Stock Exchange

Names

  • Stock Exchange
  • New Jonathan's Coffee House

Street/Area/District

  • Threadneedle Street

Descriptions

from London Past and Present: Its History, Associations, and Traditions, by Henry Benjamin Wheatley and Peter Cunningham (1891)

Stock Exchange ... The Stockbrokers originally met at New Jonathan's Coffee-house in Change Alley, and on July 14, 1773, they "came to a resolution that instead of being called New Jonathan's it should be called 'The Stock Exchange,' which is to be wrote over the door, the brokers then collected sixpence each, and christened the house with punch."

from London Coffee Houses, by Bryant Lillywhite (1963)

891. New Jonathan's Coffee House 'in 'Change Alley'.

1773
Wheatley quotes the wrong address here when writing on the Stock Exchange. (London Past & Present, 1891.)

See New Jonathan's Coffee House, Sweeting's Alley, Threadneedle Street. No. 892.

from London Coffee Houses, by Bryant Lillywhite (1963)

892. New Jonathan's Coffee House, 'at the corner of Threadneedle Street and Sweeting's Alley'.

1773
This house was established in 1773, when a body of stock-brokers left Jonathan's Coffee-house Exchange Alley. Both Wheatley 1891, and Thornbury, 1897, quote 'from an old paper dated July 15, 1773'. The former mentions 'Change Alley'; the latter gives no address. The report reads: 'The Stockbrokers originally met at New Jonathan's Coffee-house in Change Alley, and on July 14, 1773, they came to a resolution that instead of being called New Jonathan's, it should be called The Stock Exchange, which is to be wrote over the door, the brokers then collected sixpence each, and christened the house with punch.' The title 'New Jonathan's Coffee-house' was obviously very short-lived.

See Jonathan's Coffee House, Exchange Alley. No. 656.

New Jonathan's. No. 891.

Stock Exchange Coffee House, Sweeting's Alley. No. 1271.