Commissioner of Internal Revenue v. Elmhurst Cemetery Co. of Joliet

EVANS, Circuit Judge.

Does the evidence support the finding of the Board of Tax Appeals that lots in respondent’s cemetery were worth 76.6 cents^per square foot on March 1, 1913? If so, we must affirm.

The facts. Respondent was organized in 1909. It purchased 137 acres of land near Joliet for $60,000 and improved 37 acres of *5it at a cost of $35,000. From this improved acreage it sold lots as follows:

1909 ................ 7,308.55 sq. ft. al 730 per sq. ft.

1910 ................ 7,003.55 sq. ft. at 71.50 per sq. ft.

1911 ................ 7,312.20 sq. ft. at 70.20 per sq. ft.

1912 ................…