Chapter 80 This year's raw silk acquisition

Recently, the aftermath of the salt case in the Shanghai business community has become more and more fierce. The bankruptcy of Jintong and others in Nanxun Buniu has led to the further collapse of the already fragile Shanghai capital market, and the sharp decline in land prices in Shanghai have caused more funds to be tight.

This is a vicious cycle, and even businessmen who have not been involved in the salt case have been implicated.

The land price in Shanghai Huajie has fallen into a vegetable land price, less than half a year ago. Because the concession industry of Tang Tingshu and Gu Shousong was not investigated in the salt case, Jiangsu and Zhejiang merchants believe that the concession land industry has a special investment value, and the concession land price is still maintained at the original 40%.

According to the current trend, as long as we get through the current turmoil, there is still a lot of room for value-added in Shanghai's concession land prices.

Hu Chuyuan decided to buy Shanghai real estate on a large scale and made a lot of money. For this reason, he returned to Hangzhou in person and contacted more than a dozen Hangzhou businessmen through his fourth uncle Hu Yueqiao, asking them to buy Shanghai land with appreciation potential as intermediaries.

Of course, the focus is on the Yangpu District of cabbage prices.

Just when Hu Chuyuan quietly bought the bottom of Shanghai real estate, the situation on Xu Run's side became more and more critical. High debts and low-priced real estate had turned him into a person with negative assets.

Being cornered by the creditor, Xu Run could only continue to come to Hu Chuyuan, or he would borrow money again.

These days, the Zhengyi Hall and the South Garden of the Garden are under intense construction.

Hu Chuyuan works in Yinghua Hall and also receives Xu Run here.

As soon as he stepped into the French living room of this villa, Xu Run couldn't wait to say to Hu Chuyuan, "Mr. Hu, you must save me. This time, I'm really unlucky!"

"Sit down, sit down and talk about it!" Hu Chuyuan asked Xu Run to sit down quietly and comforted him, "With me, what's your hurry?"

Hearing this, Xu Run's whole body seemed to be promoted to immortality.

He said, "Mr. Hu, it's great to have you. As you know, two months ago, my whole worth could still be 10 million taels of silver. When I eat the real estate of Tang Tingshu and Gu Shousong in the concession, the total market value can be as high as 18 million. Although I also owe a huge debt, I can still have an asset of 7 million taels of silver anyway, right? Now it's good that the negative assets are millions of taels of silver. More than a dozen banks are asking me for money, and Hong Kong Huili Bank is also asking for it. I can't pay it back, but once I pay it back, I can only go bankrupt!"

Hu Chuyuan sighed, "Boss Xu, since I know you, you have come to me three times, and there must be a time in it to borrow money!"

Xu Run has no solution. He thought about it himself, and it seemed to be almost the same frequency.

Hu Chuyuan continued, "You'd better figure out at once. How much money is still missing!"

Xu Run smiled bitterly and said, "To tell the truth, I really have a debt of 2.7 million taels of silver that must be repaid immediately. If I don't pay it back, others will go bankrupt. In addition, there is the debt of 1.5 million taels of silver from Hong Kong Huili Bank and 2.4 million taels of miscellaneous debts. Two months ago, I had the ability to pay it back, but now, even if I sell all the more than 2,4 hundred mu of land I hold, it is only a market value of 5 million taels of silver. I've been working almost 20 years for nothing now, and I'm penniless.

Hu Chuyuan asked, "Didn't I just give you 850,000 silver the other day?"

Xu Run sighed slightly and said, "Where is enough?"

Hu Chuyuan sighed again and said, "I have also made a big move recently. I need a large amount of money to operate, but I can't help you. Well, think of a way to solve the problem once, so that I don't lend you a large amount of money again and again, and I don't know when to fill this bottomless hole.

Xu Run was slightly stunned and said, "I thought about it before I came to you this time. I want to concentrate all the real estate under my name in one company. The total market value is about 6.3 million taels of silver. You pay 2.7 million taels of silver to buy 42.85% of the shares. As long as you have shares, Hong Kong Huili Bank and other businessmen will not be in a hurry to ask me for debts. Everyone knows that you have the most abundant capital. After a year, after surviving this disturbance, the concession real estate will definitely rise to its original price. At that time, you can earn at least 4 million taels of silver.

Hu Chuyuan said, "It's okay, but I won't directly invest in this company in my name. On the surface, it is still a company owned by you, but your debt will be guaranteed by me. In addition, I have decided to buy the bottom of Shanghai real estate, but don't tell the public, just use your shell real estate companies to help me buy land, and continue to use your name. For each purchase, I will give you a 3% management fee.

