Chapter 770: Crazy Cotton

Worried about market changes? How can the market of cotton change? Once the price rises, there is no possibility of any major fluctuations, and even some victories on the battlefield in the short term will not be enough to affect the market of cotton, unless England changes its position and openly supports the independence of the South. A look at the book???ยท

This is too remote, and once England learns that the Qing Dynasty has been transporting cotton to Europe and has greatly expanded its cotton cultivation over the years, it is absolutely impossible for England to recognize the independence of the Southern Federation in the face of uncertainty.

Of course, if the South changes its attitude, takes the initiative to ease relations with England, and promises to guarantee the supply of cotton, it may also have a huge impact on the price of cotton, but this possibility is also very small, as the saying goes, there is no turning back, and even if the South realizes that cotton diplomacy has failed, it can only hold on.

In addition, there is another possibility, the Confederate Alliance will win a decisive victory on the battlefield, so that England, France, and other countries will be able to recognize the independence of the Confederate Confederate and completely reverse the rising trend of cotton prices.

But Yi Zhixin clearly knows the outcome of the civil war in the United States, and maybe the war will be repeated, but the result should not be biased.

After a slight groan, Yi Zhizhi said: "We have invested so much, we can't be blinded by the scattered silver of the two jujubes." โ€

The scattered silver of the two jujubes? Xie Xiuyuan secretly smiled bitterly when he heard this, Hu Xueyan called to report that the income in the securities market of the four major financial centers in Europe has exceeded 30 million taels of silver, is this still the scattered silver of the two jujubes? How big is this master's appetite?

"The rise in cotton is currently difficult to be affected, and the market shortage situation is difficult to change in a short period of time." Yi Zhishu continued: "But the price of cotton-related securities will definitely fluctuate, in order to raise war military expenses, both the North and the South of the United States sell bonds in Europe, and the South also ingeniously uses the cotton harvest as a backing for the issuance of bonds, such as the cotton-backed bonds issued by the French Emil Elanger Company, which represents the Confederacy.

These bonds of the North and the South will certainly have ups and downs due to the progress of the war, especially some major battles, which will have a greater impact on the prices of the bonds of both sides. โ€

After a pause, he continued: "Judging from the current war situation, the north is obviously at a disadvantage, so the price of cotton-backed bonds in the south is rising step by step, however, this must cause vigilance, and Hu Xueyan must be clearly told that all securities related to the south must be highly vigilant, and the time in their hands cannot exceed next year."

Once the South is defeated, it is impossible for the Northern Federation to recognize these bonds issued by the South, and the bonds related to the South, no matter how good the rise is and how guaranteed they are, they must be resolutely sold before next year, and we do not need to take this risk.

Bonds related to the north can be held with complete boldness and confidence, and if the price falls sharply, they can also be eaten appropriately, and as for futures, there is no need to worry, and if you hold them boldly, you must wait at least seventy or eighty cents before making a move. โ€

Xie Xiuyuan was taken aback by what he said, seventy or eighty cents to make another move, can the price of cotton futures rise so high? He opened his mouth, but he didn't ask, Yi Zhi's amazing judgment and foresight had already made him admire, and he had completely the courage to question. Books ยท

Seeing that he wanted to speak and stopped, Yi Zhizhi naturally knew what he wanted to ask, but the other party didn't ask, and he didn't bother to explain, but he remembered very well that the American Civil War set a new high in cotton futures, breaking through the sky-high price of one dollar per pound, and this record has been held for more than a hundred years, and he chose seventy or eighty cents to sell, which is due to the fact that the amount is too large.

With Yi Zhi's order, the ocean-going merchant fleet that had been waiting in Guangzhou and Shanghai for a long time quickly loaded the ships and went to Europe with bales of cotton.

Large quantities of cotton from the Far East are being shipped to Europe, and preliminary estimates are about two or three hundred thousand bales. The news soon spread by telegram to several major European countries in urgent need of cotton, and the large and small textile mills in the counties of England and the cotton merchants in London, Liverpool and other places went to the London Yuanqi branch to pay a visit, the purpose was simple and direct, to buy cotton!

Two or three hundred thousand bales sounds like a lot, but compared to England, which needs to import 26.7 million bales of cotton a year, this number is far from enough, not to mention that France, Prussia and even Russia are also short of cotton, which is a drop in the bucket for the whole of Europe!

