You obviously use a single space as your field delimiter, so the command should look like:
cut -f1,3 -d' ' file
which will get you the first and third field. You can also use character boundaries instead of delimiters:
cut -c15-17 file
will cut the fifteenth, sixteenth and seventeenth character and display these three characters from every line as output. Find more of this info at the "fountain of arcane UNIX knowledge", aka "man page".