Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-12-31
MISCELLANEOUS.
%T0.sF00K DEALERS.
STOCK SPECULATION
ON a SAFE BASIS

roIrHg PUBIC VINO DEAL II STOCKS
md particularly Ia hal class VINO have
neither tins willingness nor ability To tahe the
great rsks attending the method o. dealing
heretofore us-. The feasibility Of Away TO
speculate On . iAree scale upon the payment OF
s.msil sun Of money. With no possibiiisy q
Ioss ssAee than the forfeitars 81 the mali
am.unt q neury crisiurliy psia I'm the svsat
Of the particular stoe. dealt In not rising OF
iailins. Aeeoriine 10 the enpsct.tion Of the
% ~sratorI. aid with perfect freedo n from all
liability Tor moro mud" the system OF
sTOcK pRfvftkGES. Known % quits"
and CALLS" peopsrly and honorabiy con-
ansnS, eo@msna, nssi, ..,onu essn = me
YOU 4 pueh extensive deau,ss In Stock Prtvt
WV. be carried on In all the e.eat stoek Gen.
tcrs % the ~orldy For years the system has
met with popular favor and patrurass In Paris.
london and sev York. and within tho past
year has grown 10 i.rgs pIoportio-r In San
frsnsi-co. Many ~f.rtan-s have been r-Aliled
la this Way By persons beginning with smA,l
l. vestmsn,s. IL IL true that one e'nno, a. ssy..
make foe " tie p,riicrlas stoek dealt II should
rcmaia Stationary until the aspiration 81 tbs
r~rviieg. Contract tao purchaser vSuld Lose
the payment which he originally made. but can
lose no mare. uerstofors there have been tor
oas public ssly the following rasthods Of deal
Ing In s'ocka:
firs,-A purchase up n the payment Of the
whole amount a money. In which case the
purchaser run. only the nsk Of . detrvc!Aiion
IN the value Of the stock. which IL . great rick.
oftentimes bring nity Per esnt. In . single wesA
~ month. . ~
ssSoaS-A pu,ehs.s upon tho psymen, Of =
part Of the cc-t q the stock (saI forty per
cent }. generally known as buying on mar.
gins system frsught with great dangrr. and
equally a. bad rs "rortgaein : one. hone
steal" having be- ught many aperson to beg
1saira-A sale Of say sseei TO deliver 1t . ia.
turc time. the p~rson ceiling bsing without the
stock . q anti ipsiing q decline. with he ex'
pectAtiou of buying u IN al . lower price teforc
The time of delivery exptfes. This IL known as
= selling short. and requires araJment down
90 II l-sst forty per cent. on the mArket value
of the stock. aud entails uuiini'ed liability on
eue Who thus opsrstes. Certainly no proper
In contrast Ia tbs ab,ye oil system u stock
speculation. the Privilege. or : Put" and
.CAii." plan IL far preferable. In New fora
ieavy .ssck operators, such as l.u,sell sag;
Puts and Calls" only In large pa'eel- to
any one purchaser. and In San frAneisco there
are also wealthy OPERATOR In and out Of the
Fan Francisco Stock aud Exchange Board. Who
ell this came character Of Prvilese only In
large parcels. These Privileges crn always be
To utilize thee Privileges obtained IRON big
OPERATOR, and To give the public an opportunity
10 take sivsn,asc Of them In = similar way.
according to tao Ability or desire o. each per.
sous " Sttuih tho pIoHtutc VI bf'A-f ~
stoek Privileges. The people Ar the sole ar.
oiter- OF any matter OF public Interest. and
never Gall 3, appreciate what 10 good and reject
the contrary /: Tor they act nom principle. based
on results. A. n politics the platform OF 4
psrty provides the test for success ofthe csnse.
80 In stock speculation has The plan Of STOCK
Privi eyes b-~u tried Ia the crucible OF public
opinion. aud has become thercba morc popular
evsr day.
Tue explanation Of the "Put" and Call"
-y-tem may he given - follow;
A"put contract enables the holder Of 10 To
make . pront BY . fall 10 thu stock belos the
price speefned 10 the contract. This character
% contract 10 signed Of . price below the mar
kst value Of the stock al the tims Of issuing the
contract. a,d reads q. followr;
"Pat" CsstrAet.
vIaaiSia. New. -, 49,.
For vahae nrcstssd, the beassr may deliver 10
the undcrsigued - shares Of the capital
stock OF the - Mining Company. 81
- dollars per -harc. IT any time within
- Gays from TIL. dat. Ons days notice