<ARTICLE> BD <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> AUG-31-1995 <PERIOD-END> FEB-28-1995 <CASH> 9988074 <RECEIVABLES> 291814636 <SECURITIES-RESALE> 0 <SECURITIES-BORROWED> 6145600 <INSTRUMENTS-OWNED> 20237375 <PP&E> 6560701 <TOTAL-ASSETS> 365615108 <SHORT-TERM> 99558928 <PAYABLES> 144376410 <REPOS-SOLD> 0 <SECURITIES-LOANED> 0 <INSTRUMENTS-SOLD> 0 <LONG-TERM> 48500000 <COMMON> 94038 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 57213099 <TOTAL-LIABILITY-AND-EQUITY> 365615108 <TRADING-REVENUE> 0 <INTEREST-DIVIDENDS> 6544485 <COMMISSIONS> 19568675 <INVESTMENT-BANKING-REVENUES> 0 <FEE-REVENUE> 0 <INTEREST-EXPENSE> 2681488 <COMPENSATION> 9293711 <INCOME-PRETAX> 7000473 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4039380 <EPS-PRIMARY> .44 <EPS-DILUTED> .41