It can mean translating rough written notes into a smart letter. The term is used to distinguish from audio typing, where a letter is recorded for a typist to type.
nfn, please don't take offence if I correct you. I think you may be confusing the speed with shorthand - 100 wpm is a reasonable amount for shorthand but for typing 100 wpm is very fast. A good copy typing speed for most people would be around 50 wpm.