Case: Protests 50815-K/90087, etc., of Marshall Field & Co. (Chicago)
Abbreviation: Protests 50815-K/90087 of Marshall Field & Co.
Decision Date: 1947-06-11
Docket Number: No. 51778
Citation: 18 Cust. Ct. 214
Volume: 18
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Protests 50815-K/90087, etc., of Marshall Field & Co. (Chicago)
Judges: 
Pages: 214–214

Head Matter:
Before the Third Division,
June 11, 1947
No. 51778.
Protests 50815-K/90087, etc., of Marshall Field & Co. (Chicago)

Opinion:
Opinion by
Ekwall, J.
In accordance with stipulation of counsel the court found that the facts herein agreed upon were such as to bring the case within the holding in John Barr v. United States (11 Cust. Ct. 88, C. D. 801), which record was incorporated herein. (See John Barr v. United States, 324 U. S. 83.) In accordance therewith it was held that the currency of the invoices should be converted at the buying rate in the New York market at noon on the day of exportation (the "free" rate of exchange for pounds sterling), as certified by the Federal Reserve bank and set forth by the collector on the entries. The protests were sustained to this extent.