Chapter 861: The Philip Brothers Company is finished!

"Well done!'

'The impact has not yet reached its maximum, everyone must not let their guard down and pay close attention to market changes.'

Xia Yu said with a smile, as he instructed Toby Moulton, the general manager of the New York branch of Jiuding Securities Company.

Xia Yu felt relieved when manufacturing companies discovered a shortage of copper and aluminium and started bidding to drive up the spot prices.

Over the past two days, he had been in a relaxed mood, moving between Galaxy Fund and Jiuding Securities, and occasionally watching a football match at home.

When the major financial giants on Wall Street realised that the bulls had invested heavily in accumulating the spot goods, they decided that the bears were in for bad luck.

Among the bears, led by the Phillip Brothers and Solomon Brothers, the worst impact naturally had to be borne by these two companies.

However, Solomon Brothers was not listed, so most of the pressure was borne by Phillip Brothers.

The most intuitive feedback was in the stock market, where investors voted with their feet.

It is now 3:30 pm on Friday, and the share price of Phillips Brothers has fallen from the previous stable price of 27.87 US dollars per share to the current 24.32 US dollars per share, with a market value of 525 million US dollars evaporated!

Now the investors of Philip Brothers are regretting it, especially those who have a bet with Jiuding Securities. They are desperate to buy a regret pill!

Of course, this is only if there is such a thing as a regret pill.

And as anyone with a discerning eye can see, the impact of the hoarding of stocks by speculators is still fermenting and has not yet reached its maximum. Whether it is stocks or futures, there is still room for prices to rise.

The higher the price rises, the greater the losses for the short sellers.

In this situation, the cold-blooded Wall Street crocodiles flocked in, some rushing into the futures market, some also mobilising their forces to hoard spot goods, and some were planning to short the stock of Philip Brothers.

Of course, there were also some people waiting in the wings, analysing the market with all their strength to see if there were any bargains to be had.

What's more, they were preparing to open up a new battlefield in this chaotic market and make a fortune by taking advantage of the panic in the market.

In short, the New York financial market is already in a state of agitation.

...

The office of the president of Philipp Brothers.

The president, Tendler Wells, the vice president and general manager of the rare metals investment department, Albert Raphael, and the president of Solomon Brothers, John Gufran, are sitting next to each other, but no one is speaking, and there is a heavy atmosphere in the office.

After a long time, the sound of a series of hasty footsteps came, which drew the attention of the three men to the door.

Then, the Senior Copper Futures Department Manager, Harlan Dreyden, walked in with a grave expression on his face and immediately reported: 'President, Manager, the closing price of senior copper futures was $0.7855/lb, and the closing price of aluminium futures was $1.5895/lb.'

Although these two figures were within the expectations of the three people, when they actually happened, they still made them feel a little more heavy-hearted.

Harlan Dreyden's mouth twitched, but in the end he didn't say anything, and he stood there awkwardly, not knowing whether to stay or go.

'Harlan, you can go first!'

'Oh, and close the door on your way out.'

Tender Wells let him go after a while, and told him to close the office door behind him.

John Gufran spoke up then, his tone full of reproach and anger: 'Albert, is this what your company means by checking out the strength of the Galaxy Fund?'

On hearing this, Albert Raphael's face changed, and he said, 'John, it's not certain that it was the Milky Way Fund that made the large-scale purchase of the stock. It could have been other capital. Just as we were able to find Solomon Brothers as an ally, it's not certain that the Milky Way Fund didn't find someone else as an ally. For example, the Sumitomo consortium in the island country definitely has the strength to do so.'

'And if we talk about losses, our company's losses are the greatest.'

While saying this, Albert Raphael took advantage of the fact that Tendler Wells was not paying attention and kept giving John Gufran winks, with a hint of pleading in his expression. He didn't want John Gufran to reveal what they had previously discussed in private.

John Gufran had dropped by without warning this afternoon, so Albert Raphael had not had time to explain to him in advance.

'Mr. Gufran, Albert is right. Judging from the current situation, our company will suffer the greatest losses, and our company is the last one that wants this to happen!'