Hu Xueyan refused to meet all the merchants who flocked to his door to buy cotton, and only arranged for a few low-ranking shopkeepers to receive them, and there was only one condition, and the highest price was won, and the price was less than 40 cents per pound, which was not considered. (In the UK, of course, it is converted into pennies, but for the sake of intuitiveness, it is directly denominated in cents, because the United States is the kingdom of cotton, and the world's cotton is always denominated in dollars.) ๏ผ‰

Hu Xueyan was not idle during this time, and made a detailed investigation of the textile mills in England, and made a detailed investigation on the scale of the textile industry in England, the number of workers, and the profits of textile mills.

Because of the war, because of the reduction in production, although the price of cotton textiles has risen, but it is very sought-after, there is no worry about sales, as long as the textile mill has cotton to start, there can be profits, although the profit will be less than in the past, but it is better than the shutdown.

Cotton merchants who speculate on cotton are also very interested in this batch of cotton, the market cotton is in short supply, and the price is strong, who knows what price the cotton will rise in a few months? Forty cents seems expensive now, and it may be cheaper to look back at it in a month, and they are more familiar and aware of the situation in the textile mill. What's more, cotton is now extremely sought-after, as long as the contract can be signed, the contract is a huge profit!

In just a few days, 300,000 bales of cotton that had not yet arrived in Europe were snatched up at a price about 30% higher than the market price, which surprised Hu Xueyan, who originally thought that this price would take at least half a month or even a month before it could be accepted, but he didn't expect it to be so fast.

It seems that the room for cotton to rise is not small, however, Yuanqi such a large amount of cotton supply, it is impossible to continue to rise sharply, it is expected to be about fifty cents at most, which is already six times the purchase price, excluding various costs, at least five times the profit, in addition to those futures, ticket purchases, bonds, profits are also extremely rich, all in all, this cotton hegemony, Yuanqi can be said to have made a lot of money, the profit is abundant, I am afraid it will surprise everyone!

Shanghai Railway Station.

A train from Beijing to Shanghai slowly drove into the station with a whistle, the train stopped and the door opened, the originally empty platform was crowded with people, for the whole Qing Dynasty, Shanghai has become a city full of gold and opportunities, attracting countless people of all kinds every day.

The crowd on the platform came and went quickly, and the people on the waiting platform sparsed out, and Prince Gong, who was dressed in micro-clothes, walked out of the train quickly under the guidance of two personal guards.

Yi came to Weifu this time, without notifying anyone, even Jingshi no one knew that he was coming to Shanghai, he pretended to feel the wind and cold and needed to recuperate in the house for a few days, no one would have thought that he would go out of Beijing and come to Shanghai.

Out of the station, Yi Shumen called a four-wheeled carriage, and after boarding the car, he commanded directly: "Zhennan Wangfu." โ€

The carriage drove on the smooth asphalt road, fast and steady, without feeling the slightest bump, through the car window, looking at this familiar and unfamiliar city, his mood is very complicated, he has been to many cities in the West, London, Paris, New York, Washington, Amsterdam, ....., to say that the planning and layout of the city, municipal construction, no city can be compared with Shanghai.

Putting down the curtains, he couldn't help but sigh lightly, Beijing and Shanghai, as if they belong to two different worlds, even Guangzhou and Tianjin, which are both treaty ports, are completely incomparable with Shanghai, and it is not surprising that officials and gentlemen and businessmen are eager for Shanghai.

Zhennan Wangfu, Lotus Garden, full of autumn colors, easy to be content and leisurely sit in the pond pavilion fishing, this time of continuous people to talk about things, really made him feel a little bored, simply called the illness and refused to be a guest, hiding in the house for a day.

However, he may not be able to get away with it, before noon, Zhao Liewen, Xie Xiuyuan, and Cao Gensheng came together, and when they arrived, Zhao Liewen said with a smile: "The big shopkeeper wants to be busy, but he didn't pick a good day." โ€

Seeing the three of them together, Yi Zhicontent realized that there must be something important, and muttered before saying, "Has a large-scale war broken out?" โ€

"Yes." Cao Gensheng took over the conversation, then spread out the folder in his hand and said loudly: "New York called, General Macmillan of the Northern Army commanded 90,000 troops to repel the 50,000 Southern troops advancing towards Washington.

