Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1875-12-28
TO STOCK DEALERS.
STOCK SPECULATION ON a
SAFE BASIS.

To the public who deal in stocks. and par
| ticularly to that class who have neither th'
willingness nor ability to take the great risk
| attending the method of dealing heretofore II
| large scale upon the payment of small sun
| of money, with no possibility OF loss, othel
| thaa the forfeiture of the small amount OF
money originally paid lin the event OF tnt
particula ar stock dealt in not rising or fallinS
according to the expectation of the operstor)
| and with perfect freedom from all liability
| for ''more mud" the system of STOCh
| PRIVILEGES, known as puts ano
| CALLS" properly and honorabiy conducted
commends itself beyond cavil as the only
| plan Of operating. We're this not so, why
would sucl. exts lsive dealings in Stock Priyl
| leges be carried on In all the great stock cen
| tiers of the world? For years the system has
met with popular favor and patronage IL
Paris London and New York, and within the
| past year has grown to large proportions Ill
San Francisco. Many fortunes have been
realized in this way by persons beginning with
small investments II is true that one cannot
always make. for If the particular stock dealt
in should remain stationary until the expira-
ton of the Privilege Contract. the purchaser
would lose the payment which he originally
made, but can lose no more. Heretofore there
have been for our public only the following
methods Of dealing in stocks:
First--A purchase upon the payment OF the
whole amount Of money. in which case the
purchaser runs only the risk of depreciation
in the value of the stock, which is great risk
oftentimes being fifty per cent. IN shSle
week or month.
Second--A purchase upon the payment OF a
part of the cost OF the stock tsay forty per
cent generally known rs buying on ''mar-
Gins system fraught with great danger
and equally as bad ~ .'mortsaging ones
homestead" having brought many 3 person
to beggary.
Third-A sale Of any stock to deliver at a
future time, the person selling being without
the stock and anticipating decline, with the
expectation Of buying 1t in at lower price
before the time of delivery expires. This is
known as selling short, and requires pay
ment down of at least forty per cent. on the
market value of the stock and entails unlimit-
ed liability on one who thus operates. Ger
tainly no proper-minded person can commend
it TO the people.
In contrast to the above old system Of stock
speculation, the Privilege or Put and CALI
plan is far preferable. In New York heavy
stock operators, such as Russell Sage, Jay
Gould, Daniel Drew and others, sell Puts"
and Calls" only in large parcels to any one
purchaser, and in San Francisco there are also
wealthy operators in and out of the San Fran
cisco stock and Exchange Board who sell this
same character of Privilege only in large par
cells These Privileges can always be bought
in San Francisco, but only in large lots.
To utilize these Privileges obtained from
big operators ana 70 give the puOuc an OPP
portunity TO take advantage of them in q small
er way, according to the ability or desire of
each person, is within the province of Brok-
er in Stock Privileges The people are the
sole arbiteTs of any matter of public interest
and never fail to appreciate Whist is good and
reject the contrary for they act from prin-
ciple based On results. As in politics the plat
form of party provides the test for success
of the canse, SO in stock speculation has the
plan Of Stock Privileges been tried ia the cru
chile of public opinion and has become there
by more popular every day.
The explanation of the Put and Call" sys-
TEN may be given rs follows:
A'Put" Contract enables the holder Of IL to
make profit by fall in the stock below the
price specified in the contract. This charac-
ter of contract is signed at price below the
market value of the stock at the time of issu-
ing the contract, and reads as follows: