The sun., 1908-06-07
SUE STOCK PLUNGER WALKER
UE,S LOST MONEY STICKING TO
the BEAR SIDE roo LONG.

balance Of S7s.sis which Rrckers Seek
to Collect, Attaching His Bank Ac-
coupts--He Also suffered by McIn.
ure Failure-Said to BE I'm Chicago.
Attachments obtained against j. Brandt
Walker, the Chicago plunger, by Carpenter
paopot 4 CO., stock brokers, OF 81 William
g,reet seemed to Indicate yesterday that
Maker had been hard hit in the recent
bul market and was pressed for ready
cash Walker had been dealing in Union
Pacific Missouri Pacific. Smelters and
Steel from March to June with Carpenter,
Bassot 6 Co. and had been prominent in
the mark ct as one Of the bear speculators.
ycst-<day the brokerage house secured
a numner Of attachments from Justice Guy
If the Supreme Court and put them in the
hands of Sheriff Foley for service. The
With Avenue Trust Company and number
If Wall Street brokerage houses were
served with the papers. Walker was said
~ he in Chicago.
The papers drawn up by Blandy, Mooney
( Shiprnan. attorneys, allege that Walker
nyes the brokers s23,4l5 as commissions
and interest on deals made from March
To June on sales and purchases Of Union
Pacific Missouri Pacific and Shelters. for
which Walker was due to pay $2.0s4, ,l31.
and which had been sold for g., 2,057 ,s85.
according to counsel for the brok kerage
house Walker paid on account of the
$1,000 difference $4,000 on March 27 and
HGo OH May I, and still owes 1921 to
The brok erage firm. Besides the stock
account there Ia also an account due on
walkers 3 wheat speculations. On March S
and May Carpenter, Baggot 4 Co. bought
for 500. ss7 wheat sold for Walkers ao-
count f'r s7sO,ss7. and they claim that
Walker still owes them on that account
a matter of $1l.o
Walker began his bear operations in this
rtv in January, 1907. He is a son of Edwin
Walker. who was once chief counsel for the
chicago Milwaukee and st. Paul Railroad.
Walker was member OF the Chicago Stock
Exchange and with his brother, E. G..
Walker, composed the firm of Walker 4 Co.
He came to New York four years ago,
hut was unheard Of until last year. Walker
G,d most of his trading from Lakewood.
and the newspapers were furnished with
accounts Of his operations. He was re-
,orted to he short between 4O, 900 and GO, 900
shares in Ste'l during the slump and was
.Ipposed to have cleared up about $500, 900
on the deal He then began series of bear
raids in the Pacifics and Smelters and after
cleaning up on them went into the wheat
plt. where he made killing After that
lie apr reared in Saratoga and conducted his
operations from there AMI continued his
hear s,Deculations, culminaclg in this y ears
Ieals through Carpenter. Baggott Il Co..
which all show loss and through various
other houses. including T. A. Mcintyre 4
TO- Walker had an account with Mcintyre
known as No. 30 and was one of the first
who appeared through counsel against the
firm when it failed to protect him.
Atmore l.. Baggott. who lives at the Gram
atan Inn. declined yesterday to go into
details of the trouble with Walker.
We simply want our money" he said.
and took the easiest method Of getting it,"
Traders in the Street were not surprised
To hear that Walker was in trouble with his
brokers. 4 prominent trader said yes.
terday.
Il do not for moment believe that Walker
is hard hit or in hole. but he is undoubtedly
hard pressed for ready cash. He has been
on the wrong side OF the market for the
last month and half and has had a hard
time protecting himself The market has
steadily been on the rise and Walker has
been In wrong and that's about all there is
10 IT, How hard he has been hit he alone
knows