The news spread quickly that someone was buying and selling cloth and making money. At the same time, all kinds of news were flying all over the sky, the war situation in Liaodong had deteriorated, and the military department wanted to purchase cloth on a large scale. The Jin merchants were sweeping the goods and preparing to ship them to Mongolia to sell to Lin Dan Khan, and heard that half of the cloth had been shipped away.

Various rumors have further pushed up the price, and many small people and retail residents have found that someone has been mysterious in the past few days, and everyone is feeling strange.

Wang Mazi of Zhuzhong Hutong found that Li Er's family, who was sweeping the street next door, actually bought meat, although it was dark and came back in a cover, but Wang Ermazi's eyes were so sharp. I saw it through the crack in the door, and it was fifteen or sixteen pounds, with elbows.

That night, the aroma of braised pork wafted throughout the alley, and the greedy neighbors didn't sleep well all night. The people in Bell Hutong and the cotton alley next door have one characteristic, snobbery and pink eye. No one can be better than themselves. Otherwise, it's like digging up your own ancestral grave.

This Li Er was excluded and bullied all day long, even the children bullied his children, and he didn't dare to squeak, the neighbors all wanted to be faced, but they couldn't put down the shelf to ask. But if you Li Er have any way to make money, you can't take the initiative to talk about it, you are really a bastard, you have no conscience, you are black, you are not a person. Although he was in a hurry, he had to drink porridge at home and scold Li Er, and the poor ghost also slapped his swollen face and pretended to be fat, and he deserved to be poor for the rest of his life.

The men can bear it, the ladies can't bear it, watching the Li Erjia eat meat every day, the little cubs in the family are crying greedily. Li Er, who is not human, is too lacking in morality. The head of the house has been sinned, and he has not been able to live in peace.

The next day, a few neighbors sneakily followed Li Er out to see what he was doing.

This kind of thing happens everywhere in the thirty-six squares of the city. The Drum Tower and the Bell Tower Square have spontaneously become cash and goods exchanges for cloth. Li Jing instructed the various courtyards of Xintianzun to build bamboo sheds around the square and put tables and chairs. Set up a price card, mark the current price of each variety of cloth with a square paper one foot wide and three feet long, and change the new paper at any time when the price fluctuates.

The surrounding warehouses have been rented by various yards and used as warehouses.

The amount of buying and selling here is no more than ten horses, but it is very active, and the people involved are ordinary people in Sijiu City.

In the past two days, even the father-in-law in the palace has been on duty, and he ran out of Di'anmen to see the market, and the cloth they bought had to be brought back and hidden, which was very inconvenient. In addition, the price rises and falls too quickly, and it is too late to pick it up at home. Li Jing's new service has arrived.

There is an abandoned granary in the back street of the bell tower, covering an area of one hundred and thirty acres, and Li Jing bought it directly. Simply clean up, and the warehouse can be used. Li Jing found Fan Rencheng, the treasurer of the Baofeng in the capital. The warehouse was divided into a separate storage area and handed over to Baofeng to supervise, and all the cloth bought and sold had a cloth ticket for each horse, and the cloth ticket was similar to the banknotes of later generations.

With the guarantee endorsement of Baofeng, everyone can rest assured that the cloth will be stored in Li Jing's warehouse. If you pick up a piece of cloth, pay a handling fee of eight cents and an insurance fee of two cents. The handling fee is Li Jing's, and the insurance fee is collected by Baofeng, if the cloth cannot be withdrawn at that time, Baofeng will pay directly according to the market value. Baofeng went to deal with Li Jing again. In this way, everyone has no worries. Put cloth next to the trading market with confidence.

Since this cloth ticket is anonymous, that is, only the vote is recognized, and no person is recognized. Everyone soon found out that there was no need to buy any cloth at all, just resell the cloth tickets. It's very convenient.

