108 THE WORK OF THE STOCK EXCHANGE 
results in economies not only to Stock Exchange firms but also 
to the banks, the Bank Clearing House and the whole money 
market. 
9. Finally, the whole business of Stock Exchange firms 
is standardized, regularized, safeguarded, and placed upon a 
scientific and impersonal basis—one of the supreme accom- 
plishments of highly organized markets. 
"See Chapter II, p. 41.