Chapter 149 Cotton Prices, Currency Exchange Rates (Five Changes)

"Mr. Luo Yin, it's all done!"

Listening to the excited voice in the intercom, Luo Yin had a bright smile on his face.

"Tell me about it."

"Good ......"

Today is April 10th.

The caravan carrying metal currency departed from the city of Chombi on March 26.

Because of the high value of the goods and the high transportation fee of Luo Yin, their speed was very fast, and the journey of almost a month was completed in half a month.

In the morning, Lunn brought someone from the Yunjin Mining Company over to inspect the metal currency.

The end result was that the gold, silver and copper currency of the United Kingdom of Stokato's currency was about the same purity as the local natives traded with them.

You can use it directly without recasting, which saves a lot of money.

This is also why Luo Yin sent these currencies out for inspection. If it is directly melted and cast into pure metal and sold, it may lose a lot.

However, the currency of the United Kingdom of Stokato is of high quality, almost 1 copper coin is equal to 10 copper coins of indigenous people.

The conversion of Sirius Coins to their Indigenous Copper Coins is: 1 Sirius Coin equals 20 Indigenous Copper Coins.

That is, 1 wolf coin is equal to 2 Stokato United Kingdom copper coins, equal to 10 United Kingdom coins, and equal to 20 indigenous copper coins.

In the United Kingdom of Stokato, the official exchange rate for Unicoins and Sirius is also 1 Unicoin equal to 10 United Coins, although it is difficult to exchange.

This made Luo Yin a little disappointed, and he also wanted to see if there was any room to drill.

But it doesn't hurt. Metal currency can be used, as long as there is no depreciation.

After hanging up the call with Lunen, Luo Yin felt that Lunen still had the ability and good efficiency, and he felt that he was a little condescending to stay in Haihui Trading Company.

Luo Yin remembered that Lunn seemed to have said that he was tired and tired for a month, and it seemed that he only earned tens of thousands of joint coins...... Maybe you can dig it up?

When Lunn returned, Luo Yin felt that he could probe his tone.

The kingdom's metal currency is fine, then it's time to buy cotton.

Lunn said that the price of their cotton was 500 wolf coins per ton, which is 5,000 coins.

And the import price of their cotton is said to be 11,000 tons. And after being allocated to other companies, it is more expensive, and even increased to 151,000 tons, so it is still in short supply.

If Luo Yin buys these cottons, it will definitely be a profiteering business.

However, Luo Yin didn't plan to sell it to others, thinking that he was not sure how much cotton there was for the time being, and Lun En had only found this place to grow cotton, so Luo Yin could only supply it for himself first.

Of course, that's all for later.

Now the first batch of metal currency shipped out has been given to Yunjin Mining Company, with a total value of 100,500 United Coins.

The reason why this number is because the metal currency that Luo Yin gave was 1 gold coin, plus 1 silver coin, plus 10,000 copper coins.

1 gold coin is equal to 50,000 unions, 1 silver coin is equal to 500 unions, and 1 copper coin is equal to 5 unions, for a total of exactly 100,500 unions.

And the reason why Luo Yin did this was that he wasn't sure if there were many rare metals in this world, anyway, according to past experience, copper was the least valuable, and gold was the most valuable.

So while the copper coins were still valuable, he tried to use copper coins as much as possible, followed by silver coins, and it was best to keep the gold coins for himself.

And there are too many copper coins to store, so it's better to spend them all.

This metal currency worth 100,000 United Coins can buy a total of 20 tons of cotton, and now that these cotton have been loaded, it is estimated that it should be available in about half a month.

……

On this day, Henry suddenly contacted Luo Yin, saying that their commercial bank was going to sell the shares in his hand, and asked Luo Yin if he would accept it.

Luo Yin was a little puzzled, and Henry explained that the commercial banks were not optimistic about the project, and David was blowing on the president's side, which led everyone to vote in favor of withdrawing from Jumian Company.

Henry had no choice but to ask Luo Yin if he would accept it

Luo Yin said of course he would accept it, just according to the previous price of 5,000, Henry said that there was no problem.

Then Luo Yin bought the shares of Jumian in the hands of commercial banks at a price of 77,500.

Henry was somewhat sad, and he himself was inevitably criticized for the failure of this project. And he felt that he couldn't help Luo Yin, so he was very disappointed.

Luo Yin told him that it was okay and asked him to come over tomorrow.

Jumian Textile Company, conference room.

Luo Yin sat on the main seat, and Puran and Novia sat on his left and right.

Looking at the somewhat empty conference room, Puran sighed.

Not counting the shareholders who wanted to speculate a few days ago, there were twenty-one shareholders of Jumian Company at the most, although there was a mysterious orc lady from the meeting, there were also twenty people.

Like now, there are only three people in the conference room of Nuoda.

"It's useless to have so many people, it's better to have three of us!"

Novia said with a smile.

"The Countess is right!"

Puran retracted his melancholy.

"How's the company doing?"

Luo Yin asked.

"It's very bad, if you ignore these machines and plants, the company may not be in a good state before the financing back then......

Puran shook his head and smiled bitterly.

"There's no way to produce cloth now, and for one ton of cloth, we can match two tons...... But if it is not produced, the machine is still regularly maintained, and the workers have to be paid, and if you count some rent or something, you will lose a lot of money......

Listening to these tragic situations, the expression on Luo Yin's face remained unchanged, and he asked again:

"How much money do we have left?"

Puran took out a small notebook and said as he looked at it.

"We paid dividends in January, so the company only has 600,000 left. There was no dividend in February, so there was a profit of 1.5 million. In March, that is, last month, we only made the first half of the month's money, and the profit was 800,000. That adds up to 2.9 million. Excluding all kinds of raw materials, expenses, and so on, there are still 2 million ...... left."

"And then because of the Phantom Company, we have been losing money and subsidies for more than 20 days, so our company only has 1.4 million in our hands now. An average loss of 30,000 ...... a day."

Puran is very uncomfortable, losing 30,000 yuan a day!

Luo Yin was a little surprised, this number was lower than he expected.

I have to say that Polan's ability is still very good, at least the defense is very good.

"You're doing a good job, and under this situation, you can lose another month and a half."

Luo Yin said with a smile.

Poran: "......"

Novia glanced at Luo Yin angrily and said:

"Can't you cheer us up and boost our self-confidence?"

"Come on, we'll get through it in no time!"

Luo Yin said suddenly.

"Cut, it's so insincere!"

Puran ignored the flirting between the two, and he continued:

"However, the Phantom Textile Company has only set up an office in Jongbi City, and has not built a factory, which may be the only good news......

Poran's tone was a little helpless.

The reason why Phantom Textile Company did not build a factory is very simple. One is that he is a foreign company, although he can't deliberately make things difficult for foreign companies now, but the city hall is still biased, and it is not so easy for them to build a factory, and all kinds of qualification audits can card them for a long time.

The other is that they are not in a hurry to build a factory, just waiting for the Jumian Textile Company to close down. If it goes out of business, there will be ready-made factories and workers, which can be used directly, and it will save a lot of money than building factories and recruiting workers and buying machines.

"By the way, this is the share I helped you recover, and you haven't taken it."

Puran pulled out a thick stack of papers.

Currently, the company has only three shareholders.

Plane holds 5% of the shares and Novia holds 10%.

And Luo Yin holds 85% of the shares!