Chapter 233: The Cotton Contract
In the early twenties, the United States had just relied on the abundant funds accumulated in the war after World War I, and with the breakthrough of some new technologies, there was a boom in updating production equipment, expanding production scale, and adopting new technologies. At the same time, the United States has also vigorously pursued the "rationalization of industrial production."
In pursuit of high profits, the monopoly bourgeoisie, relying on the economic power it had expanded during the First World War, the opportunity of the post-war economic recovery of the European countries, and the financial dependence of the Western European countries on the United States, seized a large number of new overseas markets and exported capital and goods.
After World War I, the United States replaced Britain's dominant position in Canada with the infiltration of economic influence, and in Latin America, the United States used the "gold dollar" diplomacy, the "big stick" policy, and the slogan "America is the America of the Americans" to squeeze out the capital of European countries, making Canada and Latin America the main investment venues for US monopoly capital.
Before World War I, Egypt's cotton economy was blocked by American and British monopoly capital, which bankrupted Egypt's de facto ruler, Ismail Pasha, and now the Atlanta Cotton Exchange monopolizes cotton futures in a large area from Central and South America to Canada.
The main reason why the First Textile Company has attracted so much attention is in line with the curiosity of the locals, a multi-million dollar company owned by two young girls, who are not ordinarily beautiful but amorous.
Of course, these alone will not make these two people the focus of the social circle, and the rich people are not bad for these two people, the key is that these two young girls are quite good at the company's operation, and in just one week, they actually surpassed all the company's performance and made more than 10,000 dollars.
You must know that this time was in the United States in 1922, and the monthly labor income of workers on the Ford production line was tens of dollars. Wu Wan's more than $10,000 can feed hundreds of families for a year. The United States is a country that advocates self-struggle, and the results of struggle are measured by money.
Even if a man achieves such a good result, the local newspaper will not be stingy with pen and ink, let alone two young women, or a woman with beauty and money in one. All the local newspapers focused on digging up and reporting on these two business elites.
Some newspapers and magazines have obtained first-hand information that Helen is of Japanese descent, and his grandfather immigrated to Peru from Osaka, Japan, and set up a silk factory in Peru. Later, his daughter met a young American traveling from Kansas City to Peru, and the two fell in love.
Until the year before last, Helen's parents were killed in a fire in Peru, leaving behind their only child, Helen, and a Kansas City couple, Marina's parents at First Textiles.
Marina's parents were close friends of Helen's father in the United States and accepted Helen's father's invitation to Peru to help run the company.
Helen's parents were involved in the mining and silk trade in Peru for more than two decades, especially during World War I.
The two girls, who were left alone in Peru after the death of their parents, returned to the United States last year after selling their family property.
After returning to the United States, the two of them traveled to the United States, and their first stop was Atlanta, where they established the first textile company. Helen was 164 cm tall and unmarried at the age of twenty-three. Marina is 167 cm tall, blonde and blue-eyed, a typical American girl, 20 years old and unmarried. According to unconfirmed grapevine, First Textiles has access to a terrifying amount of more than five million dollars.
The story immediately caused a stir in the city of Atlanta, and the life stories of these two girls are particularly in line with American culture.
The Puritans believed that a person's wealth and fortune were God's reward and punishment, and that if a person was poor, it must be God's punishment for not working hard, and that no one should help him against God's will. Americans do not believe in fate, and if there is fate, they cannot climb the ladder by their own efforts.
Unlike their European brethren, who had deep-rooted notions of aristocracy, hereditary, and inheritance, self-made Americans seem to be more self-motivated.
Instead of resting on their parents' wealth and enjoying themselves, the two girls chose to start a business in the United States and made a lot of money.
Wang Xiaomei was lying on the sofa in the room, holding the newspaper of the day in her hand, reading and laughing by herself.
"Marina, come over and see how you are characterized."
"With a charming figure, long blond hair and blue eyes, it is a man's dream stunner, and you should remember that Marina is estimated to be worth around two million dollars."
Marina, also known as Lina, said with an unhappy face: "American newspapers are really boring, if the boss in Shanghai is ......." ”
"Marina, I warn you one last time, and I will immediately let you go to New York and report to the boss that you are not disciplined."
Marina muttered in defense: "Sister Helen, I know it's wrong, it's not like no one." ”
Wang Xiaomei's original work in the international trade company engaged in the textile industry, the United States cotton futures are particularly knowledgeable, Yongan Textile Factory from the United States every month to buy a large amount of cotton is Wang Xiaomei's confidence. In the previous stage, she just bought it as long as the price was suitable for her, bought it in batches, and sold it to the company's branch in the United States.
