Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-22
MISCELLANEOUS.
TO STOCK DEALERS.
srocK SPECULATION
ON A SAFE BASIS.

no THE PUBLIC WHO DEAL IN STOCKS.
l and particularly TO that class who have
gr-at rishs attending the method Of dealing
hsrstofors IN use. the feasibility OF away TO
speculsts on q large scale upon the payment OF
. email sun OF money, with NO possioihty q.
loss other than the forfsItars Of the small
Of the particular stock dealt In not rising or
falling. according 10 the expectation " the
OF srstosl aud with perfect freedom nom all
liability for "moto mud." the system o.
STOCK PRivILEGEs. known .. "puTs"
ducsed, commsnis Itself 'sJoni cavii a. the
only plan Of operating. We're thii not NJ. why
would such extensive deahsgs In Stock frivi-
leees be carried IN In si the great stock CEN
tsrs Of The vorldi For lear. the system hAs
met With popular fayor and patronage IN Paris.
London and New York. and within the past
| gar has grown TO large proportions In san
Francisco. Many fortunes have bsen rvali<ei
IL this way b. persons beginnipg Win small
i~.vesunents. II Ia true thai one canno, Away.
| make. toe 10 tae particular stock dealt Ia rhon.u
remala stationary until the expifation 81 thc
Privilege Coatrast tee purchaser would loso
| the payment which he originally made. but can
loss NJ more. Msrstofors there h.ve been Tor
oas Pablo only the following ine,hca' Of deal
ing In stocks:
Firt-A purchase up m the payment Of the
whole amount OF money. In which case tho
pufcha.er runs only the risk Of . deprsciation
in the valuc Of the stock. which II . great rick.
ofientimes being atty per c'nt. In = single week
UT month.
second-A purchase upon the payment OF q
part Of the cost " the stock lar forty PER
cent }, generally known ~ buying ON : mar.
gins system irsusht with great Dang. 2. and
equally a. bad as : iportgssini ones home
stsai." having Brought many apeoon TO Deg
Tsira-A sale Of any stock to deliver At . fu.
turo time. the person selling being without the
stock a.d anti ,ipating q decline. with he ex.
pcctatiou Of buying 10 IN 81 Q lower price before
The time Of delivery expi'es. Ibis l. known as
selling abort" and requires : paJment down
Of At least forty per cent. on the market value
| Of tho s,ock. end sutails unlimited liability ON
one who thus operate. Certainly no proper.
minded p-r.on can co msni u 10 tse teopis.
speculation. the Privilege, VI : Put" and
scali.' plan Is far preferable. In New fork
heavy stock operators, suca ~ Russell sage,
jay Gould, Daniel Draw, and others. sell
Puts" and Calls" only In large pa'cels TO
any one purchaser. and In San Francisco there
ars also wealthy opsrstors In and ont OF the
san Ynneirco Stock and Exchange Boafd. Who
s-ll this same character Of Privilege only In
large parcels. These Privileges can always be
'c ss u,i N st sh,.s Psi,iI.s cs' o Sa.y 'i from ,p Sis
operators. and TO give the public sn opportunity
70 take advantage Of them In Q similar way.
according 10 the ability or desire OF each per.
con. 10 within the province Of q Broker In
stock Privileges. The p~'ple sre the sole ar:
biters Of any matter OF public Interest, and
never all to appreciate what IL good ami reject
the contrary I; f6r thsy set from principle. based
on results As IN politics the platform OF 4
party provides the test for success Of the cause.
Prisi'sss. sssn irisd ia The eruetSis Of public
opinion. aud has become thercbS n'ore popular
every day.