I'm the Dauphin in France

Chapter 1024 Chain Reaction
The young man pointed to the stock exchange behind him and said: "Let the British see our determination!

"Since they want to destroy the East India Company, they can forget about getting any investment from the Netherlands. Everyone, follow me and sell the shares of Birmingham Kovac Steel Company!"

As the security agent rushed into the trading hall first, hundreds of Amsterdam citizens followed suit.

They did not go to stockbrokers, but withdrew funds from investment companies - most people could not come up with funds for a trading unit, so there were investment companies that specialized in pooling everyone's small money to buy stocks.

Of course, after receiving a large number of withdrawal applications, the investment company can only sell stocks to cash in.

The next day's newspaper also reported that "Birmingham Kovac Steel Company was sold off by angry Amsterdam citizens."

This matter had nothing to do with the East India Company and was not subject to news censorship, so many newspapers continued to incite people to participate in the selling.

In two days, the British steelmaker's share price fell from 760 shares per trading unit to 782 shares.

The power of ordinary citizens is ultimately limited, but trends have begun to emerge.

With a downward trend in place, DeWitt can take action.

Three days ago, he repaid all the "leased" East India Company shares and made a profit of nearly 10 Dutch guilders from short selling.

At this time, his traders took the funds and began to look for people who held a large number of Kovac Steel Company shares.

It was the same operation as before. Within a few days, more than 100 million Dutch guilders were sold, and the share price of Kovac Steel Company fell to 1070 shares per trading unit.

Yes, the market value of this company is much smaller than that of the Dutch East India Company, and there is no Dutch government to support it, so it is much easier to smash it.

At first, Dutch citizens sold Kovacs Steel shares out of anger, but now they had no choice but to sell - the market value shrunk by more than 20% every day. Who wouldn't be terrified?
The big capitals have a more sensitive nose and had already started to stop losses and liquidate their positions as early as the price fell below the integer mark of 1000 shares per trading unit.

In the next three days, Kovac Steel fell below 1800 shares per trading unit.

Well, it’s not because there weren’t enough sell orders, but because the 30% circuit breaker was triggered continuously, otherwise the price would probably have broken through 3000 shares directly.

Then, amid an outbreak of nationalist sentiment, the crisis at Kovac Steel began to spread to other British companies.

DeWitt naturally followed up efficiently, focusing on attacking five larger British companies with not-so-good revenue performance.

The process did not change much. It all started with ordinary citizens selling off their emotions, then DeWitt's short-selling funds entered the market, and the big financial capital in the Netherlands was worried about losses so they had to follow suit and sell off.

Once he encounters a situation where big capital wants to forcibly support the market - for example, they have invested too much in a British company - DeWitt will not get entangled and will immediately shift his target.

There are more than 30 British companies listed in Amsterdam, so it doesn't matter which one you hit.

Moreover, in the process of continuous short selling, DeWitt had more and more funds in his hands.

With the dual guarantee of major negative news and investor sentiment, it was impossible for him to miss out on his short-selling behavior. In just over a month, he made 27 Dutch guilders.

While DeWitt was busy in the stock market, the Security Bureau was also busy.

Public opinion began to be directed towards "British stocks will face major risks", and even the share prices of British companies that were not given special treatment fell to a certain extent.

Schauborg Opera House, Amsterdam.

The actors sang hard on the stage, but in the VIP box on the second floor, several Dutch financial giants had no interest in watching. They gathered together and frowned, saying, "I know that those British companies must have fallen too much, but given the current situation, who knows when they will turn around."

"If you want to take advantage of the oversold opportunity, I suggest you choose the East India Company. After the Cape of Good Hope incident is over, Parliament will definitely take action to stabilize their stock price."

"That's true. In fact, I have already purchased 200 trading units of East India Company shares." A skinny old man took a sip of wine and continued, "However, I think the Cologne Coal Development Company is worth investing in.

"A friend of mine wrote to me recently, saying that horse-drawn carriages carrying honeycomb coals are running back and forth on the streets of Paris every day.

"This company provides one-third of Paris' coal."

"You mean the company that owns the 'God's Ink' coal mine? Their stock price is indeed not high, and there is a lot of room for appreciation."

"Wexen Ironworks can also be considered. I heard that France has formulated a '33 Iron Bridge Plan', which is directly funded by the government and should have good profit prospects in the future."

He was talking about the ironworks north of Trier.

As for the "33 Iron Bridges Plan", it was a plan proposed by the French Transport Bureau based on Joseph's request, which stated that 33 iron bridges would be built on several major rivers in France.

Of course, it is uncertain when all of this will be implemented, but this gimmick is quite good for stimulating the investment market.

This discussion among several people in the box determined the destination of more than 150 million Dutch guilders.

After the Amsterdam stock market crash, more than 700 million Dutch guilders, or nearly 9 million francs, were withdrawn from the East India Company and a number of British companies.

As Joseph had predicted, the money was eager to find ways to invest.

Although the share prices of those Rhineland companies have shrunk slightly due to the overall decline of the Dutch stock market, they are still in a very good situation compared with British companies.

In the following period, the stock prices of the "Rhineland Group", led by the Cologne Coal Development Company, turned upward.

Under the orders of the Palace of Versailles, DeWitt used the profits from his previous short selling to buy a large number of these companies, further pushing up the stock price...

Western Reims, France.

Outside the village of Meition.

A convoy of five carriages was moving slowly along the winding road.

Rochefoucauld, who was sitting in the front car, showed no impatience at all. He hummed a little tune and recalculated the recent bills.

He knew that if the transportation to the village ahead was not inconvenient, it would not be his turn to earn this money.

Half an hour later, the convoy finally entered the village. More than a dozen children were behind the convoy, shouting happily: "The coal is coming! The coal is coming! The flames are roaring, and the chimney needs to be installed..."

The convoy came to transport honeycomb coal to the village - one trip every two months was enough for the entire village.

Soon, the carriage stopped in the open space in front of the village church. Father Carlo hurriedly called the children to inform the adults to buy coal.

(End of this chapter)