There were so many people crammed into such a small space, and so many chimneys belching so much smoke. It's hard to believe the nickname on a day like today, with blue skies and clouds more puffy than forbidding.
But Auld Reekie it was, and Auld Reekie it has remained — though it's now just a term of endearment.
(Victoria Street, said to be the inspiration for Diagon Alley in the Harry Potter books.)