v2940-1273

8

H

)f the remaining transactions were

rf, acting for the Holdorf Oyster

is correct, it is of no importance

involved in the second transaction,

i the authorities cited by appellee

: her brief do not support her con-

i Co., etc., V. United States (D.Ot.

. 1019, and Trenton Cotton Oil Co.

) 147 F. (2d) 33, are nowise in point,

case held that the particular items

:"e not securities. Neither case in-

i of the Securities Exchange Act.

ses cited on page 18 of appellee's

an investment contract or invest-

d there can be no analogy whatso-

Qstruments and any of the instru-

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