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28cotton

 Su Yanqing brought Zhu Wencong to the Chinese Chamber of Commerce, which should be a semi-official organization of the Manchu Qing Dynasty in the United States.

Eastern businessmen like the status of red-top businessmen. Only power can guarantee their wealth.

Currently, the Chinese Chamber of Commerce is responsible for three traditional items: tea, silk, and porcelain. It also involves the piglet trade.

Since the Manchus did not understand anything about tariffs and maritime trade, these merchants engaged in foreign trade made a lot of money.

Later, the English gave up and directly sent commissioners to take charge of the customs duties of the Qing Dynasty to offset the indemnities from various treaties.

The two Opium Wars were aimed at reversing the trade gap. After all, all the world's silver flowed to the Ming and Qing dynasties.

After the war, the Manchu Qing Dynasty lost its advantage in foreign trade and gradually fell into a silver panic domestically.

This is also why the Qing Dynasty had no money to do anything later, because silver no longer circulated and the silver standard collapsed.

Mainland businessmen also hoarded all gold, silver and copper in cellars and ancestral graves, once again exacerbating the currency crisis.

"Mr. Su! What a small gift! What a disrespect!" Zhu Wenchong politely presented a box of American ginseng.

Today, Su Jingmin is on duty at the Chamber of Commerce. The old man does not need to do anything. He sits on the imperial chair and drinks tea quietly.

Below is a group of middle-aged men making calculations. The profits from foreign trade are huge, but currency exchange is very complicated.

"I heard that you are very popular recently, and that Lauren Chu actually trusts you so much that he lets you take charge of his money.

Isn't he afraid that you will take the money and run away?" Su Jingmin couldn't understand when white people would trust yellow people.

"There is no place to run, not to mention that I have interests bound to him and have an absolute iron relationship.

Mr. Su, you are involved in the Japanese silver mines, what are the recent developments?" Zhu Wencong knew some information.

Su Jingmin was originally not prepared to participate in investment, but recently he saw the success story of the successful man James in the newspaper, which was so exciting!

Especially his granddaughter Su Yanqing personally described that James really made 30,000 pounds a month.

Bullshit industry! Su Jingmin cursed in his heart, saying that he had worked hard all his life to earn such a small fortune!

No wonder everyone in the United States participates in the stock market, and even a fool can understand the profits!

"What are you doing?" Su Jingmin asked.

"It depends on which side you are on, Mr. Su. At present, we are incompatible with them and we have to compete.

Mr. Su, the stock market is risky and you need to be cautious when investing. Is there anything wrong with your heart?" Zhu Wencong asked with concern.

"Yes, grandpa, the risks in the stock market are too great. Haven't you seen that a large number of bankrupt people have jumped into the sea or off buildings recently?

The higher the profit, the greater the risk. If you are not careful, you will be in an abyss. Grandpa, it is best for you to quit.

They... they have the ability, the means, and the inside information. We can't defeat them.

Wen Cong said before that the ninth-level people in the stock market are leeks, and they give away their wealth." Su Yanqing persuaded.

Su Jingmin hesitated. His participation in the Wajima Silver Mine was mainly impulsive, and old friends also participated.

But when I entered the 'recharge', I found something was wrong. At this moment, I wanted to withdraw, and I didn't want to take the risk.

"Then the stock is rising, isn't it?" Su Jingmin argued.

"Hahaha! It's just an illusion!

Mr. Su, if you really don't dare to play the big game, sell all the stocks in your hands.

I can help you sell smoothly and almost make a small amount of money.

We'd better not get involved in the American stock market, as the final power of interpretation lies in their hands." Zhu Wencong reminded.

If you weren't a time traveler, you wouldn't be able to defeat the American capitalists. They have too many tricks.

Once they can't play the game, they can just play rogue. There's nothing you can do to them.

Su Jingmin had a sullen face, saying that he should not have participated in stock market transactions since he almost lost his life.

