A History of Advertising from the Earliest Times. by Henry Sampson
200. The quotation for Thursday, April 7 (in _Daily Post_, Friday,
259 words | Chapter 14
April 8), is, “Yesterday South Sea Stock was 314, 310, 311, 309, 309½,
to 310. Bank 145. India 223.” On the 27th May it was 555, and Bank was
205 (_Post Boy_, May 28). It then fell a little, but in the _Daily
Courant_ of June 2 it is quoted at 610 to 760, Bank 210 to 220, India
290 to 300. The _Daily Post_ of Wednesday, June 8, contains the
following puff for the scheme: “’Tis said that the South Sea Company
being willing to have all the Annuities subscribed to their Stock, now
offer forty-five years’ purchase for those which have not yet been
bought in.” And again: “The Annuities which have been subscribed into
the South Sea Stock are risen to a very great height, so that what
would formerly sell but for £1500, is now worth £8000.” In the _Post
Boy_ of June 23-25, we find this: “Yesterday South Sea Stock was for
the opening of the Book 1100. 1st Subscr. 565, 2d Subscr. 610, 3rd
Subscr. 200. Bank 265. East India 440.” On Friday, June 24, the _Daily
Post_ says, “We hear that South Sea Stock was sold yesterday at 1000
per cent., and great wagers are laid that it will be currently sold
before the opening of the Books at 1200 per cent. exclusive of the
Dividend.” It is several times after this quoted at 1100, but never
over. These compilations show that a higher rate was attained by the
stock than is given in the article quoted above, or is generally
believed.
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