Xu Run was very happy and praised, "Mr. Hu, you really found the right time to enter Shanghai Real Estate at this time. After this village, there will be no such store. Unfortunately, my funds have been trapped. If I still have two million taels of silver, I will choose to copy the bottom immediately.

Listening to what he meant, he still wanted to borrow money to buy the bottom together. Hu Chuyuan said, "I'm going to buy Xia Si soon. I definitely have to prepare a large amount of money, so it's impossible to continue to lend you money for the time being."

Xu Run hurriedly explained, "Mr. Hu, I am very grateful if you can help me save my current family. To be honest, this year is indeed the best time for you to return to the raw silk market. On the one hand, it is to copy the bottom of real estate, and on the other hand, it is to buy raw silk. It is really a difficult choice to have a huge amount of operating capital on both sides.

Hu Chuyuan smiled bitterly.

He just showed Xu Run in a difficult way. For him who has Fukang Qianzhuang and Gongji Pawnshop to mobilize funds, he can do it together on both sides.

After sending Xu Run away, he continued to increase his efforts to acquire land in Yangpu. At the same time, he also began to plan the raw silk acquisition war this summer... This time, he will not continue to be a bystander.

A few days later.

With a hunch that the salt case was about to reach the bottom, Hu Chuyuan contacted Nanxun rich gentry Pang Yunyu and Lu Xiyuan to provide them with debt guarantee, temporarily avoided the bankruptcy of the two, and reached a long-term favorable cooperation agreement with them.

After all, he still wants to do business in Nanxun, and he can't offend everyone.

A.D. year, May 6, 1897.

In the fifth year of Guangxu, leap March 16th, the beginning of summer.

George-F. Westward, the U.S. envoy to China, officially submitted an application for the new concession to Shanghai Daotai Yang Changjun. This kind of application appears every few years. If you really want to reach an agreement, I'm afraid it will take a few years.

However, the negotiation speed this time was very fast. After half a month of negotiation, the two sides signed the Concession New and Qingmei Trade Supplementary Agreement, with a new concession area of 3,720 mu in Yangpu, and the United States gave China a ten-year most-long most-favoured-nation treatment for raw silk and tea.

Stimulated by this good news, Shanghai's economy immediately recovered at an alarming rate!!!

At this time, the annual silk war also officially kicked off.

Mr. Jacob Ilias-Saxon and Sir James Johnston Keswick held the Shanghai Silk Industry Conference and unanimously said that they would send their own buyers to Nanxun and Suzhou to buy raw silk.

In a word, in any case, Hu Xueyan's son should not be allowed to control the hegemony of Jiangsu and Zhejiang silk.

This is the unanimous resolution of all foreigners. As the new U.S. Consul General in Shanghai, Mr. Fister Delano was also listed as a distinguished guest at the meeting.

After the meeting, the Guangdong buyers led by Zheng Guanying and Tang Ruizhi seemed to have received the imperial edict and were overjoyed, because this meant that the foreign bank would give them more funds and power, and use the foreigner's money to make Hu Chuyuan's tricks, which was just in line with their wishes.

Ningbo merchants led by the Zhenhaifang family laughed.

Didn't Hu Chuyuan say that he wanted Jiangnan Commercial Bank to step into the five major industries of salt, silk, tea, cotton and sugar? Isn't it said that every industry should do its best and greatest? Let's see if he can get through the raw silk first.

Didn't Hu Chuyuan say that he wanted to build Fukang Qianzhuang into the first Qianzhuang in the south of the Yangtze River, surpassing the nine major banks in Shanghai?

You know, Ningbo people account for six of the nine major banks in Shanghai.

Among the six major banks, the Xinfang family and the Laofang family account for three each. Unfortunately, they and Hu Chuyuan live together on Ningbo Road. Everyone really looks up and looks down. Fortunately, Hu Chuyuan usually doesn't go out.

It was chaotic enough, but Sheng Xuanhuai quietly arrived in Shanghai and lived in Zheng Guanying's mansion, holding three million taels of silver tickets in his hand, and more than two million taels of public funds from the Shanghai Shipping Bureau.

Didn't Hu Chuyuan say that he wanted to take the unified marketing right of Shandong salt industry?

OK, then let you take care of yourself first!

Of course, these people all understand that Hu Chuyuan restored his old man Hu Xueyan's domineering spirit in those years, and taking away half of the Jiangsu and Zhejiang silk industry. Financial resources, relations, politics... These factors determine that it is difficult for him to be stopped.

