116 



The Florists^ Review 



JANUABI- 13, 1921 



RUGOWSKrS ASTERS 



Are The World's Best — We Have Proven It. 



SPECIAL ILLUSTRATED CATALOGUE OP ASTERS AND 

 OTHER NOVELTIES NOW OUT. WRITE TODAY. 



J. K. Rugowski Seed Co., Manitowoc, Wis. 



Planting Bulbs at Segers Brot hen' Bulb Nurseries 



We Grow Bulbs 



And SATISFY Our Customers 



Segers Brothers^ Ltd., Lisse, Holland 



WHOLESALE BULB GROWERS 



New York Address, care of Naltus & Ware, 116 Broad Street 



This is the time you should order your Special 

 Prepared Hyacinths for Christinas Flowering 



ever basis is adopted must be applied 

 consistently to the entire inventory. 

 The Amended Regulation. 

 Article 1584, regulation 45, as 

 amended by this decision, now reads as 

 follows : 



Under ordinary circumstances, "market" 

 means the current bid price prevailing at tlie 

 date of the Inventory for the particular mer- 

 chandise in the volume In wliich ordinarily pur- 

 chased by the taxpayer. This method of valua- 

 tion in applicable in the cases (a) of goods pur- 

 chased and on hand, (b) of basic elements of 

 co»t (materials, labor and burden) in goods in 

 process of manufacture, and (c) of flnished goods 

 on hand; exclusive, however, of goods on hand 

 or in process of manufacture for delivery upon 

 tirm sales contracts at fixed prices entered into 

 before the date of the inventory, wliich goods 

 must be inventoried at cost. Where no open 

 market quotations are available, the taxpayer 

 must use surli evidence of a fair market price 

 at the date or dates nearest the inventory as 

 may be available, such as speiifle transactions 

 in reasonable volume entered into in sood faith, 

 or compensation paid for cancellation of con 

 tracts for purchase conimitniciits. 



Wlicre. owiuii; to abncirmal coiiilitions. the tax- 

 payer has regularly sold such mcrcliandise at 

 prices lower tUfln tiie current bid i)rice as above 

 defined, tlie iovcutory may be valued at .such 

 prices, and tlie <-(iiTcetness cif such prices will 

 be determined by reference to the actual sales 

 of the taxpayer fur a reasimable period befori" 

 and after the date t\{ the inventory. Prices 

 ^hicli vary materially from the actual prices 

 so ascertained will not be accepted as relleclin;; 

 tlie market and the penalties jirescribed fur 

 filing false and fraudulent returns may be as- 

 serted. 



(^oods in process of maniifaelnre may be val 

 ued for purposes of the inventory on the lowest 

 of the following bases: (1) The replacement or 

 rei)roduction cost prevailiiii; at the date of the 

 inventory: or (lit the proper proportionate part 

 of the actual finished cost: or, under abnormal 

 conditions, (3) the proper proportionate part of 

 the sales price of the finished product, account 

 l)eing taken in all cases of the proportionate part 

 of the total cost of basic elements (ufflt^rinls, 

 lalwr and burden) represented in siicli goods in 

 process of mantifacture at the stages at which 

 they are found on the date of inventory. 



The inventories of taxpayers on whatever basis 

 taken will be subject to investigation by the 

 commissioner, and the taxpayer must satisfy the 

 commissioner of the correctness of the prices 

 adopted. He must be prepared to show both the 



TROMP BROS. 



SUCCESSORS TO GERRIT SEGERS 



Wholesale Bulb Growers 



Lisse, Holland 

 "NONE BUT THE BEST" 



FRENCH BULBS 

 CATALOGUE ON APPLICATION 



REPRESENTATIVE, G. OVERDUIN 

 116 BROAD STREET, NEW YORK CITY 



GULDENOND & SON, LISSE, HOLLAND 



NEW YORK, 116 Broad St., Room 40. 



RELIABLE BULBS 



Over 300 Acres in Cultivation. 

 NONE BETTER GROWN. 



SPECIAL PRICES AND TERMS ON DEMAND. 



cost and the market price of each artirli- in- 

 cluded in tlie inventory. It is recognizeil that 

 in the latter part of 1018, by reason among other 

 tilings of governmental control not having been 

 leliiniiiislieil. conditions were abnormal and in 

 many commodities there was no such scale of 

 trading as to estalilish a free market. In such 

 a case, when a market was established during 

 the succeeding year, a claim may be filed for 



any loss sustained in accordance with the pro- 

 visions of section 214 (a) 12 or section 234 (a) 

 14 of the statute. 



SEEDS IN SNAKE VALLEY. 



The West Point Orchard Valley Seed 



organ- 



Growers' Association has been 



