Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-07
wulLANE0Us.
TO STOCK DEALERS.
STOCK SPECULATION
ON A SAFE BASIS.

-
no THE PUBLIC WHO DEAL IN srocKS
ADD particularly 10 thai elsss who have
neither the willingness nor ABILITY To tAte tbs
rrpat risks attending tho method Of dealing
heretofore IN pse. The feasibility Of away To
speculate on q large scale upon the pAyment oi
s,mL I'll sun of monsy, win no possibiiity OF
ioss o,hsf than the forfeiture ol the small
am. unit VI mon-y origin lily paid lin the event
OF the particular stoes dealt In not rising az
falling, accsriing - the expectation OF the
o. ~erstosI. AID with pedeet freedom rom All
liability for I" more mud" thu sysien Of
STOCK PRtviLkGEs. Known - "tUTs
and calls" properly and hoporsoly con-
d.ctsd. mmen i,seif te,ort eavl - the
only plan u opsratieg. Were thts mot ~, Why
would such extensive deaiirss In Stock frtvi-
lsgts be carried on In all the great stock cen
ter. Of the world, fsr ,.ar. the sysssm nn'
London aud New York. and within the pat
year has grown tn lsrgs proporio - la san
Francisco. Many f,ftune2 have been y tlixei
IN th.s way By Prsons o~gtnning with snau
T. vestm~nis. Il u true that one eAnno, Away.
make, loo " tue particular rtcek dealt 10 should
remain stationary until the sxpiratioa OF the
friviiess Contract toe purchaser veuid lose
the payment which h. originally mSie. but can
lo-e no mare. Hsrstofors there have been Tor
out public only the following methods OF deal
ing In stocks:
rirst-A purchase up n the payment Of the
| whole smoant Of mossy. In which case the
purchaser uns only th. rtsk OF . de- recitation
In the vsiue Of the stock. which 10 . great risk.
otteaiimes beiag nity Per 9 NJ. In . single weea
| or month. U.LT I.IN.
sssond-A purchase upon the payment Of q
part OF the coat Of the stock l.av fcrtS per
cent \. ernenlly known a. buying On mar.
gus system fruught with great dansvr. aud
equally n bal a. = mortgagin, , ones home.
stead" having brought msny apenon to beg
Taira-A sale 81 any STICK TO deliver at = fu.
ture time. IN. person selling being Without the
stock sd anti apAttng q decline. with The ex'
psctaiion of buyirg u IN II . iow-r price before
he time of delivery expi'es. rhis 10 known A.
| Of st least forty per cent. on the marie. value
of tho stock, snd sntAilr uniimii~d liability On
IAN. weo thus epsrs,ss. certA MY no proper.
minded p>rpon eau ca rmsni 10 To the people.
In s~ouirsst TO thu sbove old system of stock
speculation. the Piiviles... " : Pat and
.calI.- piAa IL far preferable. In New fofk
heavy stnek operators. such - husssn Sage.
jay Gould. Daniel Drew. and others. sell
:. Put.- snd " Calls" oniy In large parcels tn
any one parcbsssr. md In San franelsco therr
sre Alec WEALTHY operators In and out Of the
san Francisco STOCK and Exchange Bead. Who
.rll thus zane ehArHrtsr of Privilege only In
Arys parcels. Thsss Privileges eau always be
bought In san fnanci~eo, but only In larg lotz>
To utiliz. thee Privileges obtained from Big
operators, aud To gise the public an Opportunity
30 take stvsntage Of them In . similar way.
according IN tue ability or desire OF each per
.ou. 10 within the province Of . Broker 10
stock Privileges. The people are the soie ar.
saters OF any matter % public ~intervst, and
never fall to appreciate what 10 good and reject
ths contrary Tor thsy set from principle. based
on results. As IN politics the platform VI .
party provides the tsst for success of tho cause.
% In stoek speculation has the plan Of stock
Privileges been tried Ia the erueibls OF public
opinisn. aud has become therbo more popular
svsp day. -.
Tue ei explanation Of the Put" and Call"
system may be given - follow.
contract enables the holder Of Tito
make . profit by . tall 10 the stock belov the
price rpecined In the contrast. This character
of contract 10 signed 81 . price below the mar
ket value Of the stock at the time VI is.uing the
Contract, asd reads a. fvllowst
"Put" C~sutract.
ANL v~tIarNIA. New. --1 49,.
For value received. the bssrer may deliver to
thu undersigned - AhAres Of the capital