EAST OF THE MISSISSIPPI RIVER. 



573 



A comparison of the average prices of gold and currency in New 

 York from 1804 to 1890, and also the average prices of Ohio wool in 

 gold and currency for the same period may be considered, and for con- 

 venience may be divided into three series of years. First, the period 

 of suspension of specie payments, including the years 1864 and 1878, 

 inclusive ; second, the period of resumption of specie payments up to 

 the time of the revision of the tariff laws, which made a reduction upon 

 foreign imports of wool, including the years 1879 and 1882, inclusive 5 

 third, the period under the revised tariff laws, including the years 1883 

 and 1890, inclusive. 



First period. 



This shows that from 1864 to 1878, during the period of the resump- 

 tion of specie payments, the average price of wool was 55.93 cents in 

 currency and 43.06 cents in gold. 



Second period. 



For this period of four years the average price of Ohio fine and me- 

 dium wools was 43 cents, both in gold and currency. 



Third period. 



