Peden Iron & Steel Co. v. Louisiana Tax Commission

THOMPSON, J..The facts certified by the judges of the Court of Appeal in the above-styled case now pending in that court are as follows:

The plaintiff is a foreign corporation, engaged in the mercantile business in the parish of Caddo. Its mei’chandise and stock in trade consisted of oil well supplies, building hardware, automobile accessories, and sporting goods.

On January 1, 1924, the company’s stock on hand, consisting of the various classes of goods and supplies as enumerated, amounted to $204,200.

On July 1, 1924, the stock amounted to $252,604.90, and on December 1, 1924, $95,-105.55, all…