Racine, Wis. Precancel?

Is this a precancel? If so, I am unable to determine what type it is. Anyone know for sure? Does it also appear odd that the precancel is vertical rather than horizonal in its orientation for this issue?

Any info. would be appreciated. Thanks.

Yes It is a Precancel Type L-6 TS [Type Set] value $1.50 in PPS 1998 edition.

Thanks. Found something I didn't even know I had as it was grouped with a bunch of other common precancels (NY, Chicago, etc.).

Racine L6: Here is a taste of the great info that will be in the new Precancel Stamp Society Classics Catalog covering pre-1908 W/F issues - all known deominations will be priced. Items with [!] are mentioned in the literature, but... 'whereabouts currently unknown':

Racine WI
PSS Type L-6 TS
This was Hoover Type 15.

1902
1¢ up .............................. $1.50
1¢ down ............................... $2
1¢ double up ..................... $50
1¢ triple (2 up, 1 down)! .. $100
3¢ up! .................................. ---
3¢ down ............................... $3
3¢ double down ................. $20
4¢ up ................................. $15
4¢ down! .............................. ---
5¢ up! .................................. ---
5¢ down ............................. $20
5¢ double up! ...................... ---
5¢ double down ............... $100
6¢ up ................................... $3
6¢ down! .............................. ---
6¢ double up! .................. $100
8¢ up! .............................. $100
1903 Shield
2¢ up! ................................... ---
2¢ down ..........................$7.50

Thanks for the additional info. When is the new "Classics" catalog planned for release?

Just found another Racine, WI precancel. What type would this be? (Measurements appear to be 11.5mm between bars; 2.0mm top bar to city; 2.0mm letters.)