial statements.
In our opinion, the information set forth in the accompanying condensed
consolidated balance sheet as of December 31, 2002, is fairly stated, in all
material respects, in relation to the consolidated balance sheet from which it
has been derived.




                                                J.D. CLOUD & CO. L.L.P.
                                                Certified Public Accountants

Cincinnati, Ohio
August 1, 2003




                                   -9-


                         PART I - FINANCIAL INFORMATION
                                  (Continued)

Item 2.     Management's Discussion and Analysis of Financial Condition and
            Results of Operations.


Net sales revenue for the six months ended June 30, 2003, increased $154,836
or 3.4% over the corresponding period in 2002.  Cost of sales increased
$353,139 or 8.5% during the six months ended June 30, 2003 compared to the
corresponding six month period in 2002.  Net sales revenue for the second
quarter of 2003 increased $313,506 or 14.2% and cost of sales increased
$332,267 or 16.5% compared to the corresponding quarter in 2002.  These
changes are due to increased sales and costs in the Company's Rubber and
Foam segment.

General and administrative expenses decreased $1,125 or 0.1% in the six
months ended June 30, 2003, as compared to the corresponding six month period
in 2002.  General and administrative expenses for the second quarter of 2003
decreased $3,974 or 0.8% compared to the corresponding quarter in 2002.

Interest expense for the six months ended June 30, 2003 decreased $28,233.
Interest expense for the three months ended June 30, 2003 decreased $18,702.
The decreases are primarily due to decreased interest rates and reductions
in short-term debt.  Interest of $41,404 and $20,735 was incurred for the
accrued EPA liability for the six months and three months ended June 30, 2003.

Gains on the sale of property, equipment and securities were $683,766 for
the six months ended June 30, 2003, as compared to $568,390 for the
corresponding period in 2002.  Gains in 2003 and 2002 were primarily the
result of the sale of marketable securities and timber.

The Company has a 50% interest in a joint venture, Vulcan Brunswick Bowling
Pin Company (VBBPC) which manufactures bowling pins in Antigo, Wisconsin for
Brunswick and the Company.  The Company's investment in VBBPC is included in
other assets at June 30, 2003.


Summarized income statement information for VBBPC consists of the following:

                     Six Months Ended June 30,   Three Months ended June 30,
                         2003          2002          2003          2002
                                                    

Net sales             $3,082,144     3,106,068     1,502,328    1,588,129
Costs and expenses     2,801,949     2,823,698     1,365,753    1,443,753
                       ---------     ---------     ---------    ---------
Net income            $  280,195       282,370       136,575      144,376
                       =========     =========     =========    =========
Company's 50% equity
 in net income        $  140,097       141,185        68,287       72,188
                       =========     =========     =========    =========




                                   -10-


                         PART I - FINANCIAL INFORMATION
                                  (Continued)


Item 2.     Management's Discussion and Analysis of Financial Condition and
            Results of Operations. (Continued)


LIQUIDITY AND CAPITAL RESOURCES

The Company's cash requirements during the second quarter of 2003 were funded
in part through earnings and noncash charges such as depreciation and
amortization and from the sale of timber, equipment and marketable securities.
The cash from these transactions was primarily used in operations.  The
Company expects to continue, when necessary, to use short-term borrowings to
meet cash requirements not fully provided by earnings, depreciation and
amortization.  In addition, the Company expects to fund its proposed
settlement regarding the Re-Solve, Inc. Superfund Site by accessing its
existing line of credit, the possible sale of securities and from its
operating cash flow.  There were approximately $7,500 of commitments for
capital expenditures as of June 30, 2003.

During the six months ended June 30, 2003, 2000 shares of treasury stock
valued at $68,600 were issued to the President as bonus compensation.



Item 3.     Quantitative and Qualitative Disclosures about Market Risks.

MARKETABLE SECURITIES

The fair value of marketable securities has increased $6,860,878 from
December 31, 2002 to July 31, 2003.  At July 31, 2003 the fair value of
marketable securities was $64,714,672 as compared to $65,476,778 at
June 30, 2003.

The net unrealized holding gain at July 31, 2003 was approximately
$38,600,000 net of deferred taxes of approximately $19,900,000.  The
Company is subject to the risk that fair value securities could decline
further.



