Romanian Eagle
Chapter 70 The Rubber Crisis 5
Now Shanghai's dignitaries and wealthy ladies have joined the rubber market. A large amount of gold and silver jewelry has been mortgaged and sold to buy stocks, and the income obtained by officials also bought stocks.
At the home of Chen Yiqing, the owner of Zhengyuan Bank, he invited Dai Jiabao, owner of Zhaokang Bank, and Lu Dasheng, owner of Qianyu Bank, to discuss the rubber market together.
After some courtesies, Chen Yiqing, the host, was the first to ask. What do you think of this rubber market?
A lot of people have made a fortune this time in the rubber boom. It's hard to say whether the price can go up now. Lu Dasheng of Qianyu Bank replied.
Yeah, I also think the increase in rubber is a little too fast this time, so I don't dare to try it out. Dai Jiabao also expressed his opinion.
After hearing the words of the two, Chen Yiqing talked about his investigation. I didn't quite believe it before, but I sent someone to investigate and found out. The United States imported 71 million taels of rubber last year, and England also imported 11 million taels. In addition, other countries have more rubber in a year. There is a market of hundreds of millions of silver. Not to mention that the price of rubber is now 621 dollars per pound, and the production cost is very low, so it is a profitable business.”
When the two heard the results of Chen Yiqing's investigation, they knew that this person was also moved. So according to what Brother Yiqing meant, we did it last time?
That's what I think, the three banks of ours alone may have a small plate. I plan to find the five banks of Senyuan, Yuanfeng, Huida, Xieda, and Jinda who have close contacts to do it together. We will be the owners and they will help. , look at it all.
The two heard what Chen Yiqing meant. It seemed that this man was planning to make a big deal. Dai Jiabao wanted to know how much he planned to make, so he asked. Brother Yiqing, there is a gold master standing behind you. If you have less, you can't justify it.
The sponsor Dai Jiabao said was Shi Dianzhang, who was the prefect of Guangzhou and was later transferred to the general revenue and expenditure of the Sichuan-Hanzhou Railway Company, in charge of the railway company funded by the Sichuan people. Now he has 3.5 million in railway construction funds, and he has put 2 million in Chen Yiqing's bank for him to operate. He is a veritable big money owner.
The three of us add up to only 6 million taels. I think it is still too little. I plan to have tens of millions of taels to make this rubber plate.
After the two heard Chen Yiqing's words, they both felt that this man was really ambitious. This was to control the rhythm of the rubber market.
Seeing the silent two, Chen Yiqing asked. Dare to do it with me, as long as we succeed, we can all make a fortune.
Lu Dasheng, who was inspired by Chen Yiqing, replied. Brother Yiqing wants to be a big one, and I will accompany you as a guarantee. After all, my Qianyu Qianzhuang also has your share.
Dai Jiabao, who was awakened by Lu Dasheng's words, secretly scolded confused, Chen Yiqing also has a share in his own bank, which is not too small. Now I can only walk with him for a while. also mentioned. I'm also willing to accompany Brother Yiqing for a walk.
Seeing that both of them agreed, Chen Yiqing said with a smile. Cheer up, then we'll just play him live.
After delivering a heroic speech, Chen Yiqing continued. When the two of you go back, you can issue more banker tickets and raise money. We will make up for the money we make.
After some deliberation, the two left Chen's house and prepared to go. After seeing them off, Chen Yiqing went to the study, and planned to write letters to the five closely-connected banks, namely Senyuan, Yuanfeng, Huida, Xieda, and Jinda, and let them also enter the field to work together in the popular rubber industry.
Within two days, Chen Yiqing's letter was placed in the hands of Yan Yibin, the owner of Senyuan Bank. This Yan Yibin is a red-topped businessman, and he is too popular. He has three banks, one is Senyuan Bank, and the other is Yuan. Fengrun Bank and another one called Yuantong Bank. In this Yuanfengrun Bank, you can see that he is completely red.
Yuanfengrun is the largest bank in Shanghai and one of the largest banks in China.
He has branches in Hankou, Tianjin, Beijing, Guangzhou and other places, and he has 17 branches nationwide. In his bank, there are not only the deposits of ordinary people, but also a large amount of government funds, customs tariff income, and war indemnities paid to foreign powers on a regular basis.
Now, after reading Chen Yiqing's letter, Yan Yibin, who is so red, is also thinking about the gains and losses secretly. Now the good performance of the rubber makes him excited, but he is also clear about the risks. After thinking for a while, finally greed blinded the heart of the red-topped businessman. He replied to Chen Yiqing that he would support this speculative operation of Zhengyuan Bank.
Chen Yiqing, who was waiting at home, received replies from these five companies, all willing to enter the rubber market together. Chen Yiqing was overjoyed when he got the news, and now he is full of energy and has the spirit to guide the financial world.
Subsequently, a large number of funds from the bank entered the market. Among them, Chen Yiqing's Zhengyuan Bank, Zhaokang Bank, and Qianyu Bank invested 7 million taels of silver, and the stock price reached a new high. Shanghai's star stock Willis Rubber stock broke through 500 taels in one fell swoop. mark.
At this time, the banking community represented by HSBC announced that it would accept the payment for goods secured by the stocks of 14 rubber companies including Willis. Subsequently, Chinese banks followed suit, also announcing that they could use stocks as collateral. Stimulated by these two good news, the crowd has gone completely crazy, completely unable to listen to the voice of persuasion, a large number of people began to mortgage to buy stocks.
Seeing the gradually rising prices, Stry and the others also felt that it was almost the same. Willis company Nestrie arranged for two assistants. We can release our stocks slowly, and I believe there will be good harvests.
I'm going to release our stock right now. Stocker, who was impatient before, completely agreed with this. He has been intimidated by the current stock price, and now the ten times the issue price makes him uneasy.
Stockel, don't be in a hurry. We have a lot of stocks in our hands. Three to four months is a reasonable release time. It must be released slowly and safely. Seeing his eager mood, Stry warned again and again. Speaking of.
Okay, I will pay attention, and I won't let others find out. Seeing Stry said solemnly, Stocker also knew that it was a big deal, and it was related to whether they could evacuate safely.
Felix told the other group that we were starting to release stocks to coordinate with each other.
Okay, I'll bring them news. Felix replied to Stry's arrangement.
Their subsequent slow release of stocks caused no turbulence in the frenetic stock market. After it was fully released in April, Willis' share price has exceeded the 1,000 mark. Now Shanghai, the largest financial center in the Far East, is also in a state of no cash.
Now Stry and the others know that they need to prepare for a safe evacuation.
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