Note 54 — Chapter XVII · DESCRIPTION OF THE COMPANY AND SHARE MANIA IN 1881.—EVENTS OF THE “BUBBLE YEAR.”—CAUSES WHICH BROUGHT THE MANIA ABOUT.—WHY COMPANIES WERE FIRST FORMED.—THE BARNATO CO.—THE CENTRAL CO.—THE FRANKFORT MINE.—THE COSMOPOLITAN CO.—WONDERFUL INVESTMENTS.—SLOW RETURN OF CONFIDENCE.
Reading edition
A great change has again taken place. The Rose Innes has been incorporated with the Central, and the shares of the latter company in the spring of 1886 were selling at about £160, though nine or ten months previously they were down as low as £20, and no demand even at that.