Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-26

Ontario, in 1870 he went to Chicago In III
early twenties and began his long; hard climb
up the millionaires ladder a clerk in a hard%
ware store. His salary was small enough ID
keep him good at figures and make him realize
the power of dollars accumulated. He studied
the world markets, porting over the lessons %
supply and demand and analysing crop condi%
tions. Later he became clerk in q graid
brokers' Office and there delved further into the
problems Of corn and wheat.
There came a day when he did not appear
at his desk in the grain brokers' Office. Shorts
after the market had opened his boss found
him, pencil and paper in hand just inside the
door on the floor of the Board of Trade.
What the blazes you doing in h@e,
Art?" his employer questioned
"Oh, forgot to tell you. want to be fred.
was the young mans reply. I'm on my own
now" .s..
For the next few years he was "scaiper,"
playing the market for slight rise or drop in
corn or wheat, with an occasional dabble IN
rye, barley or oats. Once he took flyer" IN
lard and reaped nice profit. Other deals fol,
lowed, and in relatively short time he was
specializing in a large way.
Because he had nothing to say regarding his
deals and accepted no gratuitous advice, oldeD
spectators dubbed him the lone wolf" Sew
eral years later they called him the big bear"
for by adroit strokes he had gradually accumu.
lated 81 ,00O, 900.
Ills repuCaClOn IOr silence ana aDluCy grew
with his wealth. Occasionally he spoke, fore-
casting the market, and usually those who fol.
lowed his forecasts with investments profited
thereby The amount of his wealth was never
made known but in 1925, when personal income
taxes were made public, it was learned that his
was the largest Of any one man in the Chicago
district.
DESPITE his occasional statements ON the
f,,%,, If he
bling in that commodity has always been dis
couraged by Mr.. Cutten.
There are SO many wrecks down there in the
pit!'' he explained one occasion. eff HAD
a son wouldn't let him touch it with 1O-fooA
pole. People call themselves brokers' but they
are only part of that-the broke part. Not
more than 10 per cent of the men who go into
grain remain. The rest pass out and those
who stay are mostly broke brokers'
Their falling seems to be lack of nerve.
They seem to lose it when they handle their
own money. So they have to trade for others
on salary"
Stories of large winnings in the New York
stock market by Mr.. Cutten were also. current
during the boom days of Is months ago. Rus
more emanatnig from Wall Street and circu-
lated throughout the financial district credited
him at that time with cleaning up more than
$18,00O,000 in the stock of one corporation
alone. New Workers were convinced that he was
now playing the Eastern stock market in the
same sensational way he dealt in wheat IN
Chicago.
Apart from profits made through his acquh-
sition of 100000 shares of the stock, which rosD
about $50 points after his purchase of 1t, Mr..
Cutten was known to be big holder of many
other high-priced favorites. Today it is said.
he continues his active aggressive and success
ful interest In widespread financial affaira
tOoDyTtshts 19So0 II