Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-04
MISCELLANEOUS.
TO STOCK DEALERS.
STOCK
OTIS JENNA
ON 4 SAFE BASIS.

no TUE PUBLIC WHO DEAL IL STOCKS.
aad p~srsicalssly to that elias wac have
neither th- Willingness nor ability IN tAte the
rrrat rtsks attending The method Of dealing
i~r -' oforc In use. The feasibility OF way 10
spssui.ts on q large scale upon the rayusnt VI
i..s aahes than the forfeiture Of the small
an .nut 70 money origin ally pahl un the event
OF the particular stoes Il all In not fising or
falling. sec ardipg o. the expectation OF III.
., srstos. asd with perfect fr.edon rom al
liability Tor "more mud" the system Of
stock PktvlLEGES. Known - .purs"
aud Calls" pe'psriy and honorsbiy eon-
awctei. c5mmeui. i,ssif ,s,ond eavil a. the
oaiy plan of operating. Were tais not "a. Why
would pueh extensive dealings IN stock frtvi-
isrss b carried % IN all the great stcek cen
tiers of the ~orids FIR lear. the -ys'en has
Iea.,on and New York. and within the pat
year has grown To l.rss pfopofiiorr In san
Francisco. Many { ftsne- have bsen r>alited
In this way b. prrrons b~ginning with .uaAil
T. vestments. IL 10 true that one c,nnot Alsay
MAXI. for u the particular stoek dealt in.h"nld
remain stationary until the expiration Of Oh.
Hrivilegs Contract the purchaser vculd iose
the payment which he originally made. but can
loss no more. Heretofore. there hsvo hen Tor
oss paslic ealy the f~oilowiny methods Of deal
lag In sfoeks:
girs-A purehs.e up n the payment Of the
whole amount Of money, In which ea.e the
purchaser runs only the risk 81 des r-ciatio'
an tbs vslue Of the stock. which IL . great risk.
onsstlnss bsias niiy psr e'ne In . sins'e we-s
or month.
sscond-A puseha-e upon the paymen, Of q
part Of the eo-t % IN. stock lar fcrtt per
cent }, generally known a. buying ON " mar
gins"-a sysieia fransht with sreai danger .and
equaiiy a. bad 90 "mortg>sint ones home
stead" having br'rght many Aperson to eee'
Third-A sac 81 any stock To deliver at . fu
turs time, the person selling being without On.
STOCK a.d emf ipsiing a decline. With he sx
peetaiion % baying u IN II . lower price oefors
The time of delivery expires. This IL known -
"~ssiling short." and requires spz5ment down
Of Of issss forty per cent on the marie, vaiae
Of tbs stock. and satAils liability on
one Who thus opsrstss. Certainly no proper
minded per~on esr ormsnt 10 IN the peopl..
.. e-esir..s 70 ne .s,ye old system q s'oss
speculation. the Pdviisx-. or : Put anu
.csii." Plaza il far preferable. In New rots
heavy stick OPERATOR. such ~ Russell sage
Jay Gould, Daniel Drew. and others. sil
"fus- snd Calls" only In large PARCELS Ia
any o.s psres..sr. and IN ssn frsnel.eo sn.rs
ban Yaueisco Stock and Exchange Bss'd. vho
ssll this came character Of Privilege only In
large parcels. These Privileges can always be
bo1gkf In san Frset-co. hut only In large lot.
To utilize thsse Privilege. obtained from Of
operators, and To give the public an oppottanity
10 take aivsntagc Of them In . similar wsy.
according to tbs ability or desire Of each per
soa. h within the province OF . Broker In
stock Privileges. The people Are the ole ar.
biters OF any matter % public interest. and
never fall 70 appreciate what is good ami reject
the contrary ; Tor thsy set from principle. bA.ed
on results. AZ IN polite. the platform OF .
party prsvidss the test for success ofthe eause,
% In STOCK speculation has the plan Of stock
Privi'ege- b-sn trici Ia the erueibis Of public
oplniea. aud has become thercbs more popular
svsry day.
The 81 EXPLANATION OF the put" and I" call "
system may BE- givss ~ foliow.i
A"Put" oontrs ct enables the holder Of u "a
make Q profit By Q fall In the stock bslos ths
Price spscihed In the oontrset. This character
% contract 10 signed Of . price below the mar
hss value OF the stock =, the time Of issuing ths
contract. ssd rrsl. ~ follows.