Chen Yutang just wanted to buy all the cotton yarn that these big Japanese merchants had stockpiled.
Then it is sent to Shengxin United Textile Factory, which is controlled by the company, to be made into cloth.
The woven fabrics could be sold directly to the "Qingjiang Guerrillas" through the covert method of buying and selling sulfanilamide, and taken out of Shanghai.
In other words, Chen Yutang had no intention of bankrupting these Japanese businessmen.
Forcibly purchasing cotton yarn from them at the current market price may cause them to make less profit, but less profit is still profit!
It’s a pity that these Japanese businessmen refused to accept the toast and then didn’t blame Shen Yutang for striking hard and bankrupting them all!
Since the salesmen sent out could not buy cotton yarn from these big Japanese businessmen, Shen Yutang had to buy it from small merchants in Shanghai at high prices.
Now, no matter the quantity or whether the other party is a Japanese businessman or a Chinese businessman, they all express their willingness to purchase at a price 30% higher than the market price.
But most of the time, Shen Yutang would ask these salesmen to pay the full amount the next day.
As a result, in order to keep "Fuji Co., Ltd." out of the cotton spinning industry.
The Cotton Textile Chamber of Commerce founded by Tokugawa Sosuke and others followed closely behind these salesmen and bought the cotton yarn from these small merchants on the same day.
Of course, at this time, the price paid by Tokugawa Sosuke and others was almost 30% higher than the market price.
As this situation became more common in the market, the overall price of cotton yarn naturally rose sharply, and the market price reached 4,800 yen per piece.
Behind the scenes, Shen Yutang actually sent salesmen to buy cotton yarn at high prices in Shanghai, not because he really wanted to buy the cotton yarn at a high price.
She just wanted to slowly push up the price of cotton yarn in Shanghai so that the Cotton Yarn Chamber of Commerce led by Tokugawa Sosuke and others would continue to buy it at a high price!
A group of salesmen from Fujin Co., Ltd. promised to buy cotton yarn at high prices in cash throughout Shanghai.
Another group of the company's salesmen, led by manager Wang Jianbin, went to surrounding cities to purchase cotton wool and cotton yarn, and shipped as much as possible to Shanghai.
With the advance warnings from major Japanese businessmen such as Tokugawa Sosuke, and the blocking of some channels and connections.
Manager Wang Jianbin went to cities around Shanghai to purchase cotton yarn, but the cotton yarn operation was not smooth.
The cotton yarn available was very little, but I bought it directly from the farmers and still managed to buy dozens of tons.
One ton of cotton wool is one thousand kilograms. Excluding loss, one ton of cotton wool can be made into one piece of cotton yarn!
Other textile mills may have been under pressure from the Japanese Cotton Textile Chamber of Commerce and were unwilling to process the cotton produced by Fujita Co., Ltd.
However, the Shengxin United Textile Factory controlled by Shen Yutang was able to secretly turn the cotton wool from "Fujian Co., Ltd." into standard cotton yarn on the market at her instruction.
The first batch of dozens of tons of cotton wool that Manager Wang Jianbin bought was woven into more than 200 pieces of cotton yarn with a market value of more than 800,000 yen.
Shen Yutang then had this batch of cotton yarn put on the Shanghai market, and again sent salesmen from the Shangqiu branch to buy it at a high price.
This time, the price of this batch of cotton yarn was pushed up again, and the price of one piece was called out to 5,800 yen.
In order to prevent Fujita Co., Ltd. from taking over these goods, Japanese merchants such as Tokugawa Satoshi took action again and took over all the more than 200 pieces of cotton yarn.
All of a sudden, this batch of cotton yarn was sold at a high price of more than one million yen, allowing Shen Yutang to make a small profit.
But this was just the beginning. In order to expand the supply of cotton yarn, Shen Yutang directly sent a telegram to Jack Will in the United States.
Let him purchase two cargo ships of cotton yarn from the United States.
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