Chapter 223 Trading Floor
It has to be said that the people under Fucha Botai are quite capable, and they have also learned to control prices by spreading rumors.
It's just that they have no official status after all, so the rumors they spread are not very powerful, and naturally they have little impact on prices.
But at least they were allowed to purchase more than 12,000 kilograms of tobacco leaf contracts at an average price of thirty-seven taels.
This price is lower than the previous price forcibly purchased from Furonghang. Fucha Botai is quite pleased with this.
Although the momentum of price increase has slowed down, it has also reached the latest height of forty-six taels.
At this price, Fucha Botai has already made a small profit. Although the profit is less than 100,000 taels of silver, it is finally a profit.
And according to the news, the tobacco leaves have arrived in Dasheng and will be delivered in less than a month.
In fact, most of those who have contracts in their hands are not involved in the business of buying and selling tobacco leaves. Especially for such a large amount of tobacco leaves, they may not be able to sell them, so some people have begun to slowly release the contracts in their hands.
When the goods are released at this time, not only will they not fall, but they will rise slightly. After all, the risk period has passed, and the merchants selling tobacco have to buy goods.
Now that the news has been confirmed, Fuccardo has also begun to sell goods. After all, he doesn't like the small profits of wholesale to merchants. What he wants is to give Fuccardo a report card. In his father's case,
Show off with all the brothers.
I have to say that this cup was filled by him.
Not only in front of Fucha Botai's brothers, but also in front of his uncles, and even in front of other tribal chiefs attached to the Fucha tribe, Fucha Erduo expressed his praise for Fucha Botai.
In fact, there are people behind the scenes who are dissatisfied with this, especially Botai's brothers. They spent four to five million in capital and earned less than half a million taels of silver. How dare they brag about it.
As for this thing, it doesn't matter if you have hands.
At the same time, Tan Yuan was also high-spirited. Even though he was still a small seventh-grade county magistrate, he felt that during this period, he was even more prosperous than when he was the minister of the Ministry of Civil Affairs.
Liqunxing, a Shanxi merchant, also made more than three million taels in this wave, while Tan Yuan received a benefit of a full one hundred thousand taels.
After three years of clearing the prefecture, he received one hundred thousand snowflakes and silver.
Even if Tan Yuan continues to stay in the position of Minister of the Ministry of Civil Affairs, he will not be able to earn so much money in less than two or three years.
The most important thing is that the court will not pursue this money.
In this situation, even if the imperial court gives him a promotion, he will not do it anymore. He is an official for thousands of miles just for money. If he clings to Yang Xuan, a money tree, he is still afraid that he will not be able to make money in the future.
And Yang Xuan himself also made a lot of money this time, more than two million taels of silver.
All in all, with this hype, basically everyone made money, and it can be said that everyone is happy.
Because of the four-wheeled carriage, this year's tobacco leaves arrived earlier than in previous years, and delivery began in April.
When the tobacco was delivered, it was really lively in front of the warehouse of Shengfa Department Store, and many merchants with contracts began to take delivery of the goods.
Even though the price of this tobacco leaf has increased tenfold, they are not worried about those people on the grassland not buying it. After all, this stuff is addictive.
Although the high price will scare away some ordinary consumers, it will attract high-end customers more. It is conceivable that those who can afford to smoke tobacco in the future will be a symbol of status. If you don’t hold a tobacco stick in your hand,
People will look down on you.
Just when everyone was happy, an announcement from Shengfa Company made everyone almost crazy.
Shengfa Company stated that tobacco leaf ordering contracts for the second half of the year will be on sale soon.
And based on the sales volume in the first half of the year, there will be an order contract for 40,000 kilograms in the second half of the year.
However, given the market prices in the first half of the year, the price of this order contract has increased.
The contract price of each tael of tobacco rose from 4 taels of silver in the first half of the year to 30 taels.
This price immediately scared off many merchants who came with banknotes and prepared to grab the order contract.
Thirty taels of silver and one tael of tobacco leaves. Even if it rises to fifty taels by then, the profit will still be much lower than in the first half of the year.
But just when everyone was hesitating, Liqun and Furong were the first to take action, and one family grabbed the five thousand kilograms order contract.
As for why it is five thousand catties, it is because Shengfa Company said that in order to prevent one company from becoming dominant in the market, each company can only order a maximum of five thousand catties.
At this time, everyone couldn't hold it any longer, and the remaining 30,000 kilograms of contracts were sold out in an instant.
This time, it seemed that everyone had discussed it, and after the contract was obtained, no one was willing to take action, and everyone kept it in their hands.
Even so, in the teahouse next to Liqun Hang, there are still people squatting there every day. As long as someone is willing to hand over the contract, someone will take it away immediately.
But soon some people realized that if this continued, the price would not be able to rise.
The price of the purchase is thirty taels, and when the time comes, the price will be at most the price of twelve or eighty taels. In terms of cost, it seems not worth it.
As a result, some people gradually became shaken.
Especially after another group of high-rollers came to the grassland, everyone couldn't stand it anymore, because the high-rollers on the grassland directly raised the price to forty taels.
Instead of waiting to earn the price difference of ten taels when the tobacco leaves are delivered in the second half of the year, it is better to pay it now. After all, the cost of these thirty taels is really a bit high.
As contracts circulate, prices gradually begin to rise again.
In fact, what everyone doesn't know is that this time, there is an undercurrent.
First of all, of the remaining 30,000 kilograms of the contract, Fucha Botai won two thousand kilograms. He had tasted the benefits, how could he miss this opportunity.
Then there are the prairie tycoons who raised the price to forty taels, the brothers of Fucha Botai.
Who doesn't know how to earn this kind of money? How can you be embarrassed in front of your father alone?
Next, the Eight Immortals cross the sea and show their magical powers. After seeing the price fluctuations caused by rumors last time, Botai's subordinates and other merchants are spreading gossip all the time.
Then the contract price began to fluctuate.
Merchants who understood the rules of the game began to innovate in the rules, and various tricks were played one after another. Whenever someone couldn't bear the pressure and took action, they would be swallowed up immediately, and even short-selling operations occurred.
That's right, Yang Xuan took the lead in the short selling operation.
To be precise, it was done by Shengfa Bank. The merchants used the funds stored in Shengfa Bank as collateral to misappropriate someone's tobacco contract, sell it at the current price, and then wait for the price to fall, then purchase the contract and return it to the other party.
In this way, the merchant who lent the contract earned a certain amount of interest, while the short seller earned the price difference and Shengfa Bank earned handling fees.
As a result, those people who had previously gathered at the teahouse next to Liqunhang all gathered at Shengfa Bank.
The bank also took the opportunity to set up a trading floor. All contracts can be listed for sale, with prices and units marked. The bank acts as a guarantor to ensure the safety of both parties to the transaction and avoid fraud or fraud.
Chapter completed!