Word: cutten
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Dates: during 1930-1939
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...many a wealthy Chicago home by announcing: "The gangsters told me that they had a list of men they were going to take and that every one of them would pay." Instantly local and state police guards were thrown around the homes of 40 rich Chicagoans, among them: Arthur Cutten, John D. Hertz. President Warren Wright of Calumet Baking Powder Co., Otto W. Lehman (former owner of The Fair department store). The names of the other 36 marked men were withheld by police. Politicians. Beer drenched and politics complicated another major kidnapping of the week. For four days the relatives...
Last week Board of Trade seats touched $7,000 (up $2,000) and the Board of Trade began again to feel as if springtime were the only pretty ring time. Trader Thomas Howell was seen several times upon the floor contrary to his custom. Arthur Cutten was reported active. Oldtime Trader Gardner B. Van Ness was home from Manhattan. Herbert J. Blum, long inactive, was reported once more functioning. Jesse Livermore was back in Chicago with his new wife and reported bullish on corn...
...speculator," wrote Arthur William Cutten in last week's Saturday Evening Post. "Speculators have been of immeasurable value to the development of civilization. ... I am not boasting when I say that I have traded more heavily than any other individual who ever stood in the wheat pit.* This is the fact. In stating it I am establishing my right to be heard along with other men, who only theorize about...
...Bull Cutten, who has been an independent trader for 26 years and has never lost as much money as he has made, was ostensibly writing an autobiographical narrative, "The Story of a Speculator." The first of three installments told of his boyhood in Guelph, Ont. his going to Chicago, his first contacts with the Pit and how he learned to "sweat blood" when prices moved against him. But woven through the story was his defense of speculation, his malediction of all regulations that impede...
...taxes which make "scalping" (small, quick trading) difficult, and the rule that all transactions of over 500.000 bu. must be reported. When Farm Board operations were at their height many speculators gave up trading in the Pit because prices were no longer subject to natural movements. Bull Cutten had his first experience with regulation in 1926. He had bought tremendous amounts of wheat and felt that "events were justifying the judgment of conditions I had formed months before when I had taken my position. By every right of commerce I was entitled to a profit on my transaction...