Great Song Super Scholar

Chapter 239 Securities Trading
After drinking for more than an hour, Su Liang got very drunk and was sent back to the dormitory by Fan Ning, who then got on an ox cart and returned to the residence of the old Caomen.

Fan Ning also drank a lot of wine, staggered into the yard, put the door latch behind his back, and entered the room in the dark. At this time, Fan Ning only felt dry mouth and wanted to drink a cup of tea.

Finally turned on the light, but found that the room was deserted, exactly the same as when he returned home from Beijing, the bed was not made, the quilt was not dried, the teapot and cups were the same as before he left the capital, if you want to drink tea The cups and teapots have to be washed, and he can't even remember where the charcoal stove is?

Fan Ning couldn't help sighing, it would be great if he had a maid. When Du Juan was here before, he didn't have to worry about these things.

Helpless, he had no choice but to come to the yard, fetch a bucket of water from the well, and gulp down his stomach with cold water.Then I went back to the room.

Just lying in bed, he suddenly remembered something, so he got up and wrote a short message in a hurry, sealed it, lit another incense, and put the letter and incense on the window sill of the back window. On the bed, people and affairs are unknown.

Early the next morning, Fan Ning was awakened by a knock on the door. Fortunately, he did not take off his clothes and shoes last night, which made it easier for him to open the door.

Fan Ning opened the door in a daze. Outside the door was a young man who looked like a clerk, carrying a food box.

"Officer, this is the breakfast you ordered yesterday, and I brought it to you."

It was only then that Fan Ning remembered that he had ordered a breakfast after lunch yesterday, and he hurriedly asked, "How much?"

"Breakfast is [-] Wen, plus [-] Wen for traveling expenses, and [-] Wen as a deposit for the food box, a total of [-] Wen."

Fan Ning went back to the house and took a hundred Wen money, handed it to the clerk, "Thank you very much!"

"Do you want to make an order tomorrow?"

Fan Ning quickly shook his head, "I don't need it tomorrow."

"Then find a time to return the food box, and the deposit will be refunded to you."

"I know, you go!"

The clerk left, and Fanning returned to the room with the food box. He sat in a chair in a daze, his head was dazed, and he hadn't fully recovered yet.

After a long while, he finally regained his composure, went to his room again, and then went back to his room to sit down. He was just about to open the food box when someone knocked on the door again.

"I'm coming!"

Fan Ning only felt a headache, why suddenly a lot of people came looking for him, so he had to run to open the door, and there was a smiling face as bright as a hibiscus outside, and it was Zhu Pei standing at his door.

She waved the text message triumphantly, and it turned out that she had already received it.

Fan Ning was in a good mood immediately, and hurriedly said, "Come in, I'm about to have breakfast?"

"Do you still have breakfast?"

"I ordered it at noon yesterday, and it was delivered just now."

"Are you going to the Imperial College today?" Zhu Pei asked again.

Fan Ning hesitated and said, "You don't need to go, these two days are to familiarize yourself with the situation, and you will officially take office the day after tomorrow."

"Then don't go, my third grandfather has something to do with you, and then we will have lunch together."

Fan Ning suddenly remembered what Zhu Yuanfu told him, asking his third younger brother Zhu Yuanfeng to bring him a big deal, he immediately became interested, nodded and smiled and said, "Okay! I'll eat a little to pad my stomach, wash up, and then with you."

Zhu Pei saw that his room was in a mess, the quilt seemed damp, the cups and bowls and chopsticks were covered with a layer, and the table was also covered with a layer of dust.

Zhu Pei frowned, "You haven't cleaned up the room yet?"

While eating the noodles, Fan Ning said vaguely: "I went to the Imperial College to report for duty as soon as I came yesterday, and then I met Su Liang, drank too much wine, and collapsed when I came back at night, and I didn't have time to clean up anything."

"Yesterday you didn't even take off your shoes when you went to sleep!" Zhu Pei found that there were several footprints on the bedding, and there were still mud hanging on them.
"It seems so. I was so thirsty yesterday that I didn't even have a cup of hot tea, so I had to drink half a barrel of well water."

"You deserve it! Who made you drink so much wine." Zhu Pei gave him a blank look.

Having said that, Zhu Pei walked out quickly. After a while, a waiter came in with a kettle and a pot of hot tea in his hand. This is the morning service provided by the outside shop, providing hot water for washing his face in the morning , provide morning tea, breakfast, and help guests comb their hair. If you don't mind, they also provide towels and washbasins.

"Thank you! Thank you!"

Fan Ning washed his face comfortably, drank a cup of hot tea, and felt comfortable all over.

Zhu Pei watched him quietly from the side, she decided to help Fan Ning hire a little maid, this guy has no one to take care of him, it is really worrying.

"Okay, let's go!"

Fanning tidied up and took another skin bag, and then went out with Jupe.

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The carriage came to Panlou Street, and saw Zhu Yuanfeng in the Zhulou on Panlou Street. In an elegant room, Zhu Yuanfeng asked Fan Ning to sit down, and Zhu Pei sat on the other side.

"Yesterday, I received an urgent letter from my elder brother. In the letter, my elder brother told me that I want you to do a gold, silver, lottery and silk business with me. Have you really thought about it?"

