Chapter 396: The Food War Ends
Because of the selling of grain by foreign grain merchants, countless affordable grains flowed into the Nanyang market, benefiting the common people.
At this time, the common people were like happy hamsters, actively hoarding grain.
"No wonder Master Ji asked us to buy grain by household and per capita before. It turned out that he wanted us to save money to buy cheaper grain."
Beautify, beautify all the actions of Ji's family and Liaodong Chamber of Commerce.
Moreover, after foreign grain merchants began to sell grain at low prices, the number of people who went to Ji's branch to buy grain decreased by more than 90%.
On the first and second days, Ji's family and Liaodong Chamber of Commerce did not move. On the third day, after the speed of people's purchases slowed down significantly, they began to eat the grain sold by foreign grain merchants in a hidden and orderly manner.
Runan
The news that Ji's branch had lowered the price of grain to 100 wen per dou reached Xie Zhan's ears. From 120 wen to 100 wen, the price did not drop much, but they were still shocked by the other party's generosity.
"They must have lost a lot selling grain at this price, right?" Xie Bai didn't understand business, he just thought that the other party must have lost a lot selling such a large amount of grain at such a low price.
Gu Huaisheng said, "In fact, they didn't lose too much." He understood the principle of the Ji Liao Alliance to sell high and buy low.
People who don't understand business think that they have lost a lot, but they don't know that maybe in the end, they will make money.
Xie Zhan: "The game between the Yuzhou Grain Merchants Association and the Liao Ji Alliance is approaching its end."
At this point, the Yuzhou Grain Merchants Association has already lost. The Liao Ji Alliance has suppressed the grain price twice, which is very strong.
Now the Ji Family Business and the Liaodong Chamber of Commerce Alliance have directly raised their sickles to harvest.
Gu Huaisheng said, "The Ji Liao Alliance should be eating grain, otherwise grain merchants from all over the country will not be able to ship so quickly."
Xie Nan looked at Xie Zhan, "Master, should we follow?" They currently have nearly 1.5 million taels of silver in their hands.
Xie Zhan nodded, "We can keep up." Nanyang and Nandi are not far apart. He calculated the transportation cost and felt that they would not lose money if they bought at this price.
Ji's business and Liaodong Chamber of Commerce Alliance sold affordable grain at 100 wen per bucket for seven consecutive days. On the eighth day, they announced a price reduction again, and their grain was sold at 90 wen per bucket.
"Impossible! Absolutely impossible! Where can they get so much grain?"
Che Jiuming was completely crazy.
In addition, all the grain merchants who resisted stubbornly were driven crazy.
Their hearts were cold, and the market was getting colder and colder, and there was no recovery at all. All the persistence became a joke.
The grain merchants who had cut their meat earlier looked at the unlucky ones who did not run away with sympathy.
In a situation like Nanyang, it is correct to leave at any time.
In fact, the worst are some members of the Yuzhou Grain Merchants Association, who are considered to be Che Jiuming's supporters.
These people have gone bankrupt.
For example, when Shopkeeper Lin and Shopkeeper Mo were about to go bankrupt last time, they listened to Che Jiu Ming's words, borrowed money from relatives and friends, and begged for help. They borrowed 20,000 to 30,000 taels and gave them to Liu's Bank as a deposit.
This time, the Ji Liao Alliance announced a price reduction for grain again, and they were really penniless.
They couldn't raise money to make up for the deposit. When the deadline came, Shopkeeper Liu of Liu's Bank personally brought a team of people and invited people from the government as witnesses to directly take away the collateral of Shopkeeper Lin and Shopkeeper Mo - their grain.
This also means that Shopkeeper Lin and Shopkeeper Mo went bankrupt.
The Lin family and the Mo family cried bitterly.
The onlookers felt that they were pitiful and hateful. They would not forget that the Yuzhou Grain Merchants Association initially planned to sell grain at a high price and not give them a way to live.
Then, a horrifying incident happened. When the second son of the Lin family came to count the grain at Liu's bank, he went to Che's house with a sharp dagger. After seeing Che Jiuming, he stabbed him and escaped.
Che Jiuming was stabbed three times and lost too much blood. Before the doctor arrived, he was already dead.
Che's house was leaderless. During the funeral, Madam Che decided to sell more than one million shi of grain from Che's house under the guidance of the "expert". At this time, Liu, the shopkeeper of Liu's bank, came to the door and took out the contract to ask Che's house to pay back the money. Madam Che had to set aside one million shi of grain to pay off his debt.
Because the Liao-Ji alliance indirectly caused Che Jiuming's death, Madam Che did not want to deal with the Liao-Ji alliance.
Ji Wuyin and others didn't care. When Che's house sold grain, they used Ji's branch to guide the grain price to below 85 wen, and then secretly bought it.
The common people were also trying to buy it.
Xie Zhan and his group were not idle either.
Such a fierce price war frightened the last batch of foreign grain merchants who still had grain in their hands.
The current grain price is 85 wen per bucket, and they really lost a lot. Some people want to wait until the leased warehouse expires, and then transport the grain back, or transport it to other places to sell, at least they can sell it at a higher price, and not lose so much.
Then, there was news that several grain merchants who had previously left by land with grain were robbed and lost both their money and their people, so everyone shuddered.
They decided to sell the grain on the spot and not toss it.
This time they failed, so they just accepted it.
When I thought that all the foreign grain merchants who came to Nanyang had failed, and they were not the only ones, I felt much better.
As the saying goes, if you keep the green mountains, you will not be afraid of running out of firewood.
The Liao-Ji Alliance is obviously very powerful, and it is useless to waste time with it.
If you keep this grain in your hands, you will always need storage fees and manpower supervision and other expenses, which will occupy funds all the time.
If it is delayed until next year, the grain in their hands will become the old grain among the old grain. It is unknown what kind of year next year will be. Nanyang has always been known as a granary. If the grain harvest is good next year, the grain in their hands will be even more difficult to sell.
Selling it now will at least free up funds. Later, we can see what kind of business we can do to make up for this loss.
So far, the price war in Nanyang has ended perfectly between Liaodong Chamber of Commerce and Ji's Business.
The people of Nanyang bought a batch of grain at the lowest price in history and stored it. Some wealthy families have saved enough grain to eat until the summer grain harvest next year.
In addition, the grain store of the Luoyang branch of Ji's Business will remain open, providing the people with affordable grain at 100 wen per dou. Now, the grain price in Nanyang has been completely stabilized.