UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported)         October 12, 2004
                             ALTEX INDUSTRIES, INC.
             (Exact name of registrant as specified in its charter)


--------------------------------------------------------------------------------
           Delaware                   1-9030                     84-0989164
(State or other jurisdiction  (Commission File Number)        (IRS Employer 
         of  incorporation)                                 Identification No.)
--------------------------------------------------------------------------------

PO Box 1057 Breckenridge CO                            80424-1057
(Address of Principal Executive Offices)               (Zip Code)

Registrant's telephone number, including area code        (303) 265-9312


         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if  the  Form  8-K  filing  is  intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following  provisions:

[_]  Written  communications  pursuant  to  Rule  425  under  the Securities Act

[_]  Soliciting  material  pursuant  to  Rule  14a-12  under  the  Exchange  Act

[_]  Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
Exchange  Act

[_]  Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
Exchange  Act

ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

On  October  12,  2004,  the  Registrant's  former accountant, Burdick, Meritt &
Associates  ("BMA"),  declined  to  stand  for re-election. BMA's reports on the
Registrant's financial statements for the past two years did not contain adverse
opinions  or  disclaimers  of opinion; nor were they modified as to uncertainty,
audit  scope,  or accounting principles. There were no disagreements with BMA on
any  matter  of  accounting  principles  or  practices,  financial  statement
disclosure,  or  auditing  scope  or  procedure, which, if not resolved to BMA's
satisfaction,  would  have  caused it to make reference to the subject matter of
the  disagreement  in  connection  with  its  report.



On  October  12,  2004,  the  Registrant  engaged  Comiskey  &  Company,  P.C.
("Comiskey")  as  the  principal  accountant to audit the Registrant's financial
statements.  The  decision  to  engage  Comiskey  was  approved  by the board of
directors  and  recommended  by  the  audit committee of the board of directors.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(a)  Financial  Statements  and  Exhibits.  None.
(b)  Pro  Forma  Financial  Information.  None.
(c)  Exhibits.
     (16) Letter  on  change  in  certifying  accountant

                                   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  hereunto  duly  authorized.


                             Date: October 12, 2004



ALTEX INDUSTRIES, INC



By:  /s/ STEVEN H. CARDIN
                                                     Steven H. Cardin
                                                     Chief Executive Officer and
     Principal Financial Officer



EXHIBIT INDEX

16. Letter on change in certifying accountant