Reported This Week 280 Years Ago (Jan 21 1739): News from East-India and South-Sea Companies
LONDON Dec 23.
Yesterday the Court of Directors of the East-India Company took up into their Service the Normanton, Capt. Kymmist, the Warwick, Capt. Shuter, the Grantham, Capt. Hale, the Haeslingfield, Capt. Cook, the Somerset, Capt Holmes; and we hear they will be station’d next Week. These make fifteen ships; and two more will be taken up into the said Company’s Service in a few Days. [The Haeslingfield was a ship in the service of the East India Company between 1735-1744. The East India Company was founded in 1600 to trade in the Indian Ocean region and ended up running India, as a precursor to imperial rule there]
On Wednesday were exported for the East-Indies 7,251,030 Ounces of Silver Bullion, and 14,000 Ounces of Silver Coin; for Portugal 850 Quarters of Wheat; for France 750 Quarters ditto; for Virginia 73 Ounce plate; and for Maryland 61 Ounces ditto.
LONDON Dec 28.
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Hide AdThis Morning the South-Sea Company receiv’d the agreeable News of the safe Arrival in the Downs of the Assiento, Capt. Watkins from Buenos Ayres; which Ship hath been long expected, and 10 per Cent Premium was wrote upon her.
[The South Sea Company was founded in 1711 and given a monopoly to trade in South America. Its stock bubble, which is mentioned on page 15, had happened in 1720]