--Common Stock--
Shares
 Amount
 Retained
Earnings
 Treasury
Stock
 Total
Balance at February 28, 1995 2,062,732 2,183,344 19,933,922 - 2,117,266
   Net income - - 4,301,260 - 4,301,260
   Cash dividends paid ($.39 per share) - - (807,760) - (807,760)
   Exercise of stock options 44,100 252,406 - - 252,406
   Purchase and retirement of common stock (1,974)
 (60,206)
 -
 -
 (60,206)
Balance at February 29, 1996 2,104,858 2,375,544 23,427,422 - 25,802,966
   Net income - - 4,057,805 - 4,057,805
   Cash dividends paid ($.46 per share) - - (969,675) - (969,675)
   Exercise of stock options 4,997 40,550 - - 40,550
   Purchase and retirement of common stock (150)
 (3,900)
 -
 -
 (3,900)
Balance at February 28, 1997 2,109,705 2,412,194 26,515,552 - 28,927,746
   Net income - - 4,665,120 - 4,665,120
   Cash dividends paid ($.46 per share) - - (1,126,287) - (1,126,287)
   Exercise of stock options 25,103 157,180 - - 157,180
   Purchase and retirement of common stock (95,008)
 (157,203)
 -
 (2,000,001)
 (2,157,204)
   Balance at February 28, 1998 2,039,800
 2,412,171
 30,054,385
 (2,000,001)
 30,466,555

See accompanying notes to consolidated financial statements.