SWAN, Circuit Judge.
These appeals present a single question: Whether the taxpayer's stock in a New Jersey corporation became worthless in the year 1937 so as to entitle him to take the cost thereof as a deductible loss under section 23(e) (2) of the Revenue Act of 1936, 26 U.S.C.A. Int.Rev.Code, § 23(e) (2). The Board sustained the commissioner's denial of such deduction.
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