Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-24
MISCELLANEOUS
TO STOCK DEALERS.
STOCK SPECULATION
ON A SAFE BASIS.

no TIE PUBLIC WHO DEAL IN STOCKS.
and psrticulafly to thss elsss VINO have
neither the willingness nor Ability TO take the
great rtsks attending the method OF dealing
herstofore In use. the feasibility OF . way 10
spscuIsis on . large scale upon the payment Of
los other than the forfeiture Of the small
aEnount VI money origin ally paid lin the event
Of the particular stock DEALT In not rising or
falling, ascending % the expectsuon Of the
OF srstorI. aud with perfect freedom nom all
liability for "more mud." the system OF
STOCK PRivILkGEs. known - puts"
and CALLS" properly and honorsbiy con-
dnctsd, eommsn II i,self Nslonf cavii - the
only plan Of operating. Woe this not 90, why
would such extensive dea I. gs In Stock Priv.
l~cvs Be carried m 10 sl the g,eat stock CEN
tsrs Of he worldi For Jears the system has
met with popular favor aud patro age In Paris,
Loudon and kew York. and within the pat
year hes grown 10 large proportions In ban
franeisco. Many fJstunes nave bcen : allied
10 this var By psrsons beginnins with .uau
L. vestments. Il 10 trua thai one canno' Away.
make. for u the particular stJck dealt In should
reoain stationary until the expiration OF tbs
Privilege Coutract the purchaser would loco
the pay ment which he originally made, but can
lose no more. Heretofore there hive b.sn Tor
our pas,ic ealy the following methods OF deal
ing In stocks:
fint-A purchase up N the payment Of the
whois amount OF money, In which case The
p~ufeha'er rum only the risk Of d recitation
In the vaiue Of the stock. which 10 . great risk.
oftsntimss being nity per eat. In . sinsss wssh
or month.
part Of the cost u the stock (saj forty per
cent J. eepsraily known as buying on : mar.
gins"-A system frAusht with great danger. aud
equally as bad ~ mortgaslni ones home
assd." having brought many apenon to beg.
Ihira-A sale Of any stock to deliver at q fu.
turv time. the person selling being without the
stock asd anti .ipAling q decline, with 'he ex.
pectaiion OF bayihg u m 81 . lower price beforr
the time Of dsliyery expires. ihis 10 known as
ceiling short, and rquires |. payment down
Of q l-a.i forty per cent on the market value
Of The stock. and sutaiis uuiimited liability on
ON who thus opsraie>. Certa My M prvper-
minded perpon eau ca msnl 10 to the people.
In contrast 70 the abpve old system Of stock
scsii.- plan IL f.r pr.fsssSls. In New YORK.
heavy stick opera,or.. suea a. hu.sell s.ge,
Puts- and Calls" only In large parcels To
any one parchassr. and II San francisco thers
San Fnneisco sleek AID Exchange Beard. who
ssll this came character Of Privilege only In
large parcels. These Privileges eau always be
boeght In San francisco. bat only In large lots.
To utilize th.se Privilege. obtained fiom big
epsrators. and TO give the public an opportunity
70 take advantage Of them In = similar way.
according 10 the ability OF desire Of each per.
son. 10 within the province OF . Broker In
Btock Privileges. Tho peVpls are the solo ar.
eiters OF any matter OF public Interest. and
ths contrary fSr thsy act from principle. bs.ed
on results Al IN politics the platform OF q
parry prJvidss the tsst for success oft tho oause.
30 In stocx speculation has the plan Of stock
Privileges been uisd 10 the cruelbls Of public
opinion. aud has become therebs more popular
0WWTN 0AM