Chapter 19 Spring Cocoon Production Reduction
Fulixing Tea Shop offered a price of 27 taels per dan, and the news of a large supply soon spread. The tea market was in an uproar, and the price of 27 taels was no less. Even if the tea price could reach 30, there was only a profit margin of 30 taels. If it could not reach 30, the profit would be even smaller. If it was not good, there would be a possibility of loss.
Twenty-five and six, it is acceptable, Twenty-seven, most speculators are a little nervous and dare not take action easily, and they all wait and see. Tea merchants with tea leaves at hand are also waiting and watching, neither lowering the price nor selling tea.
The Fulixing Tea Shop, the initiator, naturally became the focus of attention in the tea market. From time to time, people came in to ask how many tea leaves there were in the tea shop. Xue Qigui was very annoyed when asked, but he knew that behind these people who dared to come to inquire were either wealthy businessmen or giants. Generally, they bought hundreds of dans, and one or two thousand dans would not find out how many of them were. Therefore, although he felt annoyed, he had to be patient and perfunctory.
Xiguan, Tong'an Street, Yuanqi Bank Guangzhou Branch.
Liang Jiemin, the general manager, has been very busy these days. He has to buy money shops in Guangzhou, and also to meet the shopkeepers and bosses with branch signs in prefectures and towns below, and began to make arrangements in prefectures and counties below. Guangdong has nine prefectures, seven prefectures, and seven prefectures and seventy-nine counties. If you want to unify it, the workload is not ordinary.
Fortunately, he was familiar with the shopkeepers of the Qianxing in Guangzhou, and knew the abilities of the shopkeepers. In addition, the bank club also had a group of capable personnel. Although the Guangzhou branch had only been established for a few days, it was strong and busy, and was not chaotic. All matters were handled in an orderly manner.
After seeing off the two shopkeepers, Liang Jiemin was about to instruct the clerks to bring a group of shopkeepers, but the clerk hurried in to report the report: "The chief shopkeeper, a guest is here to pay his respects." He said that, bowed and handed over the famous post.
There were three words written in the middle of the famous post. When He Shutai and Liang Jiemin saw it, they hurriedly said, "Hurry, please invite me." Then they stood up and went out to greet him. He Shutai was a famous silk merchant in Shunde, and the two were cousins. Naturally, he would not take it big and wanted to welcome him in person.
He Shutai was in his early forties, with long beards, a fair-looking and moderate figure, and a long gray gown. His outfit was unknown and thought he was a scholar in a sacred manner. When he saw Liang Jiemin greeting him, he hurriedly stepped forward and bowed, saying, "I haven't seen you for a year, can you be safe?"
"Okay." Liang Jiemin smiled, looked him up and down, and then said, "Why is Zi'an dressing like this?"
"I don't dare to show off when I'm out." He Shutai said with a smile.
The two of them exchanged a few greetings and slowly walked into the room. After sitting down, Liang Jiemin asked: "Now it is the spring cocoon and the season for scales to be opened and dried. How can Zi'an have time to come to Guangzhou? Is there something important?"
He Shutai said: "There is a lot of rain this year and it is colder. Not only does spring cocoon production be reduced, but it will also be later on the market."
"Production reduction? Is it awesome?" Liang Jiemin asked with concern.
"It's estimated that it's two or three percent." He Shutai said, hesitating for a moment before saying, "How could cousin be Yuan Qi's chief shopkeeper?"
Many people in Shunde open money shops in Guangzhou. The Guangzhou Bank Hall was disbanded, and Yuanqi unification of the Guangzhou Money Store was a hot topic. How could He Shutai, a famous silk merchant in Shunde, not know the reason? Liang Jiemin glanced at him and said, "Is it because Zi'an came to Guangzhou for the Shunde money shop?"
"I'm not here to be a lobbyist." He Shutai smiled and said, "Yuan Qi's actions are beneficial to the people and merchants. I hope Yuan Qi can open a semicolon in Shunde." He knew that Liang Jiemin was busy and did not go around the circle. After a slight pause, he asked, "Guangzhou tea collapsed, the money bank suffered a lot of losses. After the stock Yuan Qi was attached, will all the debt be returned to Yuan Qi?"
Liang Jiemin said in confusion: "Why is Zi'an concerned about this?" As soon as he thought about it, he reacted and said: "Zi'an wants to speculate on the tea market?"
He Shutai nodded and said, "The silver for purchasing Chuncoon and raw silk has been prepared, but Chuncoon's listing has been delayed and production has been reduced a lot. I heard that the tea market is profitable, so let's take a look."
Liang Jiemin smiled bitterly and shook his head, saying, "The reason why Yuan Qi was able to unify the money market in Guangzhou was to make good use of the collapse of the tea market. Why did Zi'an come to this muddy water?"
"Will Yuanqi raise the price of tea?"
"Of course," Liang Jiemin said carefully: "Most of the money banks with stock Yuanqi are losing money due to the collapse of the tea market. Yuanqi will naturally raise the tea price and reduce the losses of the money banks with stock. This is beyond doubt, but it is unknown how to raise it and how high it is raised."
"The tea price collapsed from 32 taels." He Shutai said slowly: "During this, after the rescue of the bank guild, it was suppressed again. It can be said that the loss is quite large. If Yuanqi wants to reduce the losses of the money bank with the stock, it must at least raise the tea price to more than 30. If it is a joint force with the Tea Association to resist England's suppression of tea prices, it is likely to raise it higher, or even exceed the 32 price, setting a new high."
"This is hard to say." Liang Jiemin said: "English suppresses tea prices. Rumors are related to the East India Company. It is also rumored that the company has stockpiled a large amount of tea and sold it in London. Tea exports this year may be greatly affected..."
"My nephew doesn't understand tea." He Shutai humbly asked: "How much tea can be purchased from Guangzhou in the West in a year? Are they inseparable from tea like Mongolians?"
"The export of tea is 500,000 dan a year," Liang Jiemin said: "Such large amount is enough to show that Westerners cannot live without tea. According to President Huang of the Tea Industry Association, the export of tea this year may be reduced by 100,000 dan."
"In this way, the tea price will only increase to 38 to make up for these 20% of the losses." He Shutai said with a smile.
Seeing that he was full of confidence, Liang Jiemin hurriedly said: "Zi'an should not be blindly confident. The tea market is extremely risky, so don't take risks."
"Don't worry, cousin, my nephew is a greedy person." He Shutai smiled and said, "Now the price of tea has been raised to twenty-seven, and my nephew will leave after making a profit."
The stalemate in the tea market did not last long. In less than half an hour, tea shops and tea merchants successively offered 26 taels and five cents. Although the difference was only five cents, it quickly caused a rush to buy. The amount sold by these tea shops and tea merchants was not large, which successfully triggered the popularity of the tea market.
The price of tea has been rising all the way, twenty-six taels and six qians, seven qians, eight qians, and nine qians. The higher the price, the larger the number of tea leaves sold. In the afternoon, the tea price successfully exceeded twenty-seven qians.
The price of Fulixing Tea Shop has not changed. When the price of the tea reached 26 taels and nine cents, several middle-aged men in poor clothes walked in, and the beautiful mustache was also among them. Seeing Xue Qigui coming up, the leader took out a stack of silver notes without saying a word and said, "How many words are there from the shopkeeper Xue?"
Xue Qigui knew at a glance that he had bought it with sincerity. He immediately bowed his hand and said with a smile: "Forty-two thousand dans."
"The price will not increase again, right?"
Xue Qigui smiled and said, "What happened in the morning is intended to test it, so that the guest officials will laugh."
Chapter completed!