Introducing Mr. Cutten

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 him $1,800,000.

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 rose in price in consequence. After predicting $1.00 corn, Cutten saw it sell at $1.10 to $1.14.