ARTHUR CUTTEN STORY OF A SPECULATOR PDF

Seller Rating:. Soft cover. Condition: New. Originally self-published by the author in , Book Condition: New, Contents: Autobiography of the author, a trader who traded the largest number of wheat contracts of any trader in history. A spell-binding detailed account of the author's experiences in trading and observing the industry from the time he arrived at the Chicago Board of Trade building in to the end of his career in the early 's. A Canadian Press report describes how Cutten cornered the wheat market in "Forearmed with the knowledge of weather and crop conditions, he foresaw an impending world grain shortage.

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He was born on April 13, in Guelph, Ontario. Cutten grew up with a boy the world would later know as Lt. Cutten left Canada for Chicago in He arrived in Chicago with ninety dollars and a high-wheeled bicycle.

His first job there was with Marshall Field's wholesale house. After six months in various jobs, Cutten was hired by a former co-worker at the firm Hately Brothers. He moved to A. Stamford White in In , Cutten wrote an article, "Story of a Speculator," which was published in the Saturday Evening Post and later privately published.

In , he persuaded A. He would scalp two or three hundred thousand bushels of wheat futures a day when he first started. Cutten's had a brother Charlie, who also came to Chicago. Charlie died after being cut with a knife used on a tubercular hog.

Cutten's first big winning trade was in shares of the Soo Railroad Line. He bought shares at 54 and sold them two years later, in , at After taking those profits, he resigned from his position with A.

Because of his acumen for trading, Cutten was given the name "the New Napolean of the Wheat Pit" by newspapers. At various times, Cutten would trade in flax, coffee, cotton, wheat, rye, corn and other commodities. Cutten was considered the main rival of Jesse Livermore during the s as a speculator.

They would face off on various trades in the futures markets over the years. In Cutten was alleged to be cornering the wheat market and was defeated by the Armour Grain Company when its executives convinced the Chicago Board of Trade to allow delivery in rail cars on track instead of grain elevators.

As a result of the market problems in wheat in , the U. Congress passed the Grain Futures Act of Senate investigation. Cutten was found to hide his trading through the use of multiple accounts. Cutten took them to the Supreme Court, who ruled that the statue only applied to a person in the process of manipulating the market.

After a large winning trade in , he bought acres of farm land in DuPage County outside Chicago. He named the estate Sunny Acres Farm and hired E. Norman Brydges, a noted architect who worked with Frank Lloyd Wright, to design his home. When the Board of Trade Building in Chicago was being knocked down and rebuilt in the s, Cutten took two foot granite goddesses, symbols of agriculture and industry, that adorned the building and placed them on the property.

Later, after the Forrest Preserve acquired his property, the statues were moved to the Danada Forrest Preserve in Wheaton. Subsequently the statues were given back to the Chicago Board of Trade and are now displayed in a plaza to the east of the building. In Guelph, Cutten attended public schools and graduated from Guelph Collegiate Institute where he enjoyed playing many sports, especially baseball.

Jump to: navigation , search. Arthur Cutten. Hester M. CBOE delays reopening of trading floor after widespread disruption in the Loop. COVID continues to impact farmer sentiment; majority indicate economic assistance bill necessary. We visit more than websites daily for financial news Would YOU do that? Read the John Lothian Newsletter. FREE 90 day trial. Navigation menu Personal tools Log in. Namespaces Page Discussion. Views Read View source View history.

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The Story of a Speculator

Arthur William Cutten July 6, — June 24, was a Canadian -born businessman who gained great wealth and prominence as a commodity speculator in the United States. He was called to appear before the Banking and Currency Committee in regard to the causes of the Wall Street Crash of He was under indictment for tax evasion upon his death in Chicago in These nine children were: 1 Walter Edward Cutten Dec.

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The Story of a Speculator by Cutten Arthur W

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The Story of a Speculator by Arthur W. Cutten

He was born on April 13, in Guelph, Ontario. Cutten grew up with a boy the world would later know as Lt. Cutten left Canada for Chicago in He arrived in Chicago with ninety dollars and a high-wheeled bicycle.

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Arthur W. Cutten

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