Item 4.     Controls and Procedures

a)  Disclosure controls and procedures.  The Chief Executive Officer and the
Principal Financial Officer have carried out an evaluation of the
effectiveness of the Company's disclosure controls and procedures that are
designed to ensure that information relating to the Company required to be
disclosed by the Company in the reports that it files or submits under the
Securities and Exchange Act of 1934, as amended, is recorded, processed,
summarized and reported within the time periods specified in the Securities
and Exchange Commission's rules and forms.  Based upon this evaluation, these
officers have concluded, that as of June 30, 2003, the Company's disclosure
controls and procedures were adequate.

b)  Changes in internal control over financial reporting.  During the period
covered by this report, there were no changes in the Company's internal
control over financial reporting that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over
financial reporting.


                                   -11-

PAGE>
                     PART II - OTHER INFORMATION


Item 1.  Legal Proceedings.

On March 1, 1990 the United States of America filed a Complaint against the
Company and others in the United States District Court for the District
of Massachusetts claiming that the Company was a potentially responsible
party with respect to the Re-Solve, Inc. Superfund Site in North Dartmouth,
Massachusetts seeking to recover response costs incurred and to be incurred
in the future in connection with this Site.

Although the Company had engaged counsel to represent it in that action,
the Company was first informed on March 28, 2001 that the Court had
entered, pursuant to prior rulings, an unopposed "Final Judgment" against
the Company on September 22, 1999.  The "Final Judgment" awarded damages
against the Company in favor of the United States in the amount of
$3,465,438, plus interest, for unreimbursed response costs, plus any
additional past unreimbursed response costs, interest and certain future
costs the United States incurs at the site.  The United States filed a
notice of lien in certain jurisdictions on real property of the Registrant
and its subsidiary Vulcan Corporation in the dollar amount of the judgment,
plus interest.


The Company has accrued an estimated liability of $3,522,000, net of
$1,814,000 tax, for the judgment, accrued interest for the past costs and a
discounted present value for estimated future costs in connection with the
site.  This estimated liability was calculated based on the "Final Judgment"
and using other information provided by the U.S. Environmental Protection
Agency ("EPA").  The Company expensed $28,000 and $14,000, after tax, for the
six months and three months ended June 30, 2003, as compared to $51,000 and
$25,000, after tax for the six months and three months ended June 30, 2002,
for accrued interest and amortization of estimated future costs related to this
matter.

On March 10, 2003 the U.S. Department of Justice announced a tentative
settlement of this matter for $3,800,000 plus interest from November 2002.
The total settlement will be payable within thirty days of the consent
decree being approved by the court and entered on the court docket.  If the
settlement is approved by the court, the Company would recognize income of
approximately $983,000, net of tax of $507,000, for the difference between
the final settlement and the amount it has accrued.  The Company expects to
settle this during the third quarter 2003.  The liability for future costs is
a significant estimate of the future costs and it is subject to change as
actual costs are incurred and reported by the EPA.

There may be other potential clean-up liabilities, at other sites of which
the Company has no specific knowledge.



                                   -12-



                     PART II - OTHER INFORMATION
                              (Continued)


Item 1.  Legal Proceedings. (Continued)

The Company has an interest in a partnership, CCBA, that owns certain
real estate.  On August 13, 1999 a Complaint for money damages in excess
of $25,000, based upon breach of fiduciary duty was filed by the other
partner in the Court of Common Pleas in Hamilton County, Ohio.  The
plaintiff claims that it is entitled to 45.24% of $827,000 and additional
damages.  March 27, 2001, the plaintiff threatened to file an Amended
Complaint that alleges damages of $1,062,000 and costs, plus punitive
damages of $2,000,000 on various grounds.  The Registrant believes that
the suit is without merit and has been defending itself vigorously against
the issues raised.

CCBA appealed a real estate tax assessment from 1999 that had increased the
annual real estate tax by approximately $96,000.  The local school board has
appealed the revision and reduced its initial appraised value of the property.
During 2001, the partnership received a $96,000 refund of the additional tax
paid in 1999.  CCBA has recorded a liability of approximately $123,000 related
to this issue based on the revised value asserted by the local school board.
If CCBA is successful, this liability will be recognized as income.

The Company is involved in other litigation matters and claims which are
normal in the course of operations.  Management believes that the resolution
of these matters will not have a material effect on the Company's business or
financial condition.


