After the news of Ji's semi-colonial announcement of one hundred cents per dou of grain spread, the people of Nanyang were stunned. When they woke up, they were ecstatic.
"What kind of charity is this, Ji Daxiu?"
"What are you calling Ji Daxiu? From now on we should call him Ji Dashanren!"
Because the person who announced the reduction in grain prices was Ji Wuyin, all the praises from the people went to Ji Wuyin.
However, all the grain merchants, those holding large amounts of grain in their hands, were wailing.
The reduction in food prices means that they lose more from the food in their hands.
They just wanted to wait and see, but they didn't expect that the longer they delayed, the more they would lose.
Each of these people cursed the Ji family and the Liaodong Chamber of Commerce for being dishonest, and at the same time regretted not selling the food in their hands earlier.
Those who had cut off their meat, such as Tao Xun, and the grain merchants who had sold off their grain under Tao Xun's influence, were extremely grateful that they were running fast.
The contrast between the two waves of grain merchants is sharp.
"I really envy you." They have food in their hands, but now they are all worried.
"I advise you to throw it away as soon as possible." Anyway, when you come to Nanyang, you can cut your head with a knife and retract your head with a knife. If you cut it off early, you will have peace of mind.
"But if we sell it at this price, we will lose too much."
"Believe it or not, if you don't sell it now, you will lose more next time?"
"Are you saying that food prices are going to go down?"
"Who knows? The Ji's Company and the Liaodong Chamber of Commerce have joined forces and are coming in force. They may even push the price of food downwards."
"No? Are you still pressing?"
"What are they trying to do? Can the Ji family and the Liaodong Chamber of Commerce endure such a loss?"
"You're taking care of others. If you're worried about others, why not worry about yourself."
…
At this time, Che Mansion was simply going through a violent storm.
Che Jiuming smashed up the entire house and lost his temper.
After he felt a little better, he summoned the old accountant of Che Mansion to talk.
"Calculate the money and food we have."
The old accountant said, "Before the Luoyang branch of the Ji Chamber of Commerce announced the sale of cheap grain, the master had a total of 9.4 million shi of grain and 450,000 taels of silver in his name."
"During the period when food prices were 120 taels, we ate 180,000 taels of grain for six consecutive days. Including labor costs, we spent a total of 220,000 taels."
"Excluding the expenses of this period and the repayment of the young master's gambling debt. At present, we have 1.12 million dan of food and 150,000 taels of silver in cash."
Che Jiuming listened carefully. He knew very well that after this round of price cuts, his assets had shrunk by more than 200,000 taels again. This is equivalent to the entire fortune of a medium-sized merchant. When he thought of this, his heart sank.
"I owe Liu's Bank 800,000 taels. If you add interest, it's 854,000 taels. Master, what should we do next?" The old accountant's voice was also very heavy. The situation is very critical now. If you don't pay attention, , will go bankrupt.
The old accountant advised him, "Keep the green hills here, so you don't have to worry about running out of firewood."
Che Jiuming silently calculated an account in his mind. If they wanted to repay the money they owed Liu's Bank at this time, they would have to sell at least 700,000 shi of food. Then all his assets were only 450,000 shi of food.
After finishing the calculation, he didn't say anything. How could he still have Qingshan?
At this time, the concierge came to report, "Sir, Shopkeeper Lin and Shopkeeper Mo would like to see you."
These two people were his followers. Che Jiuming nodded, "Invite them in."
The old accountant on the side was worried. As the saying goes, good fortune never comes in pairs, and misfortune never comes alone. Shopkeepers Lin and Mo came to visit at this time, so I'm afraid it might be up to no good.
Sure enough, as soon as the two entered the door, they cried and begged Che Jiu Ming, "President Che, in order to respond to your call and advance and retreat with you, we all borrowed money from Liu's Bank, and then all the money was used for food. Food.”
"Now the Ji family has lowered the price of grain to one hundred cents a dou, and we are all facing the edge of insolvency. President Che, you have to help us."
"Yes, people from Liu's Bank came to our door just now. They need us to deposit a deposit into the bank. Otherwise, they will be forced to perform the contract if we become insolvent. They gave us three days, Chairman Che, Can you just help us?"
The two of them begged and kept their posture very low. They were not as big as Che Jiu Ming's family, so they borrowed 800,000 taels from Liu's Bank at once. The two of them borrowed 200,000 taels and 300,000 taels respectively. two.
I originally thought I would take advantage of the opportunity to make a fortune and double my assets, but I didn’t expect that I would go bankrupt!
They regret it now, so much that their intestines are blue with regret.
Che Jiuming looked embarrassed, "I can't protect myself in this situation, and I really don't have the energy to help you." It's a joke, it's already this time, how can he lend out the small amount of money?
Shopkeeper Lin and Shopkeeper Mo looked at each other with ugly expressions on their faces. They didn't expect that Che Jiuming would turn his back on him!
Che Jiuming added, "However, listen to me, with this grain price, the common people will definitely be restless. Can the Ji's branch cope with the surging demand for grain purchases from the common people? So, money I think you can borrow it from your relatives. It will be fine once you get through this period and get over the difficulty."
The two came with high hopes, but failed to borrow money and could only leave in despair.
But they listened to Che Jiuming's words and decided to believe him again. At this stage, there was nothing they could do if they didn't believe it.
The two of them were lucky enough to go back and borrow money from relatives and friends. It's a pity that they have borrowed money from their relatives all the time, and even those who are still able to help them don't want to waste their money by lending them money.
When the Ji family sold a large amount of grain to the people at a price of one hundred cents per dou, the foreign grain merchants who had grain in hand could not sit still.
This group of people found Ji Dashao and Wu Ren through their friends and wanted to give them the food they had at once.
This time, the Ji's Company and the Liaodong Chamber of Commerce Alliance did not purchase the grain in their hands at a price of one hundred cents per dou, but lowered the price and were only willing to pay a price of ninety-five cents per dou.
At this time, they have entered the harvest period and will not show mercy. The reason why we purchased the food from Tao Xun and others at a price of 120 cash was because we were optimistic about them, so we didn't lower the price. We just treated them as friends.
The price reduction behavior of the Ji's Company and the Liaodong Chamber of Commerce made the grain merchants who came to inquire very angry. They thought, they might as well sell it themselves.
Countless foreign grain merchants chose to sell their grain, and a squeeze formed.
The price of food is gradually falling, one hundred cents per dou, ninety-eight cents per dou, ninety-six cents...
The lowest price was ninety-five cents, and there was no price any lower. The grain merchants were reluctant to sell.
And if the price is lower than ninety-five cents per dou, they might as well sell it all to the Ji family and the Liaodong Chamber of Commerce.
