Zheng Jian did not stay in the Volcano Army for a long time, so he left three days later and returned to the Baode Army, crossing the river to the Fuzhou. Before leaving, he left behind a Du Kongmu, who stayed here to summarize the experience of the Volcano Army camp and prepared to promote it to Linfu Road.

After seeing off Zheng Jian, Du Zhongxiao rushed to Tanglong Town to find out what Feng Yuan said.

Zhang Ji welcomed into the yamen and sat down for tea. Du Zhongxiao said, "Deployment, what happened when I made me some tricks in detail a few days ago?"

Zhang Ke smiled and said, "It was a few down-and-out robbers who came from Dangxiang to steal our casino outside the city. Fortunately, Manager Li was sharp-eyed and saw that these people were unusual. After discussing with Khitan's Eli Ben, he took the initiative to send them to Dongshengzhou. There was no need for us to do it, the Khitans were in vain and everyone was happy."

Du Zhongxiao nodded and thought for a while and said, "The deployment is still a bit inappropriate. The robbers who came to Tanglong Town should be dealt with in Tanglong Town. When the person was sent to the Khitan, it seemed that everyone would benefit, but I am afraid that the Khitans would have ideas."

Zhang Keqi said: "What's the idea? They are fighting against Dangxiang, and it's just right to deal with it in detail."

Du Zhongxiao shook his head and sighed: "That's true. But where is Tanglong Town? It's the territory of our Song Dynasty. Here we help the Dangxiang people to do a detailed job, so what do others think? The most fear of the Khitans getting more and more demanding. They thought that Tanglong Town and they also had a share, and forgot that they were just here to make money."

The Khitan guards here have no official identity, and Yelu doesn't spend on military personnel, but just saves money from hiring people. Du Zhongxiao attaches great importance to the local official identity, so as not to make bad thoughts in the future and extend his hand to Tanglong Town.

Zhang Ji didn't care. There were many territories in the border areas of the Song Dynasty and Khitan. In one county, even tax and servants could be divided. What is this small matter? Nominally, the two countries are allies, and it is necessary to cooperate with each other, and there have always been many.

This time Du Zhongxiao was stationed in Tanglong Town, Zhang Ji returned to the Volcanic Army, and the two of them rotated.

His life in Tanglong Town was a bit boring. Du Zhongxiao often took Shisanlang to wander around the city, so that most shops knew him. The city was strictly managed and unidentified people were forbidden to enter, and the public security was much better than outside the city.

On that afternoon, the weather was gloomy and the wind blew again, and it was not too hot. Du Zhongxiao took Shisanlang out of the yamen. It was rare to have such cool weather, and the streets in the city were very lively. In this era, poor families always had two meals a day, lunch was just extra meals, and the restaurant business was very prosperous.

The wheat for the field business has been harvested, and the wheat prices have dropped rapidly. The pasta in Tanglong Town has become much cheaper. The food in various stores has become mainly pasta. In addition to various cakes, buns, and steamed buns, there are also many varieties, and some people even open a special dumpling restaurant.

While buying a bag of mulberries from a vendor with a basket, Du Zhongxiao took Shisanlang to wander around while eating.

Before he knew it, he reached the market. Anyway, there was nothing wrong, Du Zhongxiao walked in. With the opening of the commercial road, a large amount of goods from the Western Regions were sold here, and many Hu merchants lived in Tanglong Town. The grassland commercial road was more convenient than the commercial roads of Tubo and Qinzhou, and closer to the capital than the sea roads in Guangzhou. A large number of merchants from the Central Plains gathered here to purchase various luxury goods from far away from the West.

After entering the market, Du Zhongxiao felt something was abnormal. The weather was cool today, but there were not many stalls in the market, which was very different from usual. Du Zhongxiao took a short walk and was about to leave when he suddenly saw a bunch of people coming from the cabinet shop. The crowd was angry and noisy.

Seeing that things were unusual, Du Zhongxiao asked Shisanlang to find the official guarding the market and asked him what was going on.

The official bowed and said, "Officials, the caravans from Khotan recently brought a large amount of frankincense, which was less than 200,000 kilograms. They were going to make a lot of money, but they didn't expect that after they got here, the price fell and they couldn't sell it."

