Tiantang Splendid

Chapter 217 The Exchange
Li Chengqian felt strange about everything in Fangjiawan, so he naturally went to this "exchange" to have a look.

Du Huaigong, like his father Du Lianzhong, is a member of Wei Wang Li Tai's line, but he can't offend Prince Li Chengqian for nothing, so he leads the way.

Walking all the way among the densely packed tall warehouses, until I turned several turns, I saw a house standing on the side of the street, with five doors open, and it was open and grand.

Under the whitewashed walls and black tiles, under the carved beams and painted buildings, is a magnificent gate. On the lintel is a plaque with three powerful characters on it: Exchange...

Just at this time, a carriage with two horses driving a shaft came from far and near, and stopped in front of the exchange.

The curtain of the car was opened, and a beautiful woman in a costume got out of the car, surrounded by a group of guards and maids, swaying lightly with lotus steps, and entered the courtyard.

Li Chengqian said in astonishment: "Whose lady is this? What a grandeur!"

Du Huaigong smiled and said: "Of course it's magnificent, who doesn't know Mrs. Wu in Fangjiawan now? The whole Fangjiawan belongs to her family!"

"Could it be the concubine His Majesty bestowed upon Fang Jun?" Du He asked, remembering this matter.

Du Huaigong said: "Exactly."

Li Chengqian wondered: "What is she doing here?"

"That Fang Jun put on airs, and now he hardly comes here. The daily operations of this pier and the exchange are all decided by Mrs. Wu." Du Huaigong explained.

Li Chengqian was amazed: "This Fang Er is really unexpected in every way! How can such a large family property be handed over to a woman?"

Du He said sourly: "This kid is really lucky, this lady Wu is really as beautiful as peaches and plums..."

Wu Meiniang is dressed in a splendid attire, graceful and luxurious.

She is wearing a bright yellow nine-pleated skirt made of Luoyinni, her upper body is wearing a five-colored Luoyinni shirt, and a large single-filament red-ground silver clay scarf is draped over the shirt. The topknot is combed into a mature Japanese bun, and the hair accessories are replaced by a more elegant ebony pearl hairpin from a golden step hairpin. There is a little bit of bright red hibiscus-shaped flower in the center of the distant distant mountain eyebrow, which is just right. It complements the tender Wuxiang's lips, and the blush is lightly brushed on the face between the lips and eyebrows.

She was originally a gorgeous and unparalleled beauty, but she was even more eye-catching when she was dressed up in such elaborate attire.

It's no wonder that Du He, who is so used to beauties, is also a little fanciful, and is very jealous of Fang Jun's beauty.

Li Chengqian just smiled and walked towards the courtyard without making any comments.

Du Huaigong grinned, thinking that it's possible that His Royal Highness really likes "rabbits" instead of the charming and charming lady, as rumored outside?
The three of them entered the exchange together, and the guards guarding Li Chengqian wanted to follow in, but Li Chengqian stopped them and ordered them to wait outside.

Stepping into the auditorium, you can see that there is sufficient lighting and magnificent layout. In the center of the hall, there are four rows of wide trading desks neatly arranged in the shape of a "mouth". Each row has a total of nine windows, a total of 36 windows.

Around the central trading desk, on the east and west sides of the hall, there are rows of seats with backrests and armrests, which are for businessmen who come to the auction house to sit and rest and watch the 'Water Sign'.The so-called water signs are wooden signs hanging on the top of the trading desk one by one, one for each trading desk, with three or four daily guide prices on them... The price is determined by the auction house combined with the previous day's market price. out for traders' reference.

"Then how is this thing traded?" Li Chengqian asked curiously.

"It's like this." Although Du Huaigong is a dude, he is quite familiar with the basic business, and explained: "Each trading cabinet also sells three or four different commodities... As you can see, what does the water sign on it say?" , the counter below will do any transactions. First, the owner of the goods will register the goods to be sold at the counter one day in advance, and then the auction house will send a commissioner to inspect the goods and seal them up. Finally, the total number of pieces will be counted and written on the water sign... This The number is the number of commodities of this type available for auction the next day."

"and then?"

"When the market opens the next day, the 'broker' behind the counter will write down the guide prices of several types of commodities he is responsible for, and then accept the quotation."

