Chapter 408 Price War
Grain merchants with this idea immediately began a war to purchase official grain.
Two thousand dan, ten thousand dan, fifty thousand dan, two hundred thousand dan...
In just five days, major grain merchants in Shanxi and Shaanxi provinces purchased a total of 200,000 dan of grain from the Shanxi and Shaanxi Governor's Office at the price of ten taels of silver.
Mr. Zhou, the Foreign Trade Department, who personally led the business war, listened to the report from his subordinates, a sneer appeared on his calm face.
He said to himself: "Twenty-hundred thousand dans of grain, at the price of ten taels of silver per dan, is two million taels of silver. However, according to my understanding, all the silver in these grain merchants' hands is added up to tens of millions of taels, and they still have it..."
"So, if they want to make them lose all their money in this business war, they must take out the remaining eight million taels of silver in their hands."
"For this purpose, I will complete the important task assigned by the Grand Marshal to our Foreign Trade Department. I decided to find a way to add a fire to those grain merchants..."
Speaking of this, Mr. Zhou's face was covered by seriousness without realizing it.
He shouted to his subordinates in front of him: "Tomorrow continue to sell grain, but in order to give these grain merchants an illusion that we are almost unable to hold on and that the grain stored in the Governor's Office is about to be bought out. From tomorrow on, the price of grain will rise directly from the original ten taels of silver to twelve taels of silver per tumble."
The news of the price of official grain increased just now came in the two provinces of Shanxi and Shaanxi. A rumor that was very unfavorable to the Governor's Office was quickly spread in Shanxi and Shaanxi provinces like a plague.
"Because of continuous grain release, and most of the grain released by the Governor's Office was bought by grain merchants, and they were preparing to hoard them to further raise the price of grain and make a lot of money... The remaining grain in the granary of the Governor's Office was already very small, so the price had to be increased..."
For ordinary people, they must seize the last time and hoard as much food as possible to cope with a new round of surge in grain prices. At the same time, they are full of hatred for those grain merchants who take the lead in raising grain prices.
For those grain merchants, the fact that grain prices have increased and the rumors among the people directly proved everyone’s inference about the Shanxi and Shaanxi Governor’s Office...
In addition to feeding millions of residents in Shanxi and Shaanxi provinces, the Governor's Office has no extra grain to control grain prices.
Therefore, in order to complete the secret tasks assigned by the court to them and to make money, these grain merchants also seized the last opportunity to purchase grain from the Shanxi Governor's Office...
Then, after the Governor's Office had no food, they would sell it at a higher price and earn a large sum of money.
Under the crazy purchase of these grain merchants, in just three days, more than 500,000 dan of grain was once again entered the warehouses of all grain merchants in Shanxi and Shaanxi provinces.
At this time, the price of grain sold by the Governor's Office ushered in a new round of soaring, fifteen taels of silver per loo, which was three times that of before the commercial war.
Facing high prices and very confident in your own judgment, the grain merchants have no intention of retreating at all...
He took out the silver again and bought back a total of 200,000 dan of grain from the Governor's Office...
Just when all the grain merchants exchanged their families' silver for food and were preparing to make a fortune when there was no grain to sell in the Shanxi and Shaanxi Governor's Office. An accident happened.
The Governor's Office, which appeared to have no grain to sell, actually once again launched the sign of selling grain the next day.
Not only that, the price of grain sold by the Governor's Office was unexpectedly as low as five taels of silver per duct.
Of course, while the low grain price was sold, a piece of news was released by the Governor's Office.
"The Governor's Office has bought more than one million dan of grain from Jiangnan, which is enough for more than 10 million people in Shandong and Shaanxi provinces to persist in the autumn grain harvest. Please do not panic and do not raise prices..."
When we first heard these news, neither officials, gentry, landlords or ordinary people in the Shanxi provinces could believe it. Because it was well known that the imperial court blocked the Shanxi provinces.
Under such a situation, how could the Shanxi and Shaanxi Governor's Office buy grain from Jiangnan and transport it to Shanxi and Shaanxi provinces?
Could it be that the hundreds of thousands of troops stationed in Shanxi and Shaanxi provinces were decorated in front of the Tiger and Leopard Army?
However, when they really bought food from the Governor's Office for a price of five taels of silver per pound.
All the suspicions in their hearts disappeared immediately. Instead, they were excitement from the heart. Because, according to the Governor's Office of Shanxi and Shaanxi, from now on, the two provinces of Shanxi and Shaanxi will no longer have to worry about food.
Ordinary people were happy, but those grain merchants who had hoarded a lot of food were in tears...
During the seven or eight days of grain purchase, they have used up all the money in their family. All grain merchants are counting on the pile of grain in the warehouse to earn more money for themselves.
