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March 15, 1929

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Headlines from March 15, 1929

MELLON ADVISES BUYING OF BONDS NOW BY INVESTORS; Yields as Compared to High Stock Prices Make Them Worth While, He Says. 'WARNING' CONVEYED ANEW With Brokers' Loans Again Near Top, Statement Backs Reserve Board's Speculation Caution. INCOME TAX RETURNS LARGE Treasury Shows $45,000,000, Gain Over 1928, Indicating Surplus Up to $100,000,000 in June. Statement Viewed Apropos of Market Situation in No Wise Altered. MELLON ADVISES BOND BUYING NOW Trend Said to Be "Surprising." TAX RETURNS RUNNING HIGH. Treasury Foresees $45,000,000 Gain This Month, Insuring Year's Surplus Prosperity Seems Underestimated.

By Special to The New York Times

March returns running high

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