No Securities to Sell 
Te ADDITION to the facilities available to 
clients for execution of orders on the es- 
tablished Exchanges, we offer experienced 
service in the purchase and sale of unlisted 
securities. 
We invite inquiries regarding the purchase 
of securities on conservative margin. 
Suggestions as to investment of the funds 
of individuals, trusts, or institutions will 
be prepared upon request. All recommen- 
dations are free from any prejudice due to 
the ownership of securities. 
Our various publications which are listed 
on the page opposite will be sent regularly 
if desired. 
G9 
Jas. H. Oliphant & Co. 
Fstablished 1898 
Members New York Stock Exchange 
Members Chicago Stock Exchange 
Members New York Coffee & Sugar Exchange, Inc- 
NEW YORK 
61 Broadway Offices connected 
Telephone by private wire 
Whitehall 2200 
, 
CHICAGO 
The Rookery 
Telephone 
Central 7691