Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-03
TO STOCK DEALERS.
sTock SPECULATION
ON A SAFE sAsis. y

srO THE PUBLIC VINO DEAL N STOCKS.
and pArtieulAriy 10 that els-@ who have
neither the willingness nor ability To take The
graf rishs sitsadins the method 81 dealing
Isrstoiorc In uss. the feasibility Of . WAY 10
speculate on . isrg- sesle upon the payment u
io-s oshsr than the forfeltnr- Of the sanAil
an unit 70 iacu-y origin ally paid I'm the swat
of tho particular stoss dsait In not ftsine or
falling. acc riding - The expectation OF the
eyers,osi. asi with perfect freedom rom a.,
lisblilty for Z" mosc mud tho system OF
STOCK r~iuviLEaEs. Known - PUTS
AID "CALi.s." prorsriy and honor.hty Con-
dnctei. eommenis i'.sif te1onf eavii q thr
only plan cf Operations. Wee THIS not ~. why
vouid ouch extensive dea'i.ss IN siock fftst
irrv. be carried on In all the s-ca, stock cen
t-ru of The voriil For years the system has
met Win popular favor and pafrpoaxs In Fsrss.
London and sew York. aud within the pa,
year has grown 10 isrgs proporiorr In san
franeisco. Many f.rtane- have esen r'ailhs,,
In tn. way By persons beeinnins with ANAL
isvestmsnts. n 10 true thai one eanoos al~ay
make, for 10 the particular stock dealt In shonid
rrsaain stationary until the expiration OF ths
Priviieg. costrast tho turcha-er v"nid los
the payment which he originally msde. but can
loss no mor~. Heretofore there have been iof
ous public only the foliowin; methods OF deal
Ing In stoeks:
ftrst-A pareha.s MP n the payment of thu
whole amoant sof money. In which cs-e ths
purchaser runs oaiy the risk 81 dsrr-eiaiio'
In the vslue of the stock. which IL . great ri-k
oftentlmc. hsing mtg per c nj. In . single wesi
CT month.
sseond-A parehass upon the payment cf ,
part Of the eo-t Of the stock ,sat fortf pei
cent }. generally known a. buying On !" mar
Gina system frsneht wi,h sreai danerf, ans
si..d.S having brought macy spessor TO srs
1sird-A sale Of any stock to deliver at . ia
ture time. thu person selling beins Without tbs
stock ssd ami ipsiing q d.eline. with he ex
peetaiion % bsyirg 10 N II . lower pre-. hsfor'
The time of DELIVERS expires. This IL known q
selling short" and requires . payment dow
of 81 least forty per cent. ON the marie, valas
of The sock. snd entails unliniied liability on
one Who thus Operates. Certainly no prcpsr
minded person can cormsnd 10 TO the peopl.
In contrast 20 the sb0ve Old system of s'pes
speculation. the Privilege. or : III and
..Caii." plan h far preferable. In Nc. ioss
heavy sock operators. sueh "a itu..eh so,
jay Gould. Daniel Drew. and others. sell
.Puis- and Calls" only In LARGE paresls ~
any one psrchAssr. and In San Francisco thsrv
arv also wealthy operators IN and out Of the
ran Fnneirco Stock and Exchange Board. Shs
ssli this ZANE character OF Prtulese only IN
boscht In san Frsnclseo. bui only In large lcts
To utilize thsse Privileges ohtainsd from e's
operators, and to give the Pablo an opportunity
IN take advantage Of them In = similar vey'
according 10 the ability oe desire OF .aea per.
sou. " within the province Of q Broker In
stoek Privileges. The p-opi- arr the sole ar,
biters Of any matter Of public Interest. and
never fall 10 appreciate what IL good AMI rcisst
the contrary for thsy act from principle. hased
on results. A IN politics the platform OF .
parry prsvides the tsst for success ofthe csusc.
80 In ssock speculation hss the plan Of stool
Privileges been tried Ia the srucibis OF public
opinion. aud has become therees more popular
svssy day. .,.
system may Be given - follow.t
A"Put" contract enables the holder OF ~ TO
make Q pront By . TALL In the stock belov the
price ppsrined In the contract. This character
% contract 10 aligned 81 . price below the mar
bet value of the stock at the time of Issuing the
contract. asd reeds ~ foiiow-i
"Put" ('sstruct.
vtnarNIA, New. -, ISL.
r.Aw.l,.. r...tx.l tha h..n.r NAV d.lixer Ia