After World War I, Europe and the United States were in a period of economic recovery, a large number of soldiers and women returned to the front line of production, and having money in their hands would naturally promote consumption, and the demand for daily clothes would turn into a strong stage, and the price of cotton was the main raw material for textiles.
However, Wang Xiaomei found that the price of cotton did not rise with strong demand, which deviated from market demand. There needs to be a spark to ignite the cotton price, otherwise it will linger for a long time.
On Monday morning, Wang Xiaomei and Lina walked out of the room, and a group of tabloid reporters gathered in the hall downstairs, and saw Wang Xiaomei and Lina swarming up as if they had seen prey.
The hotel security guard immediately stepped forward to stop them, and the two walked out of the hotel lobby amid a noisy stream of questions.
In the morning, Wang Xiaomei carefully ate more than 500,000 US dollars in October cotton contracts, and at noon, the two of them ate two hot dogs casually in the operation room of the exchange. This act was also widely reported in the newspapers the next day, and the success of the two excellent beauties with five million dollars was so simple, and the two hot dogs with thirty cents solved the food and clothing of their stomachs.
After lunch, Wang Xiaomei frantically swept the goods at the end of the day's trading, and the November contract of more than $4 million created the craziest sweep in the history of the U.S. cotton trade.
With the end of the day's trading, the price of cotton futures was forced up by Wang Xiaomei by three dollars. Many people can't understand whether these two girls are losers or not, as for sweeping the November contract in just ten minutes, it can be slowly absorbed in five or ten days, do they have inside information.
Several newspapers of the Carrotta Holdings received a news report from the Republic of China this morning that the Xingye Industrial Company based in Shanghai will invest heavily in building a modern textile factory in Nantong, which will bring more than 30,000 local people to work.
David Davy, a British journalist in New Delhi, India, took a stack of pounds from an Asian-faced businessman and put it in his pocket. He wondered if it was beyond his comprehension. This year's severe drought in India is an ironclad fact, and this benevolent brother actually sent him money to interview the officials in charge of India's agricultural production in the British suzerainty, and if he wanted to come to the conclusion that India's cotton output had been reduced on a large scale this year, he could have come to this conclusion without interviewing.
The next day, David interviewed the officials in charge of agricultural production about the matter, and returned to his apartment to write a detailed account of this year's drought in India, and the officials predicted that this year's cotton production in the main cotton-producing areas on both sides of the Ganges River would be greatly reduced.
Through his connections, he had the London Times publish his article "India is hit by a century-old drought, and cotton production will be drastically reduced" in a prominent position on the third board. The story was subsequently reprinted by several newspapers of the Carrotta holding and was published under the news that a large textile mill would be built in the Far East.
The next day, the November contract on the Atlanta Cotton Exchange still rose, but only slowly. The two young ladies did not appear on the exchange the next day, and a mysterious transfer of up to 4 million was made in the account of the First Textile Company.
The Atlanta Cotton Exchange was surprised by First Textiles' behavior by using a one-to-one quota to buy contracts, but the company bought them all in cash and did not propose to use one-to-one quotas until today. It is impossible to say that they are Xiaobai, how can they be Xiaobai if they have a keen market vision.
Saturday showed the merchants of the exchange what it means to be crazy, and the two best girls who have not been to the exchange for four days sit on the trading table with hot dogs in their hands. He smiled and nodded at the traders around him.
The November contract has risen moderately by $10 at this time, and everyone thought that these two girls were here to settle down, and the November contract fell by $1 at the opening of the afternoon market. Everyone thought that these two girls were as quick as sweeping the goods and sold the contract in a short period of time.
Until the end of the transaction with 20 minutes left, Wang Xiaomei made a decisive $8 million move to sweep the October and November contracts. For the first time, First Textiles used a one-to-one quota. After constantly shouting for quotations, Wang Xiaomei's voice began to be fiery and hoarse. At the end of the week's trading, everyone in the exchange stood up and applauded, applauding from the bottom of their hearts.
Sunday's newspaper carried an interview with an authoritative US figure saying that because the peasant households' enthusiasm for production was not high due to the forced implementation of the collective farm system by the Soviet Russian Red Regime, Soviet Russia will greatly reduce its agricultural output this year, and will change from a cotton exporter to a pure importer. The Far East has been hit by a large area of locusts this year, and cotton production may be extinct. India, the world's main cotton producer, is hit by the worst drought on record, and cotton production will be halved.
This authoritative person also systematically analyzed the increasing global demand for textiles, and pointed out in particular the impact of the large-scale construction of modern textile mills in the Far East on cotton prices. The story was on the front page of a major New York newspaper.
On Monday, it was widely reprinted in the economic columns of major newspapers and magazines in the United States, which correlated the general rise in wheat, corn, soybeans and other agricultural products, and the most bizarre increase was of course the price of cotton.