Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-12-27
MISCELLANEOUS.
TO STOCK DEALERS.
o SPECULATION
ON a SAFE BASIS.

no THE PUBLIC WHO DEAL IN STOCKS.
! ard particularly 10 that eAss who have
neither the willingness nor ability to tahs the
great risks attending the method q dealing
heretofore In us-. the feasibility of way to
spscui.ie on q large scale upon the payment Of
. ,mtl sum VI money, with NO possibility Of
ic.a oher than he forfeiture OF the small
an unit II money origin ally paid lin the event
% the particular stoek dealt In mot rising OF
o,sr.iori. aud with perfect ireedon nom ali
liability for I" more mnd." the system Of
stuck rkfylLk0Es. Known - .Purs"
and CALLS" properiy and hoborAhly con-
dueted. comments iusrlf teyoad cavti - the
only plan 81 operating. We're thi. not q. Why
vouid such extensive deaiings In Sock Pnvi-
lsyvs Be carried on In all the g,eai stock cen
tefs of the woflds For years the system has
met with popular favor and patronage In Paris,
London aud Neg York. and within the pest
rear has grown To large proportions In san
frHnsiseo. Many ~furtans- has. eeen rsall..d
!. this way By psrsons beginning with small
T. vestmen's. ID 10 true that one esnno, Away.
make, for 10 tee particular stock dealt In should
rea..ia s~tstieusry until the expiration OF the
frivilege Contract the purchaser wonid io.e
the payment which he originally made, but can
iose no more. Heretofore there have ben icr
our public oaly the followin; methods OF deal
ing in s;oeks:
Sir.t-A pureh.se up n the payment Of the
whole amount Of money, In which Gaze the
/ nuTtu2sgr runs tulN tur nEk ~
IN the vslue Of the stock. which IL . great ri.k.
oftentimes being nity per e-nt. In . sins's west
sr month.
sscond-A purehase upon the paymen, Of a
part Of the eo-t of the stock C-aJ forty per
cent }. generally known a. buying On mar.
gus system fraught with great dansrr. and
equally as bad as mortsasint ones home
steal" having brought many person To beg
gsry-
turc time. the person selling being Without the
stock sd anti lp~tins q decline. with he ex'
pectalioa % bayiug IL IN 81 . lover price before
The time Of delivery expire. ,his IL Known as
= selling shors. aud rquirrs ataJment down
90 81 iesst forty pee cent ON the mArhet value
of ths stock. and entails anlimi'.d liability ON
| minded p~rron can 60 rmsni 10 To the people.
In contrast TO the sbiy- OLD systeni VI stick
speculation. the Pdviies.. OF : Put and
Call" plan L. far preferable. In New Yor2
heavy stick operators, saea y na,ssll sag;
.sPuts- and :" Calls" oaly In large parcels To
any one purchaser. and In San franclseo there
are also wealthy operators In and out Of the
san Francisco STOCK and Exchange Bead. Who
ell this zane eharseter Of Prvilese only In
iar,e parcels. These Privileges can always be
bought In San franei-eo. hut only In large lots.
TO utilize thess Privileges obtained from big
operators, and To give ths public an opportunity
IN take advantage Of them IN : similar way.
according fo the ability or desire OF esch per
.on, 10 within tho province Of . BrOksr In
stock Privileges The people Are the sole ar.
biters Of any matter Of public Interest, and
never fsIi 10 appreciate what IL good ami reject
the contrary |; for th-y act from principle. based
ON results. As m politics the platform OF n
party pr,vide- the test for sue cess Of the cause.
- In stoes speculation has the plan Of stoch
Privi eyes bsen triel 10 tho crueible nj public
opinion. snd hes become theebs morc popular
evvry day.
Tho explanation Of the "Put" and Call"
system may be given % follow-i
A"Put" contract enables the holder OF H. to
make . pront By . fall In tbs seoet below the
price rpscined In the contract. This character
% contract IL signed 81 . price below the mar.
ket value of the stock 81 the time Of issuing the
contract. I'D reads ~ followsG