1850 American Gold Tycoon.

Chapter 339 Prosperous Los Angeles
Lionel and James didn't have too much doubt about Liang Yao's rhetoric.

What they are visiting now is not a factory that produces kerosene, but a city that produces kerosene, a city that produces kerosene with the whole city.

This street full of kerosene stores is not so much a street of kerosene stores as it is the wholesale kerosene district of Los Angeles.

After crossing this street, everyone came to downtown Los Angeles.

This is the place with the most traffic in Los Angeles and the place with the most shops of all kinds.

Nearly every store had a decent amount of traffic, but the store with the most traffic was unquestionably the General Machinery store.

"Why are there so many customers in these machinery shops? They seem to be specialized in selling steam engines?" James asked, pointing to the machinery shops lining up across the street.

Advertisements for steam engines were placed at the entrances of these machinery stores, telling James that this store was a store specializing in the sale of steam engines.

"Crude oil is buried tens of meters or even hundreds of meters underground. If you want to extract the crude oil from the ground, you need to use a steam engine to drive a water pump to pump the crude oil up." Liang Yao explained.

The development of the chemical industry in Los Angeles also made the steam engine manufacturers in San Francisco and Sacramento a lot of money.

Last November, General Machinery's inventory of all types of steam engines was sold out.

Not only the steam engines produced by General Machinery, but also the steam engines produced by other steam engine manufacturers are all sold out.

The steam engine market across California is currently in short supply.

Dramatically, some steam engine manufacturers that were on the verge of bankruptcy also came back to life due to the huge order from the Los Angeles Oil Company.

After all, many oil drillers in Los Angeles now have to solve the problem of whether there is a steam engine, not the quality of the steam engine.

The high-quality steam engines produced by the General Machinery Company are bought by people, and the steam engines produced by unknown small workshops do not have to worry about selling them.

Some people even took a fancy to the business opportunity and went to the eastern part of the United States to buy steam engines, and then shipped them to Los Angeles for sale.

"To be precise, these people are here to order steam engines." Deng Wenshun added, "Now California can't buy ready-made steam engines."

James nodded as if realizing something. He could consume all the steam engines in the entire state. It seems that the oil industry in Los Angeles is indeed developing very well.

"That's a bank?" Lionel guessed, pointing to the Bank of America next to the square.

"If my guess is correct, this is the local bank providing loan services to the local people."

The team in front of the Bank of America was even more exaggerated, almost circling the entire square.

The Bank of Boston next to the Bank of America also had a lot of people waiting to handle business, and the long line at the gate also circled the square for half a circle.

"That's true." Liang Yao explained, "This is my bank, and it is also the largest bank in California. Many immigrants who come to Los Angeles are penniless, but oil extraction requires a start-up capital. As you can see, not only food, clothing, housing and transportation You need money, you need money to buy steam engines, and of course you need money to buy land.”

The petrochemical industry in Los Angeles has also driven other local industries in California, among which the banking and machinery industries in California have benefited the most.

This is also a phenomenon that Liang Yao is happy to see.

Unlike San Francisco and Sacramento, which got rich directly through gold mining, Los Angeles got rich through industrial value creation.

As for whether these impoverished immigrant loans can be recovered in the future, Liang Yao's attitude is relatively optimistic.

He believes that with the current development trend of California Chemical Industry, most of the loaned money can be recovered with interest.

"The land in Los Angeles also needs money?" August is the person who knows the United States best among the group. The land in Los Angeles needs money to buy, which surprised him very much.

"Most of the land in the western part of the United States is not unclaimed land, whoever develops it and who owns it?"

"Yes, before I came to Los Angeles in 1851, most of the land here was unowned." Liang Yao said calmly, "But now, most of the land in Los Angeles belongs to me. "

Unlike buying the land in Sacramento and Manhattan, Liang Yao spent real money to buy the land in Sacramento and Manhattan.

As for the land in Los Angeles, Liang Yao directly raced the horse circle, almost without paying any price, and it was a deal with no capital and no profit.

1851.
Lionel and the others were astonished by this. Could it be that this kid has the ability to foretell?I fell in love with the land here two years ago.

Lionel hadn't paid much attention to the land of the New World before. In fact, the entire Rothschild family was not optimistic about the prospects of the New World, and their investment was limited.

Unexpectedly, in this New World region of the New World, there are places like California that are full of gold.

It seems that it is necessary for their family to make a new assessment of the business prospects of the American continent, especially the North American continent.

"In such a place full of vitality and business opportunities, I want to open a branch in California now." Lionel sighed.

Deng Wenshun took Lionel, James and the others to a well-organized oil well, obviously a planned oil exploration area.

Deng Wenshun pointed to the oil production area in front of him and introduced to everyone: "Gentlemen, this is the oil production area directly under our Standard Oil Group, and it is also the oil production area with the largest output in Los Angeles, with a total of 370 oil wells."

Liang Yao did not include the oil industry into the Americas Group, but directly established a new group company.

With the broad business prospects and huge profits of the petrochemical industry, it has every opportunity to grow independently into a behemoth.

In the future, it is not surprising that the capital scale of Standard Oil will surpass Liang Yao, the American group. Rockefeller, the richest person in the history of the United States, relied on the petrochemical industry to monopolize more than 80% of the kerosene supply in North America, making thousands of households in the United States Dollars from ordinary families flowed into his pockets.

Lionel and others looked curiously at the dark viscous liquid pumped up from the ground, and not only wondered: "Transparent kerosene is extracted from these black liquids? How did you find out of?"

"This is a commercial secret. I can only tell you that there are very good chemists in California. They are good at creating and turning waste into treasure." Liang Yao said pretending to be inscrutable.

Lionel knew that this was Liang Yao's business secret. Liang Yao would definitely not tell him how to extract kerosene from crude oil, so he stopped asking.

"How much crude oil can such a well produce per day?" James asked about the crude oil production.

"I want the oil workers to lead me to answer this question more convincingly." As he spoke, Liang Yao asked the oil workers who were working next to the water pump.

These oil workers are immigrants who have just arrived in Los Angeles, and their English is very poor. Since Los Angeles is a city dominated by Chinese, the demand for English is not very high.

Therefore, even if they were also old immigrants in 1850, the English proficiency of Chinese old immigrants in Los Angeles is worse than that of San Francisco and Sacramento Chinese old immigrants.

For Chinese immigrants in San Francisco or Sacramento, if they don’t know English, it will have some impact on their lives, but in Los Angeles, the language problem has never been a problem.

On the contrary, the white immigrants in Los Angeles are more troubled by the language problem, because the kerosene merchants in Los Angeles are basically Chinese businessmen. If they want to buy kerosene from Chinese businessmen, they must learn Chinese or related dialects.

After all, like Guangzhou Hongshang, there are only a few Chinese businessmen who can speak English when they are in China.

These oil workers talked and gestured for a long time, and James and others understood that the average daily output of an oil well here is 40 to 50 barrels.

James inspected these wooden barrels loaded with oil, and the barrels were very clearly marked with a capacity of 150 liters for each barrel.

In other words, each oil well here can produce about six or seven tons of crude oil per day.

(End of this chapter)