"Okay! I will give you the stocks held by the Chamber of Commerce later. As long as I can protect my capital, it doesn't matter whether I make a profit or not." Su Jingmin sighed. He shouldn't have been impulsive at that time.

Su Jingmin poured tea for Zhu Wencong: "Lauren Chu really wants you to manage his finances?"

Zhu Wencong smiled, knowing that Su Jingmin still couldn't let go of the profits in the stock market, and he didn't dare to play.

When Su Jingmin saw Lauren Chu dare to give money to Zhu Wencong, he felt that he could do the same.

In any case, Lauren Chu is an outsider, and Zhu Wencong will definitely help his people make money in the stock market.

In addition, Su Yanting and Zhu Wencong are bound together, so giving the money to him will not be a big problem.

"You know! We Easterners like to save money most. We would rather let the copper coins rot than circulate them in the market.

The Chamber of Commerce has a large amount of liquidity, almost one million taels of silver!

I want to give you this money to invest, and you will decide the commission. I believe you!" Su Jingmin made up his mind.

"Is one million taels of silver equivalent to 170,000 pounds?

Of course, no problem! The commission Lauren Chu gave me is 30% of the profit, and I will charge you 20%.

Since I accepted this order, I can tell you some news, but not to the second person.

I am going to short Japanese silver mining stocks, so you should not interfere with my operations in the stock market.

If you think I did something wrong, you can choose to quit, but I will charge 50% of the principal as liquidated damages.

You should think more about it now. It is easy to enter but difficult to exit. It is impossible for big capital to leave easily." Zhu Wencong said in detail.

Su Jingmin looked at Su Yanqing and wanted to make a decision all of a sudden. He really couldn't make up his mind.

Su Yanting is still thinking about the exchange rate. The black market exchange rate between British pound and Oriental silver is about 1:6.

"Lauren Chu has more funds than the Chamber of Commerce!" Su Yanqing replied immediately, but the specific amount cannot be disclosed.

"Then...the funds of the Chamber of Commerce will be handed over to you!

If we can really make money, can we still invest more?" Su Jingmin was a little anxious.

"Of course! I think if you still have some money left, you can invest in the cotton market.

This year the Civil War broke out in the United States, and the gold market for cotton is coming, a business that will make a profit without losing any money." Zhu Wencong couldn't help but tell the history.

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80% of the raw materials for England's cotton textile industry come from the American South, and the livelihoods of 4 million people are directly or indirectly related to the cotton textile industry.

France and other Western countries also rely on the cotton supply from the American South, which is also the trump card of the American Southern faction.

South Carolina U.S. Senator James Hammond once put down harsh words:

"Which country in its right mind would go to war with cotton? What would happen if there was no cotton supply for three years?

I need not describe what people will suppose, but one thing is beyond doubt: England will do its utmost to mobilize the whole civilized world to save the South.

No, you (Northern factions) don’t dare to go to war with cotton. No country on earth dares to go to war with it, cotton is king!”

England won't be so angry. The United States doesn't sell cotton, right?

Cotton prices in Egypt, India, and the East have soared rapidly, and the output of the three countries is actually unable to meet market demand.

In 1862, the total export of raw cotton from the East was 18,148,382 pounds. Between 1863 and 1863, the market price of cotton in Shanghai rose sharply. At the beginning, the market price of Huayi was 9 taels and 8 taels of silver per quintal. After a day or two, it rose to 12, 30 taels, and ten days later to 17

, eight taels; half a month later, the original package price actually increased to 25,6 taels.

"So! You go back as soon as possible. You don't need to plant food, but plant cotton instead.

Then I will open a cotton company here, and this stock will dominate the stock market for several years!" Zhu Wencong urged.

"It's...so crazy!" Su Jingmin was very scared.

"Whether you believe it or not, I will definitely open the company anyway and the stocks will definitely be put into the market.

All my funds will be invested. Life is a big gamble. If you win, you will own the whole world.

As long as the war lasts for several years, the price of cotton will definitely rise and never fall.
Chapter completed!
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