Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-06
NIsCELLASEsVs.
TO STOCK DEALERS.
sTock CIRCULATION
ON A SAFE BASIS.

no THE PUBLIC WHO DEAL IN STOCKS.
I snd particularly TO thai elsss Who have
neither the willingness nor ability 20 tahs The
gr-st rtsks attending The method Of dealing
bsfetotore In use. the fssdsilty Of . wsy TO
speculate On . large scale upon the payment Of
Ill sun % money. with no possibility OF
ioss osher than the forfeiture Of the small
an yunt VI mon-y origin Oily paid I'm the evrnt
Of the particular stocE dali In not fistng or
falling. seer riding - the snPeetsiion Of the
% erstorI. AID with perfect freedom from a.
liability for .more mud" the system OF
Stuck PRiylLkGEs, Known - .PUrs"
and CALLS" properly and hororably con-
dueted. csmmenis i,self ieJoud csvil - the
only plan u opvrstins.. wse this not %, Why
voa pueh extensive dea ., ~ In stock Priv
legss be carried Oh In all the evsat stock Gen.
tcrs of the world. For ,ears the system has
met with popular favor and patrorass IN Paris.
London ADD Nee York. and within the pat
year hes grown to large proportions In San
In this vsy b. persons bsginnlus with ANAL
T. vrsun-nts. IL 10 trus thai one csnno. sluays
make. Toe u the particular stoek dealt In should
renain stationary until the expiration OF The
rrivilees c~oatrsct toe purchaser v"uid lose
the payment which he originally msde, bot can
los no more. Iisrvtofors thsre have b~sn Tor
oas pus,ic only the following methods Of deal
Ing In stocks:
sinss-A pa,ehsse up n the payment Of the
whole amount Of money. In which case tbs
purchaser runs only the rsk Of adsprseiaiicu
in the vaius u The stoet. which 10 . great rick.
otsa,imss being atty per Q IA In = single vs<h
" moath.
sseoad-A purchase upon the payment Of .
part q ths cost of the stock (say fory per
SENT J. eeoenilJ known ~ buying ON mar:
eins"-a system frsughs with great dans.r. aud
equally ~ bad - Z" nortsaaint ones home
stead" having brought many aperson to beg
gary.
Taird-A sale Of any stuck To deliver al . fu.
ture time. the person selling being Without the
stock aud anti ip~ting . decline. With he ex'
pecta,ion Of bayirg Il in at . lower price before
he time Of delivery expl'e-. This IL known ~
. selling abort. and rvqaircs . payment down
of u l-sst forty per cent. ON The marie. value
| of the sock. and entails ~uniimiied liability ON
/ que WHO thus Operates. Certainly no propsr
mindsd p~rpon can co mend 70 TO the people.
In contrast 10 ths sbpve old system Of stock
speculation. the Privilege, or : Put" and
.CAli.- plan .. far preferable. In New YORK
heavy. stock operators. sueh a. Russell sag,
/" Putt" and /" Calls only In large parcels to
any one purchaser. and In San Francisco ther
are also wealthy Operators In and out OF the
san Francisco Stock and Exchange BssId. Who
seii this zane character Of Privilege only In
lsnve parcels. These Privileges can always be
bought In san franc,-eo. hut only In largs lots.
To utilize thee Privileges obtained IRON big
operators. and to give tho public an opportunity
10 take advantage Of them In = similar way.
according 10 the ability OF desire Of each per.
.on. 10 within the province VI Q Broker In
stoek Privileges. The people are the sole ar.
biters Of any matter VI public interst, and
never fail TO appreciate what 10 good and reject
the contrary ; Tor thsy act IRON principle. based
on results. As IN politics the platform Of .
party provides the test for sucoess Of tho causc.
30 In stock speculation has the plan Of STOCK
Privi eyes been tried Ia the eruelbls Of public
opinion. aud has become theebs more popular
svery day.
The explanation Of the "Put" and Z" Call"
system may be given - follow;
A"Put" contract enables the holder Of II 20
make . pront BY . TALL 10 thu stock below the
price specified In the contract. This character
% contract 10 signed at . price below tine mar.
bet value Of the stock = the tims VI issuing the
contract. AID reads ~ follows;
"Put~ Csstraet.
vInaISIA. New. -, ISL.
for value rrc<iycd- the bearer may dsllyer 10