Chapter 70： Rubber hazards

Now Shanghai's dignitaries and wealthy ladies have joined the rubber market. A large amount of gold and silver jewelry has been mortgaged to buy stocks, and stocks have also been purchased for the official income.

At the home of Chen Yiqing, owner of Zhengyuan Bank, he invited Dai Jiabao, owner of Zhaokang Bank, and Lu Dasheng, owner of Qianyu Bank, to discuss the rubber market.

After some courtesy, Chen Yiqing, the host, took the lead to ask. "What do you think of the rubber market this time."

"Many people have made a fortune this time when the rubber is soaring. Now it's unclear whether the price can still rise." Lu Dasheng of Qianyu Bank replied

"Yes, I also think that the increase in rubber this time is a bit too fast, I dare not go into the water to test." Dai Jiabao also said his own opinions.

After hearing the words of the two, Chen Yiqing talked about his investigation. “I didn’t believe it before, but I sent someone to investigate and found out. The United States imported 71 million taels of rubber last year, and the English also imported 11 million taels of rubber. There is a market of hundreds of millions of silver. Not to mention that the price of rubber nowadays is 6 taels per pound, and the production cost is very low. It is a profitable business."

When the two heard the results of Chen Yiqing's investigation, they knew that this one was also moved. "So according to Brother Yiqing, did we do it last time?"

"That's what I think. Our three banks may have a smaller plate. I plan to find the five banks that have close contacts with Senyuan, Yuanfeng, Huida, Xieda, and Jinda to do it together. We will be the host and they will help. , You guys take a look."

The two heard what Chen Yiqing meant. It seemed that this man was going to make a big deal. Dai Jiabao wanted to know how much money he was going to make, so he asked. "Brother Yiqing, there is a gold master standing behind you. If you are still young, you can't justify it."

The funder Dai Jiabao said was Shi Dianzhang. The former prefect of Guangzhou was later transferred to the total revenue and expenditure of the Sichuan-Han Railway Company, in charge of this railway company funded by Sichuan people. Now he has 3.5 million railway construction funds in his hand, and Chen Yiqing’s bank put 2 million in his management, a veritable big benefactor.

"The total of our three companies is only 6 million taels. I think it is still less. I plan to have tens of millions taels to make the rubber disc."

After hearing Chen Yiqing's words, both of them felt that this master was really ambitious. This was to control the rhythm of the rubber market.

Seeing the silent two, Chen Yiqing asked. "Dare to do it with me, as long as we succeed, we can all make a fortune."

Lu Dasheng, who was inspired by Chen Yiqing, replied. "Brother Yiqing wants to do something big, and I will accompany you to guarantee the bottom. After all, I also have your share in Qianyu Bank."

Dai Jiabao, who was awakened by Lu Dasheng’s words, screamed "confused" secretly. Chen Yiqing also has a share in his own bank, which is not too small. Now I can only accompany him for a while. Also talked about. "I am also willing to accompany Brother Yiqing for a while."

Chen Yiqing said with a smile after seeing that they both agreed. "Quickly, then we'll have a good time to do him."

After giving some heroic speech, Chen Yiqing continued. "After you two go back, you can issue more banknotes to raise some money. We will make up for the money we make."

After some discussions, the two left the Chen's house, and each prepared to go. After sending them away, Chen Yiqing went to the study room and planned to write letters to the five closely-connected banks of Senyuan, Yuanfeng, Huida, Xieda, and Jinda, so that they could also enter the hot industry of rubber together.

Within two days, Chen Yiqingxin was placed in the hands of Yan Yibin, the owner of Senyuan Qianzhuang. This Yan Yibin is a red-topped businessman who is "very red". He has three banks, one is Senyuan Qianzhuang, and the other is called Yuan. Fengrun Bank also has another called Yuantong Bank. In this Yuanfengrun bank, you can see his "to the point of red".

Yuan Fengrun is the largest bank in Shanghai and one of the largest in China. It has branches in Hankou, Tianjin, Beijing, Guangzhou and other places, and it has 17 branches across the country. In his bank, there are not only ordinary people's deposits, but also a large amount of government funds, customs tariff income, and war reparations paid regularly to the great powers. The usual turnover in Yuanfengrun is also tens of millions.

Now, after reading Chen Yiqing's letter, the red half-sky Yan Yibin is also secretly thinking about the gains and losses. Now the good performance of the rubber makes him tempted, but he is also clear about the risks. After thinking for a while, greed finally blinded the red-top businessman's heart, and he wrote back to Chen Yiqing that he would support the speculation of Zhengyuan Bank.

Chen Yiqing, who was waiting at home, received a reply from these five companies, and they were all willing to enter the rubber market together. After waiting for the news, Chen Yiqing was overjoyed, and now he is full of spirits and has the spirit of pointing the world of finance.

Subsequently, a large number of funds from banks entered the market. Among them, Chen Yiqing’s Zhengyuan Bank, Zhaokang Bank, and Qianyu Bank invested 7 million taels of silver, and the stock price reached a new high. Shanghai's star stock Willis Rubber shares exceeded 500 taels in one fell swoop. Daguan At this time, the banking sector represented by HSBC announced that it would accept payment with the stocks of 14 rubber companies including Willis as collateral. Later, Chinese banks followed suit and also announced that they could use stocks as collateral. Under the stimulation of these two pieces of good news, the crowd was completely crazy. They couldn't listen to the voice of persuasion. A large number of people began to pledge to buy stocks.

Seeing that prices are gradually increasing, Sterry and the others feel that it is almost the same. Willis Company Nestri arranged for the two assistants. "We can release our stocks slowly, I believe there will be good gains."

"I am going to release our stock now." Stocker, who was anxious before, fully agreed with this. He has been frightened by the current stock price, and now the ten times the issue price makes him feel uneasy.

"Stocker, don't be anxious. We have a lot of stocks in your hands. Three to four months is a reasonable release time. It must be released safely and slowly." Seeing his eager mood, Sterry warned again and again. Speaking of.

"Okay, I will pay attention and will not be discovered by others." Seeing Sterry said solemnly, Stocker also knew that it was a matter of great importance, and it was related to whether they could evacuate safely.

"Felix told the news that we started to release stocks and told the other team to coordinate with each other."

"Okay, I will bring them news." Felix replied to Sterry's arrangement.

The stocks that they slowly released afterwards did not cause any ripples in the frenetic stock market. Until the complete release in April, Willis’s stock price has exceeded the 1,000 mark, and now Shanghai, the largest financial center in the Far East, is also in a state of no cash.

Now they know that they need to prepare for a safe evacuation.