The news that Ji's business was selling affordable grain was a big surprise for the people of Nanyang. Then it is bad news for the Yuzhou Grain Merchant Chamber of Commerce and Duiche Jiuming, and it is also a wake-up call for grain merchants from other places who have traveled thousands of miles to transport grain.
Che Jiu Ming was stunned when he heard the news.
When he reacted, his expression was ferocious. Ji Wuyin wanted him to die!
"Calculate how much food I have in my account now!"
"yes!"
The accounting room of the Che Mansion began to crackle with accounts.
The Che Mansion's accounting office is quite diligent and the accounts have always been very organized and clear, so they handed over the results very quickly.
Before Che Jiuming went to Liu's Bank to borrow money, he had no cash on hand, but 800,000 shi of food. After borrowing the money back, he spent five days eating a total of 167,000 shi of grain from Luoyang and Runan, spending about 430,000 taels.
Before he raised the price of grain to 280 cents per dou, he personally had about 370,000 taels of silver and nearly 970,000 shi of grain.
The Grain Merchants Chamber of Commerce sold grain at high prices for several days, and sold a total of about 50,000 shi, of which 30,000 shi was his share, and he received 84,000 taels.
In other words, he now has a total of 940,000 shi of food and about 450,000 taels of silver.
Now the grain price offered there is 120 taels per dou. If the other party really sets the price of grain at 120 taels, then the total value of the grain in his hands will be reduced by 1.5 million taels.
For a moment, his face turned gloomy.
The old accountant of Che Mansion hesitated for a moment, then reminded him, "Master, we still owe Liu's Bank a sum of money."
Che Jiuming certainly remembered that the term of the money was three months. As long as he pays back the borrowed eight hundred thousand taels of silver within three months, plus interest, that will be all.
But he is unwilling to pay back the money now.
Once the money is returned, he will be at the mercy of others. Moreover, if Ji's semicolon is implemented like this, the food will not be sold at a high price at all. To repay this money, he has to sell 350,000 shi of grain now to collect enough money to pay it back.
The old accountant was worried, "I'm just afraid that food prices will fall further..."
"Impossible!" Che Jiuming refused to think about this possibility.
If the Ji Chamber of Commerce does this, it will lose money on all the food it sells.
How much will they lose if they lower the price again? How much food does Ji have to defeat him?
Che Jiuming didn't believe how much food Ji still had in hand!
However, the cash he had in hand could only buy about 560,000 shi of food. There is still too little money!
The old accountant shook his head and sighed, and went out. The master is so stubborn.
Che Jiuming understood what the old accountant was saying, and he wanted him to admit it.
But his wealth suddenly shrunk by half, how could he recognize it? !
Che Jiuming gritted his teeth, "You want to kill me, in a dream!"
What the old accountant didn't know was that even if Che Jiuming was willing to lower the price, there was no chance. Luoyang would only set food prices lower than him.
When the news reached Mei Mansion, Mei Zishan and Zhou Beicheng were having dinner.
After hearing the news, both of them were shocked and at the same time frightened by Ji's firm.
Mother, is this Ji's last move?
They actually lowered the price of food to one hundred and twenty cents per dou?
Mei Zishan and Zhou Beicheng looked at each other. If they had not sold at one hundred (fifty) sixty yuan before, they would have lost even more now.
You know, some time ago, although Che Jiuming's efforts raised the price of grain to 280 cents per dou, there was almost no market for it. Che Jiuming took several grain stores under the Grain Merchant Chamber of Commerce to sell his own grain, but he didn't sell much.
If they hadn't run away quickly, they would really be losing blood now. Who knows if they would just hit their hands next? Now it is a small loss, which can be regarded as a blessing among misfortunes.
Runan
The news that Ji's branch sold large amounts of affordable grain swept Nanyang and surrounding towns like a wave.
Xie Zhan and others also quickly received the news.
Xie Zhan and the elites he brought from the Southland all gathered in the meeting hall.
Xie Zhan murmured, "This price is really cruel."
Xie Nan took a breath of cold air, "Is Liaodong County crazy? If we sell grain at this price, Liaodong County will lose money to death, right?"
"Yes, at this price, the more they sell, the more they lose." Xie Bai was also puzzled, "What is Liaodong County doing? It's completely harmful to others and not beneficial to oneself."
Xie Zhan did a quick calculation in his mind.
After arriving in Nanyang, they and Liaodong County sold a total of 600,000 shi of grain, Liaodong County sold 400,000 shi, and all the 200,000 shi of grain they brought here were thrown out.
Liaodong County's move and the sharp price reduction of grain directly caused the Yuzhou Grain Merchant Chamber of Commerce to lose about 800,000 taels.
"Liaodong County must have another plan." Xie Zhan said. He was not proficient in the trade of goods and farming, but he was well versed in human nature.
Xie Zhan knew very well that Lu Songli was not the kind of person who would let himself suffer.
Gu Huaisheng, who had been silent until now, spoke now, "Master Xie, I probably know what Liaodong County wants to do."
"What do they want to do?" Xie Nan was curious.
"Actually, they just want to provide disaster relief." Gu Huaisheng said with a complicated expression. They actually just wanted to provide disaster relief, but they thought it was complicated.
"Is this really your purpose? Just like what the common people say, to sell cheap food, be a good person, and help the court with disaster relief?"
The people present found it unbelievable, but they all knew that people from Liaodong County came to Nanyang to help Zhang Xian deal with Nanyang disaster relief issues. But is it really worth it to help at all costs?
"To achieve this goal, they need a lot of food, right? Where can they get so much food from Liaodong County?" Lu Fei immediately grasped the key point.
"Yeah, where did they get so much food?"
They calculated that before today, Luoyang had thrown out a total of 400,000 shi of grain. Now that we have affordable food, people are flocking here, so they should have a lot of food in stock.
"Liaodong County should have joined forces with the Ji family. The strength of both families is not weak."
"But, even so, Liaodong County and the Ji family need to prepare a lot of food, otherwise they will not be able to meet the food needs of the people of Nanyang."
"Preliminary estimates suggest that both of them will have to spend millions of stones of food. Will they be able to survive?"
At this time, a young man next to Xie Nan shouted.
"What's wrong?" Xie Nan turned to his nephew Xie Si. Xie Si was sixteen years old. He was brought out this time to give him some experience.
The others also looked over at the two of them.
Xie Si looked embarrassed.
At this time, Xie Zhan said, "If you have anything to say, just say it. No need to worry."
Xie Si then said hesitantly, "Someone came to me secretly a while ago and asked me if I wanted food. Now I remember that the person who came to ask me was the manager of a member of the Yuzhou Grain Merchants Chamber of Commerce."
Xie Zhan asked, "About when?"
Xie Si replied, "It was eight or nine days after we came to Runan."
"Why didn't you tell me this?" Xie Nan asked him sternly.
Xie Si feels wronged, and he doesn’t understand this either. At that time, they were all selling grain, so how could they possibly collect grain?
