50 THE WORK OF THE STOCK EXCHANGE
If, then, the volume of transactions in organized markets is
likely to experience a large increase in the future, whether
through the creation of new or the expansion of old exchanges,
it follows that the volume of speculation in securities and commodities
 will increase in proportion. The business man of
2000 A.D. will probably be able with the greatest ease to make
short sales of wool or tobacco, or purchase futures in coal and
crude oil, whether in the course of his business, or for the sake
of speculative profits.
The past century has seen a gradual stabilization in business,
 largely through the operations of our organized markets.
The next century will see the further stabilizing of prices and
minimizing of risk. The accomplishment of these desirable
ends will depend largely upon the creation and adequate development
 of organized markets.