As for the situation in the Caribbean Sea, last year the British newspapers reported frequent riots there, and at this mont, no one would suspect crop failures due to war.
Well, rumors that are eighty percent true and twenty percent false are always the hardest to clarify.
On the sa day, Earl Spencer published retractions in the largest newspapers in London, but sotis the more you deny sothing, the more the public believes there’s sothing wrong.
Moreover, there are always so newspapers that like to be contrary, insisting on opposing the governnt, significantly offsetting the retraction news. Of course, among them are newspapers controlled by the United Irishn Association.
A week later, the situation of sugar rushing in England continued to escalate, with so sugar shops seeing booming sales and starting to raise prices secretly.
This further confird the contents of the rumors.
Finally, under Petit’s protest, Spencer was forced to issue a limit order that restricted sugar purchases to no more than two pounds per person per month.
Unexpectedly, this limitation made people more convinced that a severe sugar shortage was imminent—if there wasn’t a shortage, why would the governnt limit purchases?
However, while the restriction affected ordinary people, there were still those who had ways to obtain sugar.
For instance, by purchasing directly from the London Futures Exchange.
Even the upper classes in England believed that sugar prices would soar in a short ti.
Because of British capital entering the market, Petit had to increase the sugar offered to the market to around 9,000 loads daily.
However, under his firm shorting strategy, the sugar price continued to fall to 1 shilling and 5 pence per pound.
This caused those intending to bottom fish and panic stockpile buyers to calm down. The daily trading volu on the London Futures Exchange returned to the range of 7,000 loads.
Having finally solved his trouble, Petit sighed in relief, unaware that the true scythe of death was about to descend upon him.
...
Northern Caribbean Sea.
Santo Domingo, Port-au-Prince.
Carolina pointed at the densely packed cargo ships in the port and enthusiastically introduced to several people beside him, "Every day, ten ships are fully loaded with sugar heading for France.
"Oh, the Saint Domingo Council has an agreent with France that their sugar must be sold to French sugar rchants. In fact, a quarter of the rchant ships here belong to the Gemini Trading Company. You know whose business that is."
As he spoke, a middle-aged servant approached quietly and whispered in Salomon Rothschild’s ear, "Sir, it’s all confird; all the ships are loaded with sugar. The warehouses in the nearest towns are also full, and although we haven’t investigated further out, according to passing rchants, all plantations have had a good harvest this year."
Rothschild turned and murmured a few words to Valenberg, who nodded.
They indeed brought professionals here and spent a considerable amount gathering information, now basically confirming that Santo Domingo harvested at least 550,000 loads of sugar this year.
The Saint Domingo Council had already codified in law that sugar must not be purchased with any currency other than the franc, thus ensuring this sugar would enter France’s warehouses.
At the lunch table, Rothschild raised his hand to attract everyone’s attention and nodded, "I believe everyone has done the calculations.
"There is over 550,000 loads of sugar here.
"We saw over 200,000 loads in the warehouses in Lorraine, which ans France’s beet harvest had no issues. Even at last year’s production levels, there’s 750,000 loads."
He gestured to a man with a Greek appearance beside him, "Mr. Labed confird that the Ottoman’s sugar is sold to France, purchased by a company called Eastern diterranean Trading Company.
"There are about 200,000 loads there.
"So, the Paris Futures Exchange will have more than 1.5 million loads of sugar in stock.
"And in London, they have made so reserves, but it shouldn’t exceed 1.1 million loads.
"I believe there is potential for profit in ’that matter’."
Even before he finished speaking, Carolina smilingly added, "I must correct you on one point, Mr. Rothschild; the British do not have 1.1 million loads."
————
A little more to write, please refresh after half an hour. Very sorry.
On February 23, 1744, Mayer Amschel Bauer was born in the Jewish Quarter of Frankfurt; his father Moses was a traveling goldsmith and moneylender, making a living in Eastern Europe before Mayer was born. After Mayer was born, he decided to settle in Frankfurt. Mayer exhibited extre intelligence from a young age, displaying remarkable intellect at the age of six. In these circumstances, Moses poured his heart into teaching him about money and lending business knowledge. Several years later, Moses passed away, and encouraged by relatives, Mayer, only 13, beca a banking apprentice at the Oppenheir Family Bank in Hanover. Although he was only 13 at the ti, he quickly stood out, earning enough to buy back the accountant’s office and run banking operations at the age of 20. He began trading in antiques and coins and also handled currency exchanges. Due to his savvy and relying on the influential Count William, his business thrived. Later, not only did he deal in cotton goods, tobacco, and alcohol, he also began to engage in banking, becoming Frankfurt’s wealthiest man over 20 years. He successfully initiated various financial transactions, including bond, stock trading, and special currencies, and thus established fruitful business relations with German nobles. The family business expanded in his forties, as Rothschild dispatched his five sons to different European cities to conduct regional financial business. From then on, they adopted the emblem of five arrows, which remains visible today in Rothschild banks worldwide, symbolizing the power of unity. One key strategy for yer Rothschild’s success was keeping the business under family control, thus allowing proper judgnt of their wealth and business results. He also strategically arranged marriages among family mbers to ensure that their wealth stayed within the family. The main business direction of his banking group during warti was providing loans to the warring nation’s nobles and selling key personnel, also handling international exchanges and taxes between England and Europe; post-war, the group involved itself in governnt securities, insurance, and corporate stocks, and invested in railways, coal, and steel, promoting the European Industrial Revolution and economic developnt.
On February 23, 1744, Mayer A. Bauer was born in the Jewish Quarter of Frankfurt; his father Moses was a traveling goldsmith and moneylender making a living in Eastern Europe for many years. After Mayer was born, Moses decided to settle in Frankfurt. From an early age, Mayer showed extraordinary intelligence, so Moses systematically taught him about finance and the business of lending. Several years later, Moses passed away, and the 13-year-old Mayer, encouraged by relatives, beca a banking apprentice at the Oppenheir Family Bank in Hanover.
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