The Work of Wall Street

Square, on the site where Bradford printed the first newspaper published in New York. Close to the Cotton Exchange stands the Coffee Exchange. On Pearl, at the corner of John Street, is the Metal Exchange. On Broadway, in the Trinity Building, is the Real Estate Exchange Salesroom, which is the headquarters of the real estate trade. In the settlement of estates many investment securities are also sold there at auction. Farther down Broadway, on the corner of Exchange Place, stands the Consolidated Stock and Petroleum Exchange, where formerly there was a heavy speculation in oil, but which now does a large business in stocks, mostly in lots smaller than those traded in at the Stock Exchange. The sugar trade monopolizes a large part of the lower end of Wall Street. In Pearl Street is concentrated a section of the tobacco trade. The metal trade gathers around the Metal Exchange, the cotton trade in and around the Cotton Exchange, and the grain trade in and around the Produce Exchange. The steamship and express companies are found on Broadway, below Wall Street. The fire and marine insurance companies center in Wall, Pine, and Cedar Streets. Several of the life insurance companies, including the two largest, whose combined assets amount to nearly $700,000,000, are also in this district. The Standard Oil Company has its headquarters in a building of its own in lower Broadway, and the "Western Union Telegraph Company in a building at the corner of Dey Street. In this fi...