Word: hutch
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...stock and commodity exchanges. Not so the "squeeze," which approaches a corner without actually turning it. Last week the corn pit of the Chicago Board of Trade, slumbering in the doldrums of depression, was stirred to humming life by a squeeze worthy of the late great Benjamin P. ("Old Hutch") Hutchinson himself. Thomas Montgomery Howell, a wiry, taciturn La Salle Street grain broker who is picked by many to fill the big shoes left empty when Arthur William Cutten moved up to Winnipeg (TIME, Jan. 26), was the squeezer. Many a fellow trader, including (according to stoutly denied reports...
...Pynchon & Co. formed an important unit in the U. S. investment structure. It came into existence 36 years ago in Chicago as Raymond, Pynchon & Co., a Board of Trade house and moved to New York the same year. Once thought to be its prize customer was Benjamin F. ("Old Hutch") Hutchinson, greatest of the grain manipulators, who cornered wheat in 1888. Perhaps one reason for the move to Manhattan was that at that time potent Chicago speculators, including John W. ("Bet-a-Million") Gates and Col. John Adams Drake, were transferring activity to Wall Street. Later the firm played...
...BOOK OF SIMON-A. S. M. Hutch- inson-Little, Brown...
Whence had these strange and noisy creatures come, creatures whose eyes were purblind, whose wings had never sufficed to raise them over the hen hutch fence? Some of them came from Guilford, Conn. These were Reptilians, low birds reported immune to disease who seemed to glide rather than walk, an almost extinct breed whose 40 remaining members are owned by Breeder Paul P. Ives. Others, George Lowry's ten white leghorns who last year laid 3,014 eggs, came from West Willington, Conn...
...cash" grain, amounting to 6,000,000 full freight cars. Here P. D. Armour, Joseph Leiter, James A. Patten and many another operator became famous. Here Arthur Cutten, prominent in Wall Street's late bull market, took the title of Corn King from J. Ogden Armour. Here "Old Hutch"-P. B. Hutchinson-ran the price of wheat from 89¾? a bushel to $2.00, then watched the market collapse to 60?. Present value of a Trade seat is $45,000. When the building opened it was $2,400. Even further back, in 1848, when a few pioneers organized...