However, this action by the Shanxi and Shaanxi Governor's Office today not only shattered their hope of making money, but also lost all their money.
Because the grain they piled up in the warehouse was bought from the Governor's Office at a high price.
If they sell at a price of five taels of silver, they will lose more than five taels of silver for every chunk of grain they sell...
In this case, these grain merchants who were already making a fortune in this process of raising grain prices would certainly not sell their grain at such a low price.
They were waiting for a hope, hoping that the news from the Tiger and Leopard Army was only to stabilize the people's hearts. In fact, there was not enough food in the hands of the Shanxi and Shaanxi Governor's Office to stabilize the price of grain.
However, on the next day, they not only did not wait for the hope they imagined, but instead waited for greater despair.
The price of grain sold in the Governor's Office fell again, which was the same as the price of grain in Shanxi and Shaanxi provinces a year ago, turning into an unexpected four taels of silver per tumble.
Faced with the price of grain that has already shown a downward trend, some grain merchants with poor strength have to take out the grain to sell the same price as the Governor's Office in order to turn the grain into silver that can be circulated.
However, after this period of time, the impression of these grain merchants among the people has been reduced to the lowest point.
Therefore, even if they sell out the price of four taels of silver per lotus of grain, the grain shop will not be interested in it.
Ordinary people who are full of hatred for grain merchants will not buy grain from ordinary grain merchants even if they wait more in the Governor's Office and buy grain.
In this case, in order to turn grain into silver as soon as possible, these grain merchants had to further reduce prices based on four taels of silver...
There is a saying that in China, no matter what you do, there is no leader... However, as long as there is a leader, others will rush to follow the trend.
The same is true for the grain merchants who had accumulated a large amount of grain in the warehouse in front of them.
When they saw some alliances and exchanged grain for silver at all costs, they also became anxious.
As grain merchants in Shanxi and Shaanxi provinces, they are very aware of the situation of military farming in Shanxi and Shaanxi provinces.
In their plan, whether it is to raise the price of grain or hoard food and earn better benefits, it can only be carried out one month before the autumn grain harvest.
Now, there are only less than twenty days left before the autumn harvest. If you cannot sell the grain piled up in the warehouse within twenty days, a load of autumn grain harvest will give them a lot of ability, and you will not be able to continue selling the grain. In the end, you can only watch the grain you bought at a high price become moldy little by little, and the loss will be lost.
So, a difficult choice was placed directly in front of them...
If you continue to hold high-priced grain and don’t sell it, you may lose all your money... If you sell the grain at the current price, you will also lose a lot. However, at least you can still recover some money and not lose everything.
As a result, more and more grain merchants began to sell grain at low prices.
Not only that, in order to sell grain as early as possible and reduce losses, their price of grain selling has also become lower and lower. In just one day, it broke from three or nine cents of silver per lever to three or five cents of silver, and there was a further downward trend.
At this moment, no one would have thought that the grain merchants who were united together to join forces and rush the grain prices together. At this moment, for the sake of profit and in order to reduce their losses, they have become competitors invisibly, constantly lowering the grain selling price of the former alliance and selling the grain they have hoarded.
At this time, the Shanxi and Shaanxi Governor's Office had already invisibly controlled the grain prices of Shanxi and Shaanxi provinces.
As the director of the Foreign Trade Department, Mr. Zhou did not miss the opportunity to beat the dog in the water.
Just one day passed, and grain merchants from all over the country sold less than 50,000 dan of grain. The Shanxi and Shaanxi Governor's Office directly marked a lower price of three taels of silver per dan.
Faced with the continuous flow of food in the Governor's Office and the increasingly lower grain prices of the Governor's Office, the grain merchants dare not imagine whether the grain prices will fall further after tomorrow... If they continue to fall, how much money will they lose.
Therefore, in order to keep the food in hand as valuable as possible.
The price of three taels of silver and one pound of grain in the Governor's Office was just sold out, and the grain merchants successively sold out two taels and nine cents of silver, two taels and eight cents of silver, and even two taels and five cents of silver...
What these grain merchants did not expect was that Chinese people have had a habit since ancient times, that is, to buy ups and not downs.
Faced with the increasingly lower grain prices, the people of Shanxi and Shaanxi provinces have become hesitant and no longer buy food...
After continuous decline in grain prices, all people are looking forward to the fourth and even the fifth decline.
Therefore, ordinary people are waiting for a lower grain price before taking action.
Faced with this situation, the most anxious thing is still those grain merchants who hold a large amount of increasingly valuable grain.
Just when they were in panic, they began to burn incense and worship Buddha, begging for food prices not to continue falling. Mr. Zhou of the Foreign Trade Department sent them a document directly...
Chapter completed!