The little lines of color above the NARC suggest it was applied by a office supply stamp where you can rotate the letters to stamp out the word you want to imprint. Real narcotic handstamps would not have been applied this way.
I agree that the late date in the 1930's is the first problem. The name of the canceller doesn't match the pharmaceutical companies we know. The only reason for such a high denomination is for import and again this name doesn't seem to match any of the known importers. Finally, as has been said, we don't know that a $4 was ever created. The high denomination provisionals were used in 1919 in New York and Indianapolis. There may have been other ports of entry, but none have been documented .
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