10 Feb 1738
Page 1
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Newspaper
Daily Post
Location
London, Middlesex, United Kingdom
Date
Feb 10, 1738
Page
1
A letter to the Daily Post argues that frequent auctions and sales ruin trade. It claims shopkeepers funnel goods to auctioneers, undercut honest merchants, and stimulate bankruptcies, harming the town’s economy and potentially national welfare.
In Portsmouth harbor winds WNW drive ships Sabath Hatley and others down. Sabath and Hatley fail to reach Maryland and Lisbon respectively while St John and Sea Nymph head for the Canaries and Bourdeaux. Gravesend reports arrival of Lady Elizabeth from Amsterdam Katharine from Friezland Willing Mind from Diep and Hasmanes from Amsterdam.
William Pitt named Groom of the Bed Chamber replacing the deceased Townshend. Local official Bold appointed Deputy-Sheriff to Al-Garcia Cater. Admiralty reports on ship readiness, promotion of older lieutenants, and naval discipline reforms. Smuggling case at Hosham Gate, Lord Mayor’s note on preventing illegal multicycle gatherings. Chymist incident in Broad Street ends in mob action. Deaths include Sir Samuel Wright, Bart., and Carolina governor Nathaniel Johnson’s son. Ships and goods movements detailed, with cargoes from Bilboa, Hamburg, Dunkirk, Carolina, Jamaica, and exports to Oporto, Spain, and New England. Theatres schedule lists Drury Lane and Covent Garden performances.
London officials reported high water at London Bridge thirty three minutes after 3 PM as weather conditions pushed expected flood levels. rescuers monitored riverbanks and warned of possible downstream impacts while crews prepared barriers and diversion plans.
Yesterday strong activity in South Sea issues with numerous entries across securities. Prices listed include South Sea Stock at 161, Annuities around 111 1 qr, New South Sea Annuities reg Bank at 142, Three per cent Annuities near 196 3 qrs, Royal Exchange Assurance at 109.3 8ths, African and English copper options, Mine Adventure Shares at 61, Emperor's and Exchequer orders with varied Per Cent rates, and multiple premiums and quarts noted.
A 25 year old seeks to lay out two thousand pounds to secure an annuity or rent charge for the life of the buyer. Enquire of Mr John Dovey attorney at law in Clement’s Inn.
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