Du Huaigong is very familiar with the process, and it is not the first time he has come here to trade.

"And the highest bidder wins?"

Li Chengqian felt as if he had become a three-year-old child who didn't understand anything, and couldn't understand anything. This feeling was very bad, and he frowned and said, "I feel like I'm driving up prices, or am I thinking something wrong?"

Although he is not a merchant, he has been trained by His Majesty Li Er as his future successor for a long time, so how can he not know about economic matters?

"It's not that simple." Du Huaigong said with a smile: "Fang Er founded this exchange at the time, playing the signboard of stabilizing prices, and maintaining stability is his purpose."

Then, he said with admiration: "Fang Er has some skills. The method he designed can effectively curb price gouging and hoarding; provide a stable and reasonable price for all parties involved in the transaction. Such a thriving foundation!"

Li Chengqian found an empty seat and sat down, and said with great interest: "Let's explain the truth to someone here."

Du Huaigong didn't take his seat, he looked anxiously at the water sign hanging on the trading desk, and was relieved that he didn't see any tung oil for sale.

At this time, he absolutely dare not walk away. Don't look at His Royal Highness, who looks harmless to humans and animals, but is actually not a good tempered person. If he walks away with his hands, he will definitely annoy him. At that time, he will be regarded as His Royal Highness King Wei. I can't stop this guy's anger...

Then he explained in detail: "When the trading desk accepts the quotation, the purchaser can refer to the guide price, write down the quantity he is going to buy, and the highest unit price he is willing to pay, seal it in an envelope, and then put it in the corresponding counter. In the wooden box."

Du Huaigong pointed to a square wooden box on the counter beside him and said, "The corresponding product name is written on the front of each box, so there is no mistake."

Seeing Li Chengqian nodding, Du Huaigong continued: "The bidding time is from Chenshi to Weishi every day, a total of four hours. Once the time is over, we will stop accepting quotations, and the agent will open the box in public and list all prices from high to low. The order of the bid is written on the water card. The highest bidder will get all the pieces he needs; the second highest bidder will get the remaining pieces he needs, and so on, until the product is all sold out... All winning bid prices are It’s called the successful bid. The lowest one is called the lowest successful bid.”

"Isn't that the same thing with different prices?" Although Li Chengqian has never seen this kind of trading model, he is definitely not stupid... If he was really stupid, His Majesty Li Er would not have been lucky enough to train him for so many years. Changed prince long ago...

Du Huaigong explained with a smile: "Your Highness...Da Lang asked a good question, but Fang Er's solution was even more clever - when all the pieces are allocated, all successful bidders will be sold at the lowest successful bid, which is fair."

Li Chengqian thought about it carefully, and the more he thought about it, the more he felt that this method was really wonderful. First of all, it was fair and open, and it could not be faked in black and white, and the one with the highest price would win.

Moreover, this kind of one-price, non-repeatable auction makes it very difficult for malicious bid-up... Unless you are going to use a high price to make money, don't even think about using babysitting to raise the price of a certain product. , which is undoubtedly good news.

Moreover, this method of comparing the unit price without the total price is more beneficial to those merchants who are in urgent need. As long as the price is set higher, they will always get it...and most of the transaction prices will be lower than the asking price, so don't worry about losing too much big.

"The protection for buyers is indeed in place." After thinking about it, Li Chengqian gave a thumbs up, and then asked in doubt, "But what about the sellers, how can we guarantee their interests?"

"That's how it is," Du Huaigong said: "The exchange opens at [-]:[-], and the guide price is announced immediately after opening. If the seller feels dissatisfied, he can withdraw or press the order before Chen's hour, and withdraw from the day's transaction."

Du Huaigong continued: "At the same time, during the transaction process, if you want to avoid the transaction price from being maliciously lowered, you can also apply to the counter for price protection."

"What protection law?"

Li Chengqian felt that he was simply an idiot, and was completely overwhelmed by this series of whimsical ideas.

Fang Jun's series of actions, and completely surpassing Li Chengqian's understanding of commodity trading, are a bit shocking...

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I'm so shy, I ask for everything... (?Д`)

　
(End of this chapter)