lovenovelstory Chapter 75 A Spirit That Can Swallow Ten Thousand Miles, Like a Tiger
Chapter 75 A Spirit That Can Swallow Ten Thousand Miles, Like a Tiger
The tulip mania began in the Netherlands in the seventh year of the Chongzhen Emperor's reign.
Tulips, which originated in the Ottoman Empire, were introduced to the Netherlands and were initially worth only a few dozen or a hundred Dutch guilders.
In the following years of speculative frenzy, the price was driven up to hundreds, thousands, or even tens of thousands, until the bubble burst in the tenth year of the Chongzhen reign.
Prices collapsed rapidly; tulips that cost thousands of guilders were eventually worth only a few dozen guilders.
Zhang Kun doesn't intend to hype up the tampons to that high a price; otherwise, if something serious happens, he might have to step in to quell public anger.
Moreover, the tambaku is very different from tulips and is already being cultivated on a large scale in the south, so there is limited room for speculation.
It's already over three taels of silver. How many more taels can it go up to? Five taels? Ten taels?
It's time to move on to the next step!
The following day, Zhang Kun, in conjunction with major salt merchants, announced that Nanjing Jinyun Shipyard would be publicly selling shares in its warehouses.
A total of one million shares were sold, with 300,000 shares to be sold at one tael of silver per share, in the new form of "stocks".
Thanks to the hype surrounding Danbagu, the Nanjing Jinyun ship has become a household name in Nanjing and even throughout Southern Zhili and Zhejiang.
According to information released by Zhang Kun, the Nanjing Jinyun ship currently holds more than 600,000 jin of raw rice.
According to the latest market price, it is worth more than 180 million taels of silver!
Nanjing Jinyunhao was still a royal store, and it could monopolize the raw rice market in Southern Zhili and Zhejiang.
Taking Jin Yunhao in Zhili and Shandong as a reference, its monthly net profit can reach more than 10 taels!
Now they're releasing 30% of the shares for only 300,000 taels!?
Let's go!
The first batch of 50,000 shares released by Nanjing Jinyun were snapped up in just half an hour.
Moreover, after that night, fake stocks appeared on the market, and many people were deceived.
The following day, the second batch of 50,000 shares was offered by Nanjing Jinyun at a price of two taels of silver per share, but it was still snapped up immediately.
Because in the market, the price of Nanjing Jinyun has been driven up to three taels per share!
When the third batch of 50,000 shares was issued, Nanjing Jinyunhao booked several teahouses and restaurants near its main store.
They changed it to 100 shares per unit, and then sold them one by one, with the highest price being five taels of silver per share.
After the release of a total of 150,000 shares in the fourth, fifth and sixth batches, the price remained at a high level of four taels per share!
In just six days, Zhang Kun exchanged 30 sheets of mulberry bark paper for 117 million taels of silver!
This is called first hyping up the theme and concept, then hyping up the leading stock!
Zhang Kun, who had been a sucker for many years before his time travel, was moved to tears. Being a big player is so great!
This was to repay the debts of the major salt merchants, as well as half of the payment and transportation costs for their acquisition of Tambaku.
After deducting the payment made by Nanjing Jinyun for the purchase of raw rice, the net profit was 74 taels of silver and 45 catties of raw rice!
Of course, these earnings belong to the Nanjing Jinyun ship, not to Zhang Kun personally.
Zhang Kun also made a fortune, receiving bribes totaling over 10 taels from major salt merchants such as the Zheng and Wu families.
Zhang Kun lent the 10 taels to the Nanjing Jinyun Shipping Company, earning several thousand taels in interest.
Zhang Kun also brought extremely generous returns to the major salt merchants:
Led by the Zheng family, major salt merchants currently hold approximately 400,000 shares through investments of goods and silver.
Its price has already risen to over 160 million taels on the market, which is three to four times the cost.
In addition, 150,000 catties of raw bamboo shoots held by major salt merchants were all bought by Nanjing Jinyun Company at a price of 1.8 liang per catty.
