In a pipe with varying cross-sectional area (like a truncated cone), the speed of the fluid is inversely proportional to the cross-sectional area. At the wider end, the area is larger, and the speed is lower. At the narrow end, the area is smaller, so the speed increases.
Final Answer:
\[
\boxed{\text{The speed is high at the wider end and low at the narrow end.}}
\]