Word: cutten
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...Chicago last week Newsman John Gunther (author, Golden Fleece, Harper's, 1929, $2.50; Eden jor One, Harper's, 1927, $2; Red Pavilion, Harper's, 1926, $2) of the Chicago Daily News went to interview Market Operator Arthur W. Cutten. His mission was apropos of nothing but Mr. Cutten's position as famed Bull. He found Mr. Cutten easy to talk to, difficult to interview...
Perhaps inspired by the investment trust activities of their potent fellow citizen, Arthur Cutten of the Board of Trade, a group of Chicago capitalists organized, and last week announced, Chicago Corp., a $60,000,000 midwest investment trust. The directorate of the new corporation is of the top stratum of Chicago's financial world. Packers are represented by Edward F. Swift, vice president of Swift & Co., and F. Edson White, president of Armour & Co. Merchants include George B. Everitt, president of Montgomery Ward and James Simpson, president of Marshall Field. The present Marshall Field conducts the investment house, Field...
...Investment Trust, in effect, turns his money over to a group of experts who have the advantage of a thorough market knowledge and of handling sums ranging from three to five hundred million dollars. Such an investor is letting men like Simon William Straus, the Seligmans, Arthur Cutten, Fred Fisher, Walter Chrysler, invest his money for him. Investors in U. S. investment trusts usually do not know exactly where their money is being used (English investment trusts are more considerate); they are simply trusting the Trust. Perhaps the best analogy to an Investment Trust would be a hypothetical bank that...
Petroleum Corp. Outstanding among recent Investment Trusts is Petroleum Corp. of America, the long-rumored oil securities company last week formally announced by Blair & Co. Petroleum Corp. offered 3,250,000 shares at $34, a total capitalization of $110,500,000. Prominent among its executives are Director Arthur W. Cutten and Board Chairman Elisha Walker, first partner of Blair & Co. (TIME, Dec. 10). Other famed directors are Halstead G. Freeman, president of Chase Securities, Charles Hayden, of Hayden, Stone & Co., E. F. Hutton, chairman of Postum Co., Inc. President is John H. Markham, Jr., head of the Exchange Bank...
Motor Trust. With the Cutten-Blair & Co. Petroleum trust definitely established, rumors last week centered about the formation of an automotive trust in which the names of Mr. Cutten and a "progressive Wall St. banking house" were freely coupled. Two other great names were added?Fred J. Fisher, Vice-President of General Motors and Walter P. Chrysler, head of Chrysler Motors. This quartet was credited with the planning of an Investment Trust with a capital of from $500,000,000 to $700,000,000, formed to operate exclusively in automobile securities. Upon this automotive rumor was built an even grander...