Word: cutten
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What to do with their wealth? Fred J. Fisher apparently took the lead. He went into the stock market. On a large scale, he bought shares of various corporations. Financial writers began calling him a speculator. They linked him with Arthur W. Cutten of Chicago, an out-&-out, but secretive market operator. They compared him with William Crapo Durant, ousted founder of General Motors and now one of the shrewdest, hardest hitting operators in Wall Street...
...this, shrewd men laden with money were fully aware. They bought stocks and in such quantities that the bears could not supply. Shares of the Radio Corporation of America were particularly and peculiarly in demand. One Michael J. Meehan, Manhattan broker, bought and sold them for Arthur W. Cutten of Chicago and the Fisher brothers of Detroit, who managed a sort of corner in R.C.A. stock. Its price, consequently, rose $30 in the week. Prices of other stocks rose correspondingly. When the week ended, members of the New York Stock Exchange realized that on each of five successive days they...
...other Chicagoans who had similarly been asked to give cash for Liberty Bonds. Mr. Patten knew of none such, but he spoke freely of other Chicago patrons of the G. O. P. He named William Wrigley, "who is in Chicago hardly one month out of the year," and Arthur Cutten, another grain man. "I presume the McCormicks would come in that list," Mr. Patten added...
Rumors of a $600,000,000 merger involving the Baldwin Locomotive, Westinghouse Electric and Manufacturing, Westinghouse Air Brake, American Steel Foundries, American Rolling Mills and Standard Steel Car Companies were rife in Wall Street last week. Arthur W. Cutten, Chicago grain speculator and Manhattan stock market operator, was reported to have drawn up a plan with the Fisher brothers (Charles T., Fred J., Lawrence P. & William A., Detroit capitalists of Fisher Body fame), for a holding company into which the stockholdings of these recently successful investors would be pooled. A community of interest between six of the most prominent railway...
...prices of the common shares have been the amazement of the stock markets. They have sold for as low as $143.12½ a share, for as high as $261 a share. Apparently someone was seeking control, or a large say, in Baldwin Locomotive's affairs. Arthur W. Cutten, opportune Chicago grain operator, was known to be one heavy buyer of the stock. But last week it was learned that he had bought only 35,000 common shares. The "misunderstanding" in Philadelphia revealed that the Fisher brothers had taken up more than 100,000 common shares and a smaller block...