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South Sea Bubble and Lottery Subscriptions Collapse
In July the South Sea Company opened books for six million in Lottery Tickets and Short Annuities. Many subscripts were sold at high profits before the market fell, with capital stock dropping from above 3000 to 930 as the month closed. Reports say the company faced rising doubt and cautious trading as the midsummer dividend was noted.
MENTIONED IN THIS ARTICLE
England
South Sea Company
Fuly
South Sea House