nanming man

Chapter 518 Grain Futures
Zhu Guoci and the others were in the teahouse, and after listening for a while, their faces changed drastically.

They were able to lower food prices in the past because they had two things in mind.The first is that in order to pay taxes and buy necessities such as salt, the people must sell the grain after harvesting it.The second is that as long as the various food companies form a tacit agreement, the price of food can be suppressed. The common people have no other channels to sell, but can only accept their prices, because they have mastered the channels.

Now the common people have a choice, they can sell to Gao Yihuan's military government, and after the military government monopolizes the grain, the grain on the market is controlled by the military government, and the situation is completely different.

When there is a bumper harvest, when grain increases and grain prices fall, the military government can guarantee the minimum price to eat grain for storage, stabilize grain prices, and prevent the common people from suffering.

In a year of famine, when food is reduced, the military government can release the supply and prevent food prices from skyrocketing.

These two situations are for internal mediation. Externally, because the military government controls the grain trade and monopolizes the supply of goods, grain merchants from all over the country rush to buy grain. Right, completely transformed.

The common people are in a state of disunity, and when facing the merchants, they belong to the weak side. The merchants give a price, and if they don’t sell this, they will sell that. In addition, they have no other channels, and they have no capital to spend with the merchants, so the pricing power is in the hands of the merchants.

Unless it is a famine year, when merchants fight among themselves and rush to buy grain, there will be a change.

Now that the grain trade is controlled by the military government, merchants have become the weaker party. They can only go to the military government to buy grain if they want to do business.

In Yuezhou City, in a courtyard, Zhu Guoci and others were discussing, when a businessman wearing a brocade robe suddenly walked in.

"How is it, have you found out clearly?" Someone asked hurriedly standing up.

The visitor first drank a bowl of water, then cupped his hands and said to Zhu Guoci: "My lord, the situation is not very good! The Huguang grain merchants who cooperated with us before, many people are waiting and watching, most of the grain is eaten by Gao Jingzhong's military government Yes. The military government offered a minimum guaranteed price of [-] yuan, and if it was lower than this price, no grain could be bought on the market.”

Zhu Guoci frowned, "Then let's pay one tael to five silver per stone, and collect it ourselves?"

Now that things have happened, Zhu Guoci doesn't think about lowering the price of grain to seven qian, but only one tael or five silver, and it's okay to transport it back and sell it at a higher price.

"This won't work. You must have a grain number registered with the military government to collect grain in the province. Besides, even if we collect it, we can't ship it out. The military government stipulates that all grains that leave Huguang must be traded on the exchange. Grain merchants from all over the country bid for it, and the final price goes to the one with the highest bid. That is to say, after we collect the grain in Huguang and put it on the exchange, we may let others buy it in the end.”

Zhu Guoci was stunned for a while, and suddenly a little angry, "Grain is traded on this exchange, so Gao Jingzhong has to collect taxes!"

"Yes! Not only do you have to collect taxes, but if you want to buy grain in Huguang, non-local grain merchants have to obtain a voucher, otherwise they will not be able to participate in the bidding."

Zhu Guoci was shocked, "Gao Jingzhong is a fucking talent! Tell me, how do you get this certificate?"

Zhu Guoci fanned her fan, as if she had seen through everything.

The person who came said: "The officials of the exchange said that this certificate is called a market access certificate. You must buy a certain amount of military government bonds before you can participate in the bidding for grain transactions."

"What are military government bonds?" Zhu Guoci had a gloomy face. Gao Jingzhong had many tricks.

"My son, this bond is equivalent to Gao Jingzhong borrowing money from a grain merchant. Each bond has a value of 2 taels, with a specified period and a certain interest. After maturity, the bond can be used to get back the silver, or an equivalent amount." food."

"Who will believe what he said? This is blatant blackmail! I see someone will buy his bond." Zhu Guoci was furious. To buy food, he had to borrow money from Gao Jingzhong first. Why is he so awesome? ?

A few businessmen on the side also cursed, Gao Jingzhong was crazy about money, and decided that no one would buy Gao Jingzhong's bonds.

"Xi Niangpi, everyone don't buy it, let's see how Gao Jingzhong ends up!" Zhu Guoci was furious at Gao Jingzhong's shamelessness.

The businessman who came in said with a bitter face: "Young master, if we don't buy it, others have already started to buy it, and started to sweep away this year's grain, and they will start to sweep up next year's grain!"

"How is this possible? The autumn grain has not yet been planted, and you said that someone is already buying next year's grain?" Zhu Guoci looked shocked and disbelieving.

The businessman explained: "The military government has created a grain promissory note. Each promissory note corresponds to a certain amount of grain. The grain merchants who get the certificate can bid for the promissory note. The time on the promissory note is to use the promissory note to pick up the grain. Some of this kind of promissory note are for this year, and some are for next year. As for grain. At that time, if the price of grain rises, the grain dealer will not be asked to make up the money, and if the price of grain falls, the grain merchant will not be refunded. In this way, if the price of grain is low now, the price of promissory note will be low. When food prices rise, people who hold promissory notes will make a lot of money."

According to the grain reserve, the exchange can issue a part of the promissory note in advance, and replenish the reserve after the grain harvest.Some of the promissory notes are based on the grain stored by the military government, and some are based on the grain of the grain merchants in the province. In short, there must be a basis.

Everyone sitting here is a businessman and a person from the south of the Yangtze River, so you can understand it as soon as you hear it.

In fact, there are similar things in Jiangnan. Some merchants also give customers some cake coupons and food coupons, and customers can pick up the goods with the coupons.

Zhu Guoci was silent. He was already convinced by Gao Yihuan's methods, and he asked after a while: "Has anyone already eaten it now? Are they afraid that Gao Jingzhong will not keep his promise?"

The merchant said: "Ma Hongshan's group, as well as a few merchants from Fujian, are all eating in. My son, to be honest, there are many wars now, and there is no need to worry about no market for food."

"Ma Hongshan is a scum, sooner or later he will be killed!" Zhu Guoci gritted his teeth.

The businessman continued: "Many businessmen are now waiting and watching, and dare not buy this promissory note. Because there are few people competing, the price of the promissory note is relatively cheap. Ma Hongshan and his group have the courage to eat most of the promissory note in their hands. Get up. If other merchants want to buy food, they can only buy promissory notes from them, and they can make a lot of money by reselling the promissory notes!"

"Is this promissory note still tradeable?" Someone asked.

The businessman replied: "The exchange only recognizes promissory notes, not people. If you have a ticket, you can raise the grain!"

Several people in the room couldn't help looking at Zhu Guoci, "My lord, what should we do?"

Grain is a necessity and the foundation for the survival of the common people, and there is a certain food shortage in places like Jiangnan and Fujian, and they must buy food from Huguang, so even if it is sold at sky-high prices, people will eventually buy it.

Gao Yihuan opened an exchange and did not raise the price of food too high. He mainly earned fees and sold bonds.

Zhu Guoci's face was tangled, and he suddenly shouted: "What else can I do, go get the voucher immediately, then eat into the promissory note, and sell it to the grain merchants behind. Let's make money together!"

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(End of this chapter)