Tender Wells also spoke up to explain.

John Gufran looked at the two men, especially taking a deep look at Albert Raphael for a few seconds, before taking a deep breath to calm himself down and calmly saying, 'Okay, I'm sorry for my outburst.'

'But what are we going to do now?'

'Now that Wall Street has decided that we have failed, the capital is on their side!'

'We're finished!'

Upon hearing this, Tendler Wells and Albert Raphael were silent. How could John Gufran not know what they were talking about?

To put it bluntly, the current situation was Wall Street capital rubbing salt into their wounds, trying to trample them even harder and squeeze every last drop of blood out of them.

Seeing that the two men were silent for a long time, John Gufran frowned. He didn't want to waste any more precious time here, so he said again, 'Do you have any effective methods? If not, then I'm sorry, I'll withdraw immediately.'

Although Solomon Brothers was in trouble, it was not as deep as Philip Brothers, and it could still extricate itself, although it would have to pay a huge price.

Although it would hurt Solomon Brothers, it would not be enough to bring them down.

If the matter dragged on, it was really hard to say whether they would go out of business!

"Gufran, at the moment we don't have any other options, but we still have two days. We will give you a definite answer the day after tomorrow,'

Tender Wells said solemnly, taking a deep breath, and there was even a hint of pleading in his voice.

Although Philipp Brothers was stronger than Solomon Brothers, at this critical moment, if Solomon Brothers turned against them, Philipp Brothers' losses would be magnified several times over, and he had to lower his stance.

The next two days were Saturday and Sunday, and the two days of the market break would be their last chance.

If they couldn't come up with a solution, then they would just have to wait for death.

'No, one day!'

'Tomorrow evening, you have to give me an answer. I need to give the board of directors an explanation. The day after tomorrow...it's too late!'

John Gufran shook his head resolutely.

After a long silence, Tendler Wells slowly said, 'Okay!'

...

'It's a dead end!'

At Rockefeller Manor, David Rockefeller shook his head.

Although he had said similar things two days ago, he was not as certain as he was now.

'I didn't expect that this Chinese kid had such a strong capital base, I underestimated him.'

'I was thinking of taking over his oil futures, but now it seems impossible, and I've even helped him gain a foothold on Wall Street, heh...'

'But it wasn't a total loss, at least I know about the Rothschild family's relationship with him...'

After David Rockefeller's sigh, an inexplicable smile appeared at the corner of his mouth. He looked through the window towards the east, as if he could see someone's headache and irritability.

Then, he made a phone call, called a trusted subordinate, and gave some instructions.

That evening, all the mining companies under the Rockefeller Foundation received a notice not to sell copper and aluminium for the time being.

Several other institutions also moved to join in as soon as the market opened on Monday.

This weekend was not a good time for the Galaxy Fund.

Public opinion was full of accusations against the Galaxy Fund and other bulls, and all sorts of labels of disrupting the economic order were being hurled at the Galaxy Fund. It was also being falsely accused of hoarding and maliciously manipulating the prices of copper and aluminium.

It seemed that under pressure, the New York Stock Exchange was investigating the Galaxy Fund around the clock, talking to people from time to time, and the US Futures Trading Commission was also involved, causing some people at the Galaxy Fund to feel uneasy.

Fortunately, Xia Yu knew that this was the last madness of the bears, and he asked Song Yang to tell the company employees to remain calm.

He did not sit idle either. The major media outlets under his control, as well as the media outlets he had paid to support him, engaged in a war of words with the opposing media outlets, and the intensity of the argument temporarily surpassed the heat of the presidential election.

After all, they would not be able to find out the real situation, so Xia Yu was not worried at all. Legal sanctions required evidence.

Monday.

In the anticipation of everyone, the New York Mercantile Exchange opened again.

Both those inside and those outside the exchange were fixated on the high-grade copper futures and aluminium futures.

'The market opened sharply higher!'

'High-grade copper futures at $0.8325 per pound, a jump of 6%!'

'Philip Brothers is finished for good!'