Including the previous sales and the profit from the sale to Nanjing Jinyun, the net profit was over 100,000 taels.
In addition, there are merchant slots for the Nanjing Jinyun, each worth tens of thousands of taels of silver.
Everyone seems to be making money, so who is losing money?
First was the Nanjing Jinyun.
Zhang Kun sold 700,000 shares of Nanjing Jinyun, which is 70% of the equity.
Selling one's father's land without a second thought is like selling a son's property; the Nanjing Jinyun ship doesn't belong to Zhang Kun, so it should be sold if necessary.
Moreover, if the Nanjing Jinyun ship project fails, the shares will be worthless.
Secondly, there are the minority shareholders who hold the stock.
When Zhang Kun was promoting various positive factors, he didn't tell them that the current price of danbagu (a type of wild rice) was artificially inflated.
The 600,000 catties of raw rice held by the Nanjing Jinyun ship were not worth 1.8 million taels at all.
The net profit of Jin Yun Hao was indeed over 10 taels per month, but 8 taels had to be paid to the palace and the court!
Moreover, it would be difficult for Nanjing Jinyunhao to achieve the same high degree of monopoly over the raw rice market in Southern Zhili and Zhejiang as Jinyunhao.
Then there are the speculators who participated in the Tambako speculation.
As funds were absorbed by Nanjing Jinyunhao's stock and Nanjing Jinyunhao's purchases were greatly reduced.
The price of tung oil began to fall rapidly, dropping below two taels of silver per catty, and continues to decline.
Hundreds of people have lost everything, some even losing their families and lives.
Finally, there were the Danbagu merchants from Southern Zhili and Zhejiang.
In fact, most of them made a profit, since they had the most spot goods before the price of tung oil was driven up.
However, this surge in the price of tung oil has disrupted their normal production and operations.
When the price of tampongolica rose to over three taels of silver.
Some businesses simply closed their stores, dismissed their managers and employees, and poured all their funds and energy into speculation.
Although the price of tuna has fallen, the amount of spot tuna they hold is much less than before the price surged.
If we want to maintain the scale of our operations in previous years, we must purchase tuna from Nanjing Jinyun!
The Nanjing Jinyun shipyard not only held 700,000 to 800,000 taels of cash, but also had the support of major salt merchants.
Even more critically, the drop in tambak prices is beneficial to Nanjing Jinyunhao's stock, as it reduces costs.
The market price has risen back to five taels per share and is still rising.
This means that Nanjing Jinyun can issue another batch of shares, and its ammunition is almost inexhaustible!
In fact, Zhang Kun's core objective in initiating monopolistic procurement was to disrupt the existing market order.
Only by breaking the old order can we build a new one!
"...My dear nephew, thanks to you..."
After listening to Zhang Kun's report, Xu Bengao remained silent for a long time before praising him:
"If it weren't for your leadership, I really don't know how the Nanjing Jinyun ship would have been established."
If Xu Bengao previously only admired and trusted Zhang Kun, now Xu Bengao has developed a degree of awe towards him.
The young man in front of us has seemingly conjured up a Nanjing Jinyun ship worth five million taels of silver out of thin air!
In his prime, he wielded immense power and commanded vast territories like a tiger!
"Grand Commander, there's one last step to take before we can successfully launch the Nanjing Jin Yun."
Zhang Kun respectfully addressed Xu Bengao:
"Brother Zhiyuan from the Duke of England's mansion has already made arrangements in Nanjing. It's time for us to cross the Yangtze River and head to Nanjing!"
Heading to Nanjing, they will engage in a final showdown with the powerful backers behind the major tea and rice merchants in Southern Zhili and Zhejiang.
The Nanjing Jinyun is currently thriving and has already established a strong reputation.
But only by winning the final battle and establishing Nanjing Jinyun's dominant position in the southern Zhili and Zhejiang regions can the mission be considered accomplished!
It is conceivable that the major tea and rice merchants in Southern Zhili and Zhejiang would not easily give in.
They will inevitably launch a counterattack against the Nanjing Jinyun in Nanjing!