United States Board of Tax Appeals December 13, 1934, Docket No. 68533 (Edwards v. Commissioner)

*882OPINION.

SMITH:

The first question presented by this proceeding is the fair value of 14,700 shares of common stock (the total issue outstanding) of E. W. Edwards & Son at the date of the death of the decedent on May 26, 1929. These shares were returned by the petitioners as having a fair market value at the date of death of $310 per share.