Du Zhongxiao said: "The market goods are on the market, and they can't sell them out, so they have to sell them slowly. What do they do when they go to the cabinet shop?"

The official said, "Their capital was raised by issuing bonds. Now that the price has fallen, the principal and interest cannot be paid. How can the people who buy bonds be willing to do it? The guillotine guarantees these people, so they had to draw capital from these Western Regions merchants. This will start to make a fuss."

Du Zhongxiao nodded, understanding somehow. Bonds can be bought and sold, but they are financial, and this is the bubble burst.

The Song people loved incense and had a great demand for frankincense. The price was high. One pound on the market could be sold for two cents of money, and a low one cents of money is enough. This kind of cargo is suitable for weight, small size, and can be stored for a long time. It is an ideal cargo for long-distance trafficking.

The existence of Tanglong Town bonds allowed merchants to quickly cash out and their capital increased rapidly. Not only merchants in the Kingdom of Khotan, but merchants from other places joined the ranks of trafficking in frankincense when they saw profitability. In the mainland, the position of equivalent to hard currency made the price of frankincense strong, and the bonds were sold out as soon as they were released. It was very lively in the first two months. Because everyone believed that bonds would not depreciate, they were regarded as currency by many merchants. The circulating of merchants in Tanglong Town and Dongshengzhou further magnified the market.

Unexpectedly, not long ago, the Beijing Imperial Palace suddenly sold hundreds of thousands of kilograms of frankincense to takeout. The market suddenly became saturated and the price dropped sharply. The frankincense suddenly could not be sold. It was difficult to cash out bonds, and there were risks. The price of bonds dropped sharply. Under the chain reaction, most of the people and merchants in Tanglong Town and Dongshengzhou were involved, and they rushed to cash out like a squeeze.

There is a deposit box in Tanglong Town, which is nothing more than collecting frankincense at the market price and exchanging bonds in proportion. The merchants who issue bonds here will not lose all their money, and they still have some capital. There is no deposit box in Dongshengzhou, so if you lose money, you will lose money. If you can't sell the goods, no one will take care of them. The merchants will first arrest the merchant and pay the bonds. The insufficient price of frankincense will be sold in Tanglong Town. The price of frankincense in Tanglong Town will fall day by day. Many merchants who issue bonds in Dongshengzhou will completely lose money and bear the debt.

Without bonds, merchants can wait slowly for the price to rise and sell slowly. With bonds, creditors are eager to cash in, and a large amount of goods are thrown into the market in a short time, prices are avalanches, and a large number of merchants are involved.

In the prosperous business some time ago, due to the sudden drop in frankincense prices, merchants in this area were panicked.

Du Zhongxiao looked at the turbulent businessmen, nodded, and took Shisanlang back to the yamen.

Just in terms of frankincense trade, Tanglong Town sold 100,000 kilograms in the past few months, but without the sudden sale of the imperial palace in the capital, the 200,000 kilograms shipped from behind could make money. Suddenly, the merchants engaged in this industry became paupers, and some even had heavy debts. Where did the money they made in the front go? They piled up in the frankincense goods collected at low prices in the cabinet shop.

The Guest House has enough capital, only guarantees, and does not engage in financial transactions. There is no loss in this storm. Instead, he took advantage of this opportunity to acquire a large amount of frankincense at an extremely low price. If the price of frankincense rises later and the interest collected, the Guest House can earn hundreds of thousands of chunks. It is equivalent to all the merchants who have worked hard to sell goods in the past few months to work for the Guest House.

From the first day of issuing bonds, Du Zhongxiao knew that this would happen, so it is strictly forbidden to buy and sell short-sell in government industries, and to engage in any financial transactions. As for merchants who actively participate, there is nothing they can do.

Back at the yamen, Du Zhongxiao ordered the soldiers in the army to increase patrol efforts and strictly prohibit anyone from gathering to cause trouble. He also ordered the officials of the yamen to take the initiative to ask about the merchants' situation and provide timely assistance if there are poor people. Even if they are penniless, they must ensure that they eat, drink, wear and clothing. The yamen will pay for the money until the storm has passed. This is a timely help, which will make the merchants have confidence in Tanglong Town.
Chapter completed!