Price, McCormick originally featured here back in 2012 based on their trading at the New York Stock Exchange, where the firm had members with seats until 1900. The firm's cancels have also shown up in special posts on perfins, as Price McCormick used a "PM&Co" perfin on some stamps in addition to their usual CDS. A PM clerck was caught in 1898 in a revenue stamp fraud, where he purchased improperly canceled stamps from other clerks and messengers at 75 cents on the dollar and pocketed the balance. The New York Times reported that Price McCormick used $200 worth of stamps per day, so he was able to make $300 fairly quickly before the revenue inspectors caught up with him.
Today is featured a Price, McCormick cotton futures contract, made through their membership at the New York Cotton Exchange.
September 6, 1899 contract for the delivery of bales cotton in January, 1900. Transaction taxed at $1.24, representing a one cent tax for each one hundred dollars of the future delivery contract, which totaled $12,340.
Price McCormick used a double ring CDS on the one dollar stamp and smaller single ring CDS cancels on the battleship stamps.
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