Item 2. Changes in Securities and Use of Proceeds - Not Applicable


Item 3. Defaults Upon Senior Securities - Not Applicable


Item 4. Submission of Matters to a Vote of Security Holders -

The Annual Meeting of the shareholders of Vulcan International Corporation was
held on May 8, 2003.  The following matters were voted upon:

    a.  The following members of the Board of Directors of Vulcan
        International Corporation were elected as directors by the
        votes indicated:


        Director                    For        Against      Withheld
                                                   
        Leonard Aconsky           826,331      114,024
        Benjamin Gettler          826,463      113,892
        Thomas D. Gettler         937,900        2,455
        Edward B. Kerin           830,169      110,186
        Stanley I. Rafalo, O.D.   825,552      114,803



                                   -13-


                       PART II - OTHER INFORMATION
                             (Continued)



    b.  Approval and ratification of all purchases of Company stock by
        the Company since May 9, 2002 and approval and ratification of the
        action of the Board of Directors at its May 8, 2003 meeting
        authorizing the purchase of up to 100,000 shares of the Company
        at such times as the President may determine are in the best
        interest of the Company:


                          For        Against        Withheld
                                               
                       939,068         0             1,287


Item 5. Other Information - Stanley I. Rafalo, O.D. passed away July 30,
        2003.  Mr. Rafalo was a member of the audit and compensation
        committee and had been a member of the board of directors for forty
        years.


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

        a. Exhibits

           Exhibit 11 - Statement regarding computation of per share
           earnings included in Part 1, Item 1 of this Form 10Q, page 4.

           Exhibit 31.1 - Rule 13a-14(a)/15d-14(a) Certification of Benjamin
           Gettler.

           Exhibit 31.2 - Rule 13a-14(a)/15d-14(a) Certification of Vernon E.
           Bachman.

           Exhibit 32 - Section 1350 Certifications

        b. The Company was not required to file Form 8-K for the quarter
            ended June 30, 2003.



                                   -14-


                       PART II - OTHER INFORMATION
                               (Continued)




                                SIGNATURES


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.


                                     VULCAN INTERNATIONAL CORPORATION


                                  By:  /s/ Benjamin Gettler
                                       ----------------------------------
  Date   August 12, 2003                Benjamin Gettler
                                        Chairman of the Board, President
                                          and Chief Executive Officer

                                  By:  /s/ Vernon E. Bachman
                                       -----------------------------------
  Date   August 12, 2003                Vernon E. Bachman
                                        Vice President, Secretary-Treasurer
                                          and Principal Accounting Officer




                                   -15-



                            Exhibit 31.1
                           CERTIFICATIONS

In connection with the Quarterly Report of Vulcan International Corporation
on Form 10-Q for the period ending June 30, 2003, as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Benjamin Gettler, Chairman of the Board and Chief Executive Officer of
Vulcan International Corporation, certify, that:

     (1)  I have reviewed this report on Form 10-Q of Vulcan International
          Corporation;

     (2)  Based on my knowledge, this report does not contain any
          untrue statement of a material fact or omit to state a material fact
          necessary to make the statements made, in light of the circumstances
          under which such statements were made, not misleading with respect
          to the period covered by this report;

     (3)  Based on my knowledge, the financial statements, and other financial
          information included in this report, fairly present in all
          material respects the financial condition, results of operations,
          and cash flows of the registrant as of, and for, the periods
          presented in this report;

     (4)  The Registrant's other certifying officer and I are responsible for
          establishing and maintaining disclosure controls and procedures, as
          defined in Exchange Act Rules 13a-15(e) and 15d-15(e), for the
          Registrant and have:

a. Designed such disclosure controls and procedures, or caused
               such disclosure controls and procedures to be designed under
               our supervision, to ensure that material information relating
               to the registrant, including its consolidated subsidiaries, is
               made known to us by others within those entities, particularly
               during the period in which this report is being prepared;

           b.  Evaluated the effectiveness of the registrant's disclosure
               controls and procedures and presented in this report our
               conclusions about the effectiveness of the disclosure controls
               and procedures, as of the end of the period covered by this
               report based on such evaluation; and

c.  Disclosed in this report any change in the registrant's
               internal control over financial reporting that occurred during
               the registrant's most recent fiscal quarter (the registrant's
               fourth fiscal quarter in the case of an annual report) that has
               materially affected, or is reasonably likely to materially
               affect, the registrant's internal control over financial
               reporting.

