. Capel Court is off to the east.
Capel Court has little to offer unless, of course, you happen to be involved in the lucrative profession of stockbroking. This short walkway, leading up to the entrance of the St
ock Exchange is lined with modern offices; quite a different scene from that viewed by Sir William Capel as he looked out from his drapers shop around the turn of the 1
5th century. He was elected Lord Mayor in 1
509 and during that year financed the building of a chapel adjoining the south side of St
Bartholomew-by-the-Exchange. Six years later the members of his Company carried him out of his shop in a coffin and laid him to rest in his chapel.
Exchanging of stocks and shares saw its beginning in 1
773 with a gathering of St
ock Market brokers who met daily in Jonathon’s Coffee House, Change Alley
. When City business men became hooked onto the idea of buying and selling stocks, and Jonathon got tired of his shop being used as an office, the brokers sought permanent premises. They settled for a central site near to St
Bartholomew’s church and the first purpose built St
ock Exchange opened its doors in 1
. Over 1
60 years later the old building came to the end of its days and was replaced by a twenty-six storey block, trading floor, and visitors gallery, completed in 1
973. Until the time of the ‘Big Bang’ in October 1
986 the trading floor of the St
ock Exchange could be likened to a market place on a Saturday morning. Now that dealing has been computerised and the procedure of buying and selling brought into line with modern day methods the trading floor is almost deserted.
Bartholomew’s, originally known as Little St
Bartholomew’s to distinguish it from the ‘Great’ at Smithfield, stood on the south east corner of Bartholomew Lane
, a few strides from the Court. The date of its original foundation is unknown but the last church on the site was built about 1
435 by Alderman Thomas Pike and Nicholas Yoo, a Sheriff of the City. It was demolished in 1
840 and the site sold to the Bank of England