content: SECURITIES AND EXCHANGE COMMISSION
                                                Washington, D.C. 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 5,1998
  
                   WESTBURY METALS GROUP, INC.                 
     (Exact name of registrant as specified in its charter)
  
  
                           New York                             
       (State or Other Jurisdiction of Incorporation)
  
      33-42408-NY                            11-3023099           
  (Commission File Number)       (I.R.S. Employer Identification No.)
  
  
  750 Shames Drive, Westbury, New York 11590   
  (Address of principal executive offices)(Zip Code)
  
  (516) 997-8333                                                
  (Registrant's telephone number, including area code)
  
  
  
  
  <PAGE>
  
  ITEM 4. Changes in Registrant's Certifying Accountant
  
           On October 5, 1998, the Registrant appointed Citron
  Cooperman Co. as the new auditors for the Registrant.  The
  change in auditors was approved by Registrant's Board of
  Directors. The prior auditor, Scott & Guilfoyle were the
  auditors for the Registrant prior to the merger with Westbury
  Alloys, Inc. The new auditors were the auditors for Westbury
  Alloys, Inc. There were no disagreements with Scott & Guilfoyle
  on any matter of accounting principles or practices, financial
  statement disclosure or audit scope or procedure which if not
  resolved to the satisfaction of the former accountants would
  have caused them to make reference to the subject matter in
  their report.   None of the events listed in paragraphs (B)
  through (D) of Regulation S-B  Item 304 (a) (1) (iv) occurred.
  
   
  ITEM 7.  Financial Statements and Exhibits.
  
           (c)  Exhibits
  
                    1.       Copy of Letter from Scott & Guilfoyle.
  
  <PAGE>
  
                                                   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.
  
              WESTBURY METALS GROUP, INC.
                     (Registrant)
  
  
  
  By:                                   
       Mandel Sherman,  President
  
   
  DATED: October 5, 1998
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metadata_filer: {"company-data": {"conformed-name": "ROSECAP INC/NY", "cik": "0000878722", "assigned-sic": "6770", "irs-number": "113023099", "state-of-incorporation": "NY", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-42408", "film-number": "98721175"}, "business-address": {"street1": "236 BIRCHWOOD RD", "city": "MEDFORD", "state": "NY", "zip": "11763", "phone": "5166986914"}, "mail-address": {"street1": "236 BIRCHWOOD ROAD", "city": "MEDFORD", "state": "NY", "zip": "11763"}}
text: SECURITIES AND EXCHANGE COMMISSION
                                                Washington, D.C. 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 5,1998
  
                   WESTBURY METALS GROUP, INC.                 
     (Exact name of registrant as specified in its charter)
  
                           New York                             
       (State or Other Jurisdiction of Incorporation)
  
      33-42408-NY                            11-3023099           
  (Commission File Number)       (I.R.S. Employer Identification No.)
  
  750 Shames Drive, Westbury, New York 11590   
  (Address of principal executive offices)(Zip Code)
  
  (516) 997-8333                                                
  (Registrant's telephone number, including area code)
  ITEM 4. Changes in Registrant's Certifying Accountant
  
           On October 5, 1998, the Registrant appointed Citron
  Cooperman Co. as the new auditors for the Registrant.  The
  change in auditors was approved by Registrant's Board of
  Directors. The prior auditor, Scott & Guilfoyle were the
  auditors for the Registrant prior to the merger with Westbury
  Alloys, Inc. The new auditors were the auditors for Westbury
  Alloys, Inc. There were no disagreements with Scott & Guilfoyle
  on any matter of accounting principles or practices, financial
  statement disclosure or audit scope or procedure which if not
  resolved to the satisfaction of the former accountants would
  have caused them to make reference to the subject matter in
  their report.   None of the events listed in paragraphs (B)
  through (D) of Regulation S-B  Item 304 (a) (1) (iv) occurred.
  
   
  ITEM 7.  Financial Statements and Exhibits.
  
           (c)  Exhibits
  
                    1.       Copy of Letter from Scott & Guilfoyle.
  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.
  
              WESTBURY METALS GROUP, INC.
                     (Registrant)
  
  By:                                   
       Mandel Sherman,  President
  
   
  DATED: October 5, 1998