Word: cutten
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Arthur W. Cutten of Illinois, trader in grain, reputed to have made 15 million on paper in the present bull market, is celebrated for his efforts to avoid celebrity, to hide his light under a bushel...
Wheat has gone beyond the much-afllicted U. S. farmer's wildest hopes. Five grades of cash wheat here sold as high as $2.10 a bushel, while futures have advanced 80 cents from the low point of 1924, and 18 cents during the past two weeks. Arthur Cutten, prominent speculator, and Julius Barnes, famed grain expert, both predict $2.50 wheat before the new 1925 crop is raised-old grain traders declare they have never seen such a market...
Another "big operator" has been developed this Spring by the sharp rise of grain in the Chicago Board of Trade pits,−Arthur W. Cutten. His dealings in grain this Spring are said to have netted...
Born in Guelph, Ontario, in 1870, Cutten was successively a clerk in a hardware store, a brokers' messenger boy, a trader in the grain pits and member of the Chicago Board of Trade, and a dirt farmer and cash grain merchant. Earlier in the year, in the belief that a natural bull market in grains was ahead, he bought corn options at 75 cents a bushel. Last May corn prices slumped badly and forced Cutten to buy heavily to sustain prices. But this proved a blessing in disguise, for bad weather injured the crop, and the scanty prospective supply...
Incidentally, while the rise in corn prices at Chicago has been fundamentally due to basic economic conditions, its rapidity is reputed to be due to a large Chicago grain operator, Arthur W. Cutten. Before the poor condition of the current corn crop was apparent, there was a large "short interest" in corn, speculating for the decline. The lateness of the Spring season and the poor prospects of the corn crop, however, completely turned the tables. The visible supply is small, and Mr. Cutten and his associates are reported to control most of it. The unfortunate "shorts" are now paying through...