Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-01-13
TO STOCK DEALERS.
STOCK sPECULATIoN ON a
SAFE BASIS

p 49, nut,Itc Who deal in stocks. and par
,sr5ls-ir Ia tnss elzss who have neIther the
,x5Il,r,y.4ss nor ability to take the =ff-a
st..n5iog the method cf dealing heretofore n
H.. the ftssib lity q way Il sI%e aiA.s y
lsree scale upoa tie payment OF slllAA. -
Of money. with 10 Fs.se.,e.ilAs "a T,,.t ~
thzn the forfeiture Of tie s1la4l An-oil1-t Y.
r-0-I,v ORIGINALLY Paid On The EVEN 2. ~
,.-z;,-y.l AZ trck dealt il ndt rising OF iaiinss
sosarffng 10 the expectation Of the 80
xua With perfect freedom ire1A az i5-o-i- as.
- .ssarre mud the system OF SUN
yprx-rI Tsrs fuozn q PUTS and
sCArI.s tgrnterly and konorzbly eo1a0e y 2,
rosurneuds itself beyond cavll - TIE O4.if
80, Of operating. Were this Dof -. Wy
.-r,ysia ssch extensive dealings In Stock fIsf--
leaes be carried On in all the great stoo s y
80 ~ the world: For years the system las
-, u,.h popular favor and patronage N
pn-ts. London and New YORK. and within we
mast wear has grown 20 large pTopofIoas "
-zn Francisco. GaBy fortunes have Ses -
realized IL this way by persons beginning VI.
small Investments. II Is trae inst one csilsg.
arrays make. for if tie particular STOCK aesll
i, sf,1,Id rs1usfn stationary until the eXpirs-
ton Of the Privilege Contract the purcAa-H
vanld lose the payment which be orikinSHs
,1.de Int can lose no more. Heretofore there
have been for our pubic only the ioIiO"4hs
methods Of dealing in stocks
Fsrst-A pure hsse upon the payment Oi tIe
4
purchaser runs only the risk of depFeelstloh
in the value Of the stock, which IS great lisk,
oftentimes being FIFTY per cent. II q sAns1s
week or month
seeond-A purchase upon the payment o. .
MARI Of the cost Of the stock tsay forty per
cent? generally known as buying on mar
gins''--z system frsught with great Danger
and equally a. bad as '.mortesglng one
homestead having brought many person
to beggary.
Third-A sale Of any stock to deliver at
future time the person selling being without
the stock and anticipating decline, with the
expectation Of buying II IN al lower pfiCe
before the time Of delivery expires. This is
known as selling short, and requires a pay
Iaeut down Of at least forty per cent on the
market value Of the stock snd entails uhIliIlt-
ed liability on one who thus operates. Ger
tzinIy no prOper-minded person can commend
In contrast to the above old system Of stock
speculation, the Privilege or Put and Cali
plan is far preferable In New YORK Aeas!
stock operators. such a. russell sag, 'as
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 iran
cisco stock and Exchange Board who sell TINS
same character of Privilege only in large par
cells. These Privileges can always De bought
in San Francisco. but only III large lots.
To utilize these Privileges obtained from
big operators and 10 give the public an op-
purtunity 10 take advantage Of them IN small
sr way, according to the ability or 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 ana
reject the contrary for they act from prln-
ciple based on results. As in politics the pat
form Of a party provides the test for success
Of the eanse, So in stock speculation has the
plan Of Stock Privileges been tried III the cru
chile of public opinion and has become there
by more popular every day.
The explanation Of the put and Call sys-
TEN may be given as follows;
Put" Contract enables the holder OF 1t to
make profit by fall in the stock below the
price specified in the contract. This charae-
ter of contract is signed at price below the
market value of the stock at the time OF lssu-
ing the contract, and reads as fellows: