Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-01-16
TO STOCK DEALERS.
STOCK SPECULATION ON A
SAFE BASIS.

ro .be nnblic who deal in stocks, and par
ticularlv TO that class who have neither the
WILLINGNESS nor ability to take the great rishs
attending the method of dealing heretoIore III
use the feasibility of way to speeulate on
large scale upon the payment OF small sum
of money, with no possibility OF ioss, o.hei
tban the forfeiture Of the small amount OF
money originally paid lin the event OF 1ne
narticul ar stock dealt in not rising or faliihg'
NO ording to the expectation OF the operator,
and with perfect freedom from all nanny
for .more mud" the system OF SIoCh
ppIvITEGFS known as PUTS" and
"CA.,Ls." properly and honorably conducted,
eommends itself beyond cavil as the only
Man of operating. We're this not SO. why
would such extensive dealings In STOCK frNi-
lepes be carried ON in all the great stock cen
ters of the world? For years the system has
met with popular favor and patronage IN
!; Paris. London and New York, and within the
mast year has grown to large proportions III
San Francisco. Many fortunes have peeh
realized in this way by persons beginning WIN
small investments. 1t is true tnat one canho.
always make, for if the particular STOCK ueai'
in should remain stationary until the expira-
ton of the Privilege Contract, the purchaser
would lose the payment which he orleihaiiy
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 tne
whole amount Of money. III 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 single
| week or month.
part of the cost of the stock tssy forty per
| cent, generally known as buying ON mar
pins''--a system fraught with great danger
! and equally as bad as "mortsag1ng one 8
| homestead" having brought many person
| to beggary.
Third~A sale of any stock to deliver at q
| future time, the person selling being without
| the stock aud anticipating a decline, with the
( expectation of buying 1t in at lower prlce
+, 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 TINS
| same character of Privilege only III 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 and to give the public an OPP
poitunity to take advantage of them in small.
err way, according to the ability OF desire OF
each person, is within the province of Brok-
er in Stock Privileges The people are the
sole arbiters of any matter of public interest
and never fail to appreciate what is good and
reject the contrary for they act from prin-
ciple based on results. As in politics the plat
form of a party provides the test for success
of the canse so in stock speculation has the
plan of Stock Privileges been tried in the cru
chile of public opinion and has become there
by more popular every day.
The explanation of the Put and Cali sys-
TEN may be given as follows
A'.Put" Contract enables the holder OF 1t 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 1ssu'
ing the contract, and reads as follows
| stDu1s, l,nlafrnef