Chapter Seventy-One: Being Remembered

When they heard the news that Zhao Dagui was going to build a railway, the reactions of the foreign businessmen and the Chinese businessmen were completely different, and the foreign businessmen were very excited about this and kept a high degree of concern about it; the Chinese compradors reacted coldly, but they were even more interested in the news that Zhao Dagui wanted to sell all the stocks in his hands as soon as possible and return to England for a period of time.

In this way, Brother Zhao wants to clear the inventory of foreign cloth and other goods in his hand as soon as possible. I just don't know how much this batch of inventory is worth, and how long it will take to sell it out?" Lin Aqin from Yisheng Xing came to him and couldn't help but ask.

"I took stock of the inventory, including foreign cloth and various foreign goods, with a total value of about 1.1 million.

Brother Lin also knows the shipping rules of this foreign goods, and asks the warehouse agent to give a commission of 5%, 10 to 15 percent according to the speed of time.

I plan to cooperate with warehouses in Suzhou and this county to sell this batch of goods, but I am not particularly anxious to ship, so I will give them a 5% commission, when it will be sold out, and when it will be settled and then go to the UK. Zhao Dagui replied with a smile.

The current inventory of foreign goods in Dagui Commercial Bank is 900,000 yuan, but that is the price of goods taken from foreign merchants who arrived in the magic capital, and if they want to sell to Chinese merchants, they will have to increase the price by about 20%, which is almost 1.1 million yuan.

"Well, so many goods have to be cleaned, I'm afraid it will take some time. What will happen to your firm's business during this time?"

"I estimate that according to the current popularity of foreign cloth, it will be sold out in three months.

During that period, the Dagui firm was open as usual. ”

Lin Aqin nodded, not knowing what to think.

Zhao Dagui looked at Lin Aqin, his heart was very complicated, speaking of which Lin Aqin's Yisheng Bank was the biggest competitor of Dagui Commercial Bank, and the competition between the two was very fierce.

It can be said that two-thirds of the normal foreign goods business that can be declared for customs purposes, such as foreign cloth in the magic capital, is controlled by the Dagui Trading Company, while the illegal goods business such as opium, which can only be smuggled, is controlled by the Yisheng Bank and two-thirds of the entire market.

In this way, these two foreign firms together control two-thirds of the foreign trade of the entire magic capital, and the other foreign firms and compradors together account for the rest.

Lin Aqin didn't know whether he was lucky or stupid and bold, he was originally just a small businessman from Guangdong, but when he went to the magic capital to do business a few months ago, he was favored by a group of British businessmen, and he lent him 8,000 silver dollars to establish Yisheng Bank, acting as an agent for various transactions, and it actually flourished and developed very quickly.

In industries such as foreign cloth and silk tea, Zhao Dagui entered in advance, and he did a very good job, so that Lin Aqin couldn't squeeze in, so he started with the opium business that Dagui Commercial Bank never did, and started it little by little.

Originally, the business of Yisheng Bank was much worse than that of Dagui Commercial Bank, but Zhao Dagui began to develop in Suzhou in March, and as a result, Lin Aqin quickly followed up, and also followed to Suzhou to grab the source of goods and markets, and Zhao Dagui competed extremely fiercely, taking advantage of Zhao Dagui's disadvantage of not dealing in opium, dumping a large amount of opium in Suzhou, and fighting a tragic price war, always giving a higher price than Dagui Commercial Bank, just trying to squeeze the market share of Dagui Commercial Bank little by little.

Zhao Dagui secretly pondered that the financial strength of Yisheng Bank was probably only above Dagui Commercial Bank, not below it.

In the past, Lin Aqin was just like Yang Fang, but now he is on an equal footing with Zhao Dagui or Wu Jianzhang and others.

"Brother Zhao is not only going to clear the goods, but also going to the UK for a period of time, have you ever thought about selling all the noble firms together?" Lin Aqin thought for a while and suddenly asked.

"That's... I really didn't think about it. Zhao Dagui smiled and replied, "I want to invest in a bigger business now, not lack of money, how can I sell my foundation."

Believe it or not, even if I am gone, it is still no problem to make a profit of 200,000 or 300,000 yuan a year just by relying on the four words of Dagui Commercial Bank?

"Oh, that's right, I lost my word. Lin Aqin apologized absentmindedly, but he didn't know what he was thinking.

Zhao Dagui secretly shouted in his heart, you really want this noble firm to give two or three hundred thousand, and then wrap up all my foreign cloth inventory, and make up one hundred and thirty or four hundred thousand, I will sell it to you immediately Believe it or not.

It's just that Zhao Dagui understands in his heart that others regard Dagui Commercial Bank as his foundation, and once he announces that he wants to sell Dagui Commercial Bank, it will inevitably make people feel that the commercial bank has encountered serious capital turnover problems, and there are countless rights and wrongs in vain, which is not conducive to shipments, so this must not be opened.

In order to better intervene in this investment, Jardine Matheson and Taichu and other large foreign companies even said that when there is a foreign business in the future, they can give more preference to the Dagui trading houses, and give priority to the Dagui trading houses when the price difference is not large.

Zhao Dagui only accepted these words as a scene, but the faces of Chinese compradors such as Lin Aqin and Wu Jianzhang instantly became very bad, and they almost suspected that Zhao Dagui's proposal of this unheard-of railway plan was actually to change the appetite of foreigners and take away more market share.

When the reception was over, Wu Jianzhang returned to his house in a sedan chair, but his face was uncertain.

"My lord went to attend the banquet of the British consul today, why are you so worried when you come back?" The chief housekeeper of the Wu family is a close friend who has followed Wu Jianzhang for many years, and he is also deeply involved in the Wu family's business, so he asked at this time.

"At the reception today, Zhao Dagui suddenly proposed a plan to build a railway, and I was thinking about what this means. Wu Jianzhang sighed, and briefly told the butler what happened at the reception, hoping that he could help think about it.

Hearing that Zhao Dagui was going to build an unheard-of railway, he did not hesitate to sell the foreign cloth at a low price, and he also had to go to England to entrust the thriving noble business house to the shopkeepers, and the housekeeper was also distracted for a while.

"That's good news overall. The housekeeper thought for a while, and said uncertainly: "This railway is unheard of, whether it can make money or not, Zhao Dagui wants to invest in the railway, it will inevitably occupy a lot of money, and he can't invest all his energy in the foreign goods business."

Not to mention that it would take him at least a year or two to make a trip back and forth to England, and no matter how capable the shopkeepers of the noble trading houses were, the business would be much worse than when he was there.

In this way, the proportion of the Dagui trading houses in the foreign goods business will inevitably drop sharply in the future.

In terms of today's situation, Lin Aqin's Yisheng Bank monopolizes more than 60% of the opium trade, and Zhao Dagui monopolizes more than 60% of the foreign cloth business, and the two are actually the strongest compradors in our magic capital.

Zhao Dagui is leaving, and the share of trade he originally did will be taken out, and our Wu family can take the opportunity to pull more business, don't you say?"