     (5)  The Registrant's other certifying officer(s) and I have disclosed,
          based on our most recent evaluation of internal control over
          financial reporting, to the Registrant's auditors and the audit
          committee of the Registrant's board of directors(or persons
          performing the equivalent functions):

           a.  All significant deficiencies and material weaknesses in the
               design or operation of internal control over financial
               reporting which are likely to adversely affect the registrant's
               ability to record, process, summarize, and report financial
               information; and


           b.  Any fraud, whether or not material, that involves management
               or other employees who have a significant role in the
               registrant's internal control over financial reporting.



/s/ Benjamin Gettler
-------------------------------------
Benjamin Gettler
Chairman of the Board and
Chief Executive Officer
August 12, 2003



                                    -16-




                            Exhibit 31.2
                           CERTIFICATIONS


In connection with the Quarterly Report of Vulcan International Corporation
on Form 10-Q for the period ending June 30, 2003, as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Vernon E. Bachman, Vice President and Secretary-Treasurer of Vulcan
International Corporation, certify, that:

     (1)  I have reviewed this report on Form 10-Q of Vulcan International
          Corporation;

     (2)  Based on my knowledge, this report does not contain any
          untrue statement of a material fact or omit to state a material fact
          necessary to make the statements made, in light of the circumstances
          under which such statements were made, not misleading with respect
          to the period covered by this report;

     (3)  Based on my knowledge, the financial statements, and other financial
          information included in this report, fairly present in all
          material respects the financial condition, results of operations,
          and cash flows of the registrant as of, and for, the periods
          presented in this report;

     (4)  The Registrant's other certifying officer and I are responsible for
          establishing and maintaining disclosure controls and procedures, as
          defined in Exchange Act Rules 13a-15(e) and 15d-15(e), for the
          Registrant and have:

a.  Designed such disclosure controls and procedures, or caused
               such disclosure controls and procedures to be designed under
               our supervision, to ensure that material information relating
               to the registrant, including its consolidated subsidiaries, is
               made known to us by others within those entities, particularly
               during the period in which this report is being prepared;

           b.  Evaluated the effectiveness of the registrant's disclosure
               controls and procedures and presented in this report our
               conclusions about the effectiveness of the disclosure controls
               and procedures, as of the end of the period covered by this
               report based on such evaluation; and

c.  Disclosed in this report any change in the registrant's
               internal control over financial reporting that occurred during
               the registrant's most recent fiscal quarter (the registrant's
               fourth fiscal quarter in the case of an annual report) that has
               materially affected, or is reasonably likely to materially
               affect, the registrant's internal control over financial
               reporting.

     (5)  The Registrant's other certifying officer(s) and I have disclosed,
          based on our most recent evaluation of internal control over
          financial reporting, to the Registrant's auditors and the audit
          committee of the Registrant's board of directors(or persons
          performing the equivalent functions):

a.  All significant deficiencies and material weaknesses in the
    design or operation of internal control over financial
    reporting which are likely to adversely affect the registrant's
    ability to record, process, summarize, and report financial
    information; and


           b.  Any fraud, whether or not material, that involves management
               or other employees who have a significant role in the
               registrant's internal control over financial reporting.


/s/ Vernon E. Bachman
-------------------------------------
Vernon E. Bachman
Vice President and
Secretary-Treasurer
August 12, 2003



                                    -17-





                              Exhibit 32

                        CERTIFICATION PURSUANT TO
                         18 U.S.C. SECTION 1350,
                    AS ADOPTED PURSUANT TO SECTION 906
                    OF THE SARBANES-OXLEY ACT OF 2002




In connection with the Quarterly Report of Vulcan International Corporation
(the "Company") on Form 10-Q for the period ending June 30, 2003 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
we, Benjamin Gettler, Chairman of the Board and Chief Executive Officer of
the Company and Vernon E. Bachman, Vice President and Secretary-Treasurer,
certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of our
knowledge:

     (1) The Report fully complies with the requirements of section 13(a) or
         15(d) of the Securities Exchange Act of 1934; and

     (2) The information contained in the Report fairly presents, in all
         material respects, the financial condition and results of operations
         of the Company.



/s/ Benjamin Gettler                               /s/ Vernon E. Bachman
--------------------------------                   ---------------------------
Benjamin Gettler                                   Vernon E. Bachman
Chairman of the Board and                          Vice President and
Chief Executive Officer                            Secretary-Treasurer
August 12, 2003                                    August 12, 2003

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