But the price is always to be paid by him, and it will be a lot of price. A little careless care can make him lose a lot of money and lose his vitality.

Everyone remembered what Tang Tingshu once said - Hu Chuyuan is too unique. If he becomes a climate, no one will have a good life.

You can't let "hu bandits" dominate the Jiangsu and Zhejiang silk industry, absolutely not, otherwise... what will everyone rely on to make money in the future?

Layou!

In the noisy situation, the funds that had been tightened for several months began to loosen, and a large amount of funds rushed to Jiangsu and Zhejiang with the pace of foreign buyers and Ningbo business gangs, all of which wanted to grab as many shares as possible before raw silk was fully listed.

However, soon... All the businessmen who rushed into Jiangsu and Zhejiang with a large amount of money suddenly found that the market had changed. This year's raw silk acquisition war... It seems that they can't fight, and there is nowhere to spend money.

Half a month later, Shengsi began to be fully listed. Yihe Yanghang, which rushed to the front, first suffered a loss and was the first to retreat.

Shaxun Yangxing, Wanbao Yangxing... followed closely.

Finally, they found that the situation this year was extremely strange. The foreign banks withdrew from the acquisition war one after another, withdrew all the funds originally given to the buyers, and turned to be led by Qichang Yanghang. First of all, they reached an agreement with Hu Chuyuan to pay different purchase prices according to the market rules formulated by Hu Chuyuan.

As soon as the foreigners withdrew, the Ningbo merchants were unable to sing. They held a lot of money in their hands but didn't know how to start. Raise the price... I dare not raise it. If you don't raise the price, you can't receive a catty of good silk.

A strange scene happened. In this year's silk acquisition war, the major protagonists in previous years could only sit next to watch the play, watching Jiangnan Commercial Bank and Jiangnan Silk Industry Cooperatives to take away the vast majority of Silk.

Is it terrible?

All the silk merchants can't figure it out, and all the silk sellers are confused... From this year on, the silk industry in Jiangsu and Zhejiang will be decided by Hu Chuyuan alone.

How could this happen?

Many people can't figure out what's going on. This year's raw silk market is too terrible. If you have money, you can't buy raw silk?

Perhaps many years later, this year's Jiangsu and Zhejiang raw silk acquisition will become a classic case, forever in the textbooks of Harvard and other famous business schools.

Hu Chuyuan's extremely classic lesson for everyone... Making rules can control the market.

In just half a month, Hu Chuyuan acquired 630,000 catties of super-grade raw silk, 2.37 million catties of first-grade raw silk, 720,000 catties of second-grade raw silk, and 50,000 catties of third-grade raw silk through Jiangnan Commercial Bank and Jiangnan Silk Industry Cooperative, a total of 3.77 million catties, accounting for 74% of the spring silk production in Jiangsu and Zhejiang provinces this year.

How can it be like this?

Everyone doesn't understand, it's confusing!

What's wrong?

Fortunately, the export price of raw silk for Hu Chuyuan to the Yanghang Alliance is not high, which generally maintains the standard of previous years. The premium raw silk is 6.8 taels per catty, the first-class raw silk is 5.2 taels per catty, and the second-class raw silk is 4.5 taels per catty.

Because only China can have real super silk, Hu Chuyuan pulled the price of super silk relatively high. The first-class silk is mainly Taihu silk, with a large quantity and a price of 5.2 taels.

Through the huge price gap, he intends to stimulate silk farmers to focus more actively on quality.

There is no export price of tertiary raw silk, because foreigners don't want it. In the process of machine reeling, the quality of tertiary silk is very unstable, and it has always been the weakness of the machine industry that it cannot be finely processed according to its characteristics.

Well, I think you're cruel.

Almost everyone can only sigh like this.

We all know that Hu Chuyuan will be tough, but it's really unacceptable to be so tough.

Everyone just doesn't understand why he lost to him collectively for no reason. Isn't he alone?

The foreign banks were all scared and secretly gasped. Originally, they thought they would suffer a big loss, but they didn't expect that Hu Chuyuan was quite a traitor. For this small profit, they sold raw silk to them. They sold it abroad to make a profit of more than 3 taels of silver per catty. In Shanghai, they changed hands. The sales are all at the international price of nearly 10 taels of silver.

They are just worried... Will Hu Chuyuan sell silk so cheaply next year? The Jiangsu and Zhejiang silk industry has fallen into his hands!