Business: Commodity Square

Not far from Wall Street is Hanover Square whose name and history date back to George I of Britain. Before the island of Manhattan was extended two blocks into the harbor, ships from all the seven seas poked their bowsprits out over its cobbled quay. In Revolutionary times it was Manhattan's smart shopping district. But since the New York Cotton Exchange was founded on this dingy triangle (1872), Hanover Square has meant one thing only —Commodities. In this area today is bought & sold most of the world's cotton, rubber, cocoa, coffee, sugar;...

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