Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-01-18
no STOCK DEALERS.
ST0GK SPECULATION ON A
SAFE BASIS.

To the nublic who deal in stocks, and par
ticularly to that class who have neltner .ne
willingness nor ability to take the great Ileh ne
attending the method Of dealing heretofore a.
use. the feasibility of q way to speculate on
large &c ale upon the payment of small sum
Of money. with no possibility OF loss, other
than the forfeiture of the small amount OF
money originally paid Tin the event OF ,he
particul ar stock dealt in not rising or Iallns'
aocording to the expectation OF the operst9nl !,
and with perfect freedom from az GTnrE
for .smore mud the system OF Siooh
PRIVILEGES, known as PUTS ana
aCA!.LS." properly and honorably conducted,
commends itself beyond cavii as the oniy
plan of operating. Were TINS NOT so, WY
would such extensive dealings in stock PriVi-
leges be carried on in all the great seoek een-
tiers of the world? For years the system has
met with popular favor and patronage IN
paris. London and New York, and within the
mast year has grown to large proportions IN
san Francisco. Many fortunes have peen
realized in this way by persons beginning WIN
small investments. 1t is true that one cannV.
always make, for If the particular STOCK oeaI'
in should remain stationary until the expira-
ton of the Privilege Contract, the purchaser
would lose the payment which he originally
made. but can lose no more. Heretofore there
have been for our public only the following
methods of dealing in stocks;
First-A purchase upon the payment OF the
whole amount VI iuOHcy AZ "htNA
purchaser runs only the risk Of depreciation
in the value of the stock, which is great risK,
oftentimes being fifty per cent. In single
week or month.
second--A purchase upon the payment OF
part of the cost of the stock (say forty per
cent. generally known as buying on m mar
and enualiy as bad as "mortgaglng one
homestead" having brought many person
to beggary.
Third-A sale of any stock to deliver at a
future time, the person selling being without
the stock and anticipating decline, WIN Tue
expectation of buying 1t in at lower price
before the time Of delivery expires. This is
known ~ "selling short, and requires pay
mept down Of at least forty per cent. on the
market value Of the stock and entails unlllnit-
ed liability on one who thus operates. Ger,
tainiy no proper-minded person can commend
1t to the people. ..,,.
speculation, the Privilege or PUT and Gall
plan is far preferable. In New York heavy
stock operators, such as Russell sage. Jay
Gould. Daniel Drew and others, sell puts
and .sCalls" only in large parcels 10 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 this
same character of Privilege only in large par.
| cells. These Privileges can always be bought
| in San Francisco, but only III large lots.
To utilize these Privileges obtained from
| big operators and to give the public an op'
portunity to take advantage of them in small.
| er yay, 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 and
reject the contrary; for they act from prin-
eiple based on results. As in politics the plat
| form of party provides the test for success
| of the caDse, SO in stock speculation has the
| plan Of Stock Privileges been tried in the cru
| chile of public opinion and has become there
| by me1 popular every day.
Multiplication of the Put and CALI sys
| tenn may be given as follows:
| Put" Contract enables the holder OF 1t tt
| make profit by fall in the stock below TIT
| price specified in the contract. This charac
ter of contract is signed at price below the
| market value of the stock at the time OF 1ssu
| ing the contract, and reads as follows: