Market price

The actual price at which the given commodity is currently sold, or has recently been sold, in the open market, that is, not at a forced sale, but in the usual and ordinary course of trade and competition, between sellers and buyers equally free to bargain, as established by records of late sales.

See Lovejoy v. Michels, 88 Mich. 15, 49 N. W. 901, 13 L. R. A. 770; Sanford v. Peck, 63 Conn. 486, 27 Atl. 1057; Douglas v. Merceles, 25 N. J. Eq. 147; Par-menter v. Fitzpatrick, 135 N. Y. 190, 31 N. E. 1032.

The term also means, when price at the place of exportation is in view, the price at which articles are sold and purchased, clear of every charge but such as ls laid upon it at the time of sale.

Goodwin v. United States, 2 Wash. O. C. 493, Fed. Cas. No. 5,554.