The 90,000 Northern Army surrounded the 50,000 Southern Army in a small position called Sharpsburg between the Potomac and Antitam rivers, and the two sides fought fiercely for a day and night, and the Southern Army was routed, with heavy losses on both sides, and more than 10,000 casualties. This large-scale battle was called the Battle of Antenham. Later, President Lincoln publicly issued the Emancipation Proclamation. โ€

"The Emancipation Proclamation?" Yi Zhishu stood up and stretched, "The overall situation of the Civil War has been decided!" To send a call to Hu Xueyan, all the remaining securities related to the south in his hand must be thrown away as soon as possible. โ€

The die is cast? Xie Xiuyuan was shocked, and hurriedly said: "The big shopkeeper is saying that the American Civil War is about to end?" โ€

"Not necessarily." Yi Zhishu said slowly: "The war is still too early to end, but the defeat in the south has been decided, and there is no way to return to the sky. โ€

Xie Xiuyuan said with concern: "Will it have a big impact on the cotton market?" โ€

"Definitely." Yi Zhishu said in a firm tone: "However, it is a good influence, which will further stimulate the rise in cotton prices, because next, the northern army will start a counteroffensive, and the cotton planting areas in the south will become a battlefield, which will lead to a significant reduction in cotton production in the south." โ€

Zhao Liewen pondered and said: "In the year and a half since the outbreak of the American Civil War, although the Northern Army has won successive victories on the Western Front, it has suffered successive defeats on the more important Eastern Front.

In this battle of Antenham, although the Northern Army won, but the strength of the Southern Army still exists, why did the big treasurer assert that the defeat of the Southern Army was decided, but the issuance of the "Emancipation Proclamation" was of great significance? โ€

"That's the point." Yi Zhixiang said with a smile, without waiting for him to explain, Lin Meilian came in a hurry, "Big shopkeeper, a distinguished guest has come to visit." โ€

Hearing this, Zhao Liewen couldn't help but wonder secretly, Yi Zhixin is now the king of Zhennan, even if he is the governor of a province, he can't be called a distinguished guest here, and he reacted when he thought about it, it must be the prince from Jingshi.

Yi Zhizu took the post and glanced at it, and said, "Invite him to the study." As he spoke, he glanced at Zhao Liewen and said, "Let's talk about the Emancipation Proclamation later." With that, he walked away slowly.

Along the way, Yi Zhishu pondered Yi's intentions all the way, Jingshi has been very calm this year, what is the purpose of Yi's sudden micro-service to come to Shanghai?

Xianfeng died before the death of Yi Guifei, it can be said that the most restless factor in the court was eliminated, after the death of Xianfeng, the only prince Zaichun succeeded to the throne, the year name Qixiang, the queen Niu Hulu respected as the queen mother, the honorific name Ci'an, the palm of Xianfeng's left 'Tongdaotang' was printed to supervise the country, Yi, Su Shun and other eight ministers were divided into two parties, the three forces contained each other, and the situation was stable. What did Yi do when he came to Shanghai to see him at this time? Restless?

When he arrived at the Changle Book House, Yi Zhishu did not rush into the courtyard but stood at the door and waited, and soon saw Yi coming briskly, still about ten steps away, Yi arched his hand and smiled: "Congratulations to Brother Guocheng for killing all sides in Europe." โ€

Yi Zhizhi smiled contentedly, Yi had close contacts with the British and French ambassadors to Beijing, and it was not surprising to know that Yuan Qi was dominating cotton in Europe, so he immediately smiled and said: "It's just to earn some scattered silver, don't listen to them to spread rumors." โ€

Scattered silver? Yi couldn't help but laugh and said: "Hundreds of millions of taels of silver are just scattered silver, and only Brother Guocheng has such a big tone in this world." โ€

This guy came to Shanghai to play the autumn breeze? Yi Zhizhi secretly thought in his heart, and the smile on his face did not decrease, "There is no such exaggeration, for this cotton trade, Yuan Qi also invested a lot of money." As he spoke, he stretched out his hand, "Sixth Master, please." โ€

"Brother Guocheng, please." Yi hurriedly gave way, he is the emperor's uncle today, and he is the head of the eight ministers who care about life, it can be said that he has the power of the world, but in front of Yi Zhifen, he does not dare to lose his sense of proportion at all, he knows very well in his heart that the most powerful person in the entire Qing Dynasty is not the little emperor of Jingshi, not the Empress Dowager Ci'an who supervises the country, and it is not him, but the king of Zhennan in front of him, the big treasurer of Yuanqi

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