I have seen a transaction of this kind executed in ten minutes, though there was a distance of several hundred miles between client and broker.

The amount of business transacted in the "House" every day is enormous, aggregating many millions of dollars.

New York also has other Exchanges, where different articles of merchandise are purchased and sold, such as corn, coffee, cotton, etc., and the volume of business transacted daily in that "Empire City" must be immense, and almost beyond calculation.
Of course there are Exchanges in Chicago, Boston, Cincinnati, St.
Louis, Philadelphia, Baltimore, Washington and other cities, all conducted on similar lines, but the prices are always governed by the quotations from New York.

This skilful and systematic way of doing business is remarkable, and I am inclined to believe that New York is ahead of many cities in South America and in Europe.

No wonder that the services of Americans are required by other countries in industrial and technical concerns.