UNITED STATES
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

October 27, 2010
Date of report (Date of earliest event reported)

       TOOTSIE ROLL INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Its charter)



        Virginia
(State or Other Jurisdiction of Incorporation)

        001-01361
(Commission File Number)

        22-1318955
(I.R.S. Employer Identification No.)

 7401 South Cicero Avenue, Chicago, Illinois  60629
(Address of Principal Executive Offices)   (Zip Code)

        773-838-3400
(Registrant's Telephone Number, Including Area Code)

        Not Applicable
(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
              (17 CFR 230.425)

     [__]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
             (17 CFR 240.14a-12)

     [__]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
              Exchange Act (17 CFR 240.14d-2(b))

     [__]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
              Exchange Act (17 CFR 240.13e-4(c))


ITEM 2.02.   RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

    On October 27, 2010, Tootsie Roll Industries, Inc. issued a press release
(the "release") announcing its results of operations and financial condition for
the third quarter ended October 2, 2010. A copy of the release is attached
hereto as Exhibit 99.1 and incorporated herein by reference.

    The information in the release and in this Item 2.02 is "furnished" and not
"filed" for purposes of Section 18 of the Securities and Exchange Act of 1934,
or otherwise subject to the liabilities of that section. Such information may
only be incorporated by reference in another filing under the Securities
Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent
such subsequent filing specifically references such information.

Item 9.01.  Financial Statements and Exhibits.

(c) The following exhibit is furnished with this report:

Exhibit 99.1     Press Release of Tootsie Roll Industries, Inc., dated
                 October 27, 2010.



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 under-
signed thereunto duly authorized.


October 27, 2010                   TOOTSIE ROLL INDUSTRIES, INC.

                                   By:  /S/G. HOWARD EMBER, JR.
                                        G. Howard Ember, Jr.
                                        Vice President/Finance and
                                        Chief Financial Officer



EXHIBIT INDEX

Exhibit No.                Description

  99.1   Press Release of Tootsie Roll Industries, Inc., dated October 27, 2010.




Tootsie Roll Industries, Inc.
7401 South Cicero Avenue
Chicago, IL  60629
Phone 773/838-3400
Fax   773/838-3534

Press Release

STOCK TRADED:  NYSE           FOR IMMEDIATE RELEASE
TICKER SYMBOL: TR             Wednesday, October 27, 2010

CHICAGO, ILLINOIS - October 27, 2010 - Melvin J. Gordon, Chairman, Tootsie Roll
Industries, Inc. reported third quarter and nine months 2010 net sales and net
earnings.

Third quarter 2010 net sales were $191,045,000 compared to $183,408,000 in
third quarter 2009, an increase of $7,637,000 or 4.2%. Third quarter 2010 net
earnings were $27,351,000 compared to $27,247,000 in third quarter 2009, and
net earnings per share were $.48 and $.47 in third quarter 2010 and 2009,
respectively, an increase of $.01 per share or 2%.

Nine months 2010 net sales were $399,315,000 compared to $385,274,000 in nine
months 2009, an increase of $14,041,000 or 3.6%. Nine months 2010 net earnings
were $44,907,000 compared to $45,905,000 in nine months 2009, and net earnings
per share were $.79 in both nine months 2010 and 2009.

Mr. Gordon said, "Third quarter 2010 net sales benefited from effective
marketing programs including pre-Halloween sales programs. The increase in
third quarter 2010 net earnings reflects the benefits of higher sales,
favorable foreign currency exchange and translation, and a lower effective
income tax rate. However, third quarter 2010 net earnings were adversely
affected by higher ingredient costs, primarily sugar and cocoa. The Company's
third quarter 2010 net earnings per share benefited from common stock purchases
in the open market resulting in fewer shares outstanding.

Nine months 2010 net sales also benefited from effective marketing and sales
programs. Nine months 2010 net earnings were favorably impacted by the same
factors as the third quarter, including higher net sales, and nine months 2010
results were also adversely affected by higher ingredient costs. Nine months
2010 earnings per share benefited from common stock purchases and fewer
outstanding shares."








                           TOOTSIE ROLL INDUSTRIES, INC.
                  CONSOLIDATED SUMMARY OF NET SALES & NET EARNINGS
                              FOR THE PERIODS ENDED
                           OCTOBER 2, 2010 & OCTOBER 3, 2009

THIRD QUARTER ENDED
                                   2010              2009

Net Product Sales             $ 191,045,000     $ 183,408,000

Net Earnings                  $  27,351,000     $  27,247,000

Net Earnings Per Share   *          $ .48             $ .47

Average Shares Outstanding *     56,909,000        57,461,000


                                      NINE MONTHS ENDED
                                    2010              2009

Net Product Sales              $ 399,315,000     $ 385,274,000

Net Earnings                   $  44,907,000     $  45,905,000

Net Earnings Per Share   *          $ .79             $ .79

Average Shares Outstanding *      57,108,000       57,863,000

  *Based on average shares outstanding adjusted for 3% stock dividends
distributed April 8, 2010 and April 9, 2009.