Zhu Pei said anxiously: "This kind of business is too risky, and it will easily lose money if it is not done well. Third grandfather, you can't let Ah Ning touch it!"

Zhu Yuanfeng said with a smile: "Follow me, and you won't lose money. I'm afraid that Ah Ning will do it by himself. If he doesn't know the market, and the capital is small, the possibility of losing money will be great."

Fan Ning was confused when he heard this, and quickly asked, "What kind of business are you guys talking about? Can you let me understand first."

"This business is a bit complicated, let me explain to you."

Zhu Yuanfeng said slowly: "You also know that salt, tea, alum, fragrant medicine, rhinoceros, etc. are all controlled by the imperial court. For example, tea farmers first receive a deposit from the salt and tea department, start growing tea, and finally hand over the tea cakes to the government. The goods are negotiated, and the salt and tea company issues cross-quotes according to the deposit payment.

Merchants will definitely not be able to buy tea farmers directly. You must first go to the Yancha Department to buy Jiaoyin, Yanyin, Tea Yin, Alum Yin, Xiangyao Yin, etc., and you can use the Jiaoyin to go to the place of origin to extract these. goods, such as this one. "

Zhu Yuanfeng handed a piece of tea to Fan Ning, and Fan Ning took it for a closer look. It was written with hundreds of dans of high-quality tea cakes, numbered, and official seals, which were beautifully printed.

"With this quotation, you can go to the dealer in the place of origin to pick up a hundred tans of tea, do you understand?"

Fan Ning nodded. He fully understood that later generations also had food stamps, cloth stamps, meat stamps, and cigarette stamps.

It's just that the cross reference in the Song Dynasty is more like a bill of lading. The goods are picked up by the bill, and the bill is recognized but not the person. This is a very typical monopoly system.

"The business I'm talking about is the business of buying and selling this quote."

Fan Ning understood that this was buying and selling the right to pick up goods, a bit like futures trading.

Zhu Yuanfeng smiled, and continued: "During the Song and Liao Dynasties, wars between Song and Liao were frequent, and the frontiers needed a lot of grain. In order to encourage merchants to transport grain to the frontiers, the estimated price per stone of grain was very high. Merchants transported grain to the frontiers, and what they got was not money. , but cross reference.

For example, one stone of rice can only be exchanged for ten catties of tea in the Beijing market, but the frontier transshipment department estimated that one stone of rice could be exchanged for fifty catties of tea. Guan money, but the government gave me [-] tans of tea, but the value was [-] guan.

But I don’t need Chayin, I need money, so I sell Jiaoyin at a [-]% discount, and I actually make a lot of money.

The merchant who bought the tea with a [-]% discount still made some money, and he sold it at a [-]% discount, and it became a [-]% discount after two purchases, but it was still cheaper than the market price of tea, and it could be traded again until it was close to the market price. In the end, the tea merchant succeeded, and he did not lose money. After he extracted the tea cake, he could sell it at a high price to tea houses and ordinary tea shops. "

Fan Ning nodded and asked again: "Then where are you buying and selling?"

Zhu Yuanfeng pointed out the window and said with a smile: "There is an alley called Jieshen Lane diagonally opposite us, and there is a gold, silver, and silk trading market in it. There are hundreds of cross-quote shops in the market, and the price of cross-quotes fluctuates greatly. So there is profit, and the nine transactions in the Song Dynasty are all traded here, and the business is often more than one hundred thousand taels, tens of thousands of taels of silver."

At this time, a term popped up in Fanning's mind, the stock exchange market, but the trade is not stocks, but bills of lading.

Zhu Pei said from the side: "You bought a chayin with 1 taels of silver, and just after you bought it, the price of the chayin dropped, and you lost money. Take the lead to pick up the goods, but in the end I have no sales channels, and in the end it will either rot or be sold at a low price, and I will lose a lot, this is the risk I am talking about.”

Zhu Yuanfeng smiled and said: "Since last year, the Zhu family has successively delivered large amounts of grain to Yan'an and Zhending Prefectures. The price of rice in Tokyo is 150 ren per dou of rice, and the price given to me by the Shaanxi Road Transit Department is 50 ren per dou of rice. It came down to about 50 guan, and the government gave us salt, tea and fragrant herbs worth [-] guan.

I plan to sell it at the Jiaoyin shop, because the quantity is large, the price of the market will inevitably drop sharply, and I will buy it back at a low price. At the latest, the price will rise in two months, and I will sell it again. Once in and out, there will be a profit of 10,000+ taels in the transaction alone. "

At this time, Zhu Pei was a little dissatisfied and said: "Grandpa, if you want Aning to join, you can transfer the points to him now, and don't want him to participate in the second transaction."

Zhu Yuanfeng laughed loudly, "Isn't that just sitting and counting money?"

Fan Ning scratched his head embarrassingly, "Then I will do business with the high officials for the second time! Buy at a low price and sell at a high price."

Zhu Yuanfeng stroked his beard and said, "What my elder brother means is that if you do it twice, the capital will be doubled."

Zhu Pei still objected, but Fan Ning stopped her objection with a wave of his hand, and said to Zhu Yuanfeng, "I did it twice, and I have the capital of 1 taels of silver."

(End of this chapter)