Studies in Securities 
’ 
Revised 1927 
Fifty of the studies of over a hundred different companies 
prepared and published by this firm during the last 
five years— Selected as outstanding examples of 
varied enterprise—Past records brought into 
relation with the present 
pg 
A “a 
I$ 0) 
2 Sr 5 
&= Ar 39. * 
< al 
2 Kie\ * 
¥o 
Jas. H. Oliphant & Co. 
Members New York Stock Exchange 
Members Chicago Stock Exchange 
Members New York Coffee & Sugar Exchange, Inc. 
NEW YORK Offices connected CHICAGO 
61 Broadway by private wire The Rookery