After the issuance of the cloth bills, speculation intensified due to the convenience of trading, and the number of people involved in buying and selling increased unprecedentedly. Many small and medium-sized merchants, family members of bureaucrats, and even soldiers, Mongolians, Koreans, and Annam people in Beijing joined the feast.

Soon everyone found that it was too troublesome to find someone to trade, and they could hand it over to the bamboo sheds around the square to match the transaction on their behalf. The bamboo sheds in these yards charge a handling fee of one copper coin per piece of cloth for each transaction.

Li Jing took the opportunity to set the trading time of the bamboo shed as the morning and the afternoon. Trade for two hours a day, with a lunch break. On the same day, the Gulou Exchange was established in a tall abandoned hall in the former storage area of the warehouse. Traders are concentrated here to trade.

In front of the bell tower, a bamboo shed is set up to display the real-time trading prices of more than a dozen cloth varieties at any time. The exchange is membership-based, and each courtyard has one seat as a proxy dealer. A representative is sent to form a committee to elect the governing body, and the chairman is the first person in charge. Several vice presidents are in charge of various tasks. Dozens of traders are responsible for kneading trades.

Election of an inspection body to ensure that there are no private transactions and to protect the interests of investors. At the same time, an accounting firm composed of more than a dozen recruited bookkeepers was established to undertake related financial and audit work. These are ostensibly the institutions of the exchange, but in fact, because the traders are all in charge of the various courtyards controlled by Li Jing. In fact, the entire exchange was secretly operated by Li Jing.

Beijing kept more than 80,000 eunuchs as a tool for the emperor to intimidate officials and the common people. Most of these people are low-level little eunuchs who eat with a mouth, although they don't earn much, but they are quite idle. These people have no children, and they have no hope of climbing to such a high position as the celebrant and the celebrant are left with the pursuit of silver, and they are extremely enthusiastic about anything that can get money. Every time I get to the next duty, I am anxious and flocks come.

The development of the situation surprised Li Sancai's people, this cloth market is no longer under their control, this kind of spontaneously formed traders, they don't know how to control it at all, and if they don't do it, they will make a mess. They are also studying how to make money in this new situation.

With the price rising, the squires in the surrounding areas of Beijing also automatically rose up, and as long as the local cloth was transported to the capital, there was a profit of 30%. If it's human, you'll be red-eyed. As a result, the stock of cloth in the Beijing-Tianjin area began to enter the Beijing market on a large scale. With the sweep of goods in these areas, the price also began to rise, so the formation of the capital as the center of the spread of the price of the tide cloth began to rise and fall, every batch of cloth into the capital market, the price will fall. Whether it is Li Jing or Juren, the gang is eating. Then the price will continue to rise.

On the big sign of the bell tower money, in addition to the prices of a dozen varieties of cloth, there are two huge drawings. A change in a quarter of an hour. It reads "Daming Cloth Index". One is a candlestick chart and the other is a tick chart. It's all two feet square, and every time you change it, you add a new line and then hang it up. The two sets are replaced by each other. In the middle, a daily chart is hung, and a candlestick and volume histogram are added after the close of each day.

Juxian Building was directly wrapped up by Li Jing. The view here is good, and you can clearly see the transactions of the entire square. Bai Yu held the telescope and kept reporting the price changes. The four women draw Japanese candlestick charts and volume charts on the table, as well as moving averages, KDJ lines, MACD lines, etc. Draw a candlestick every quarter of an hour. In a time-sharing chart, a point is drawn in one minute and connected into a line. An hour is plotting an hour line. Li Jing knows better than anyone how the market changes.

At the end of the afternoon (about 3 p.m.), the exchange will stop trading. After the first day of trading, there were still people who were holding the cloth and trading on their own. Li Jing didn't care about these over-the-counter transactions.

Over-the-counter trading also stopped trading before the curfew. As soon as the street cleaning drum sounded, they all hurried home, so as not to be arrested and beaten to the board and eat in prison.