Market Report Law and Legal Definition

Market report is the report of the prices paid for particular commodities or securities upon a particular day or during a certain period of time.

Trade journals and market reports are primary evidence tending to show market values, for the reason that they are based on a survey of the whole market and are a source of information on which the business world relies, for which reasons they are more satisfactory than individual entries of sales and inquiries. Where market reports admitted as tending to show market value do not state the correct market price, the burden is on the adverse party to show that fact. [Acme-Evans Co. v. Hunter, 194 Ill. App. 542 (Ill. App. Ct. 1st Dist. 1915)].