New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-23
THE STREET NOT DISTURBED
LIQUIDATION STILL GOING ON.

ONE SMALL FAILURE wrru NO ErFECT-BCSlNEss
AT THE STOCK EXCHANGE.
Wall Street was not excited by rumors yesterday.
small failure was announced at the STOCK TX
change but il was absolutely without effect on the
course of prices. The fact that the wild rumors
which have recently been circulated were not ver-
fed tended to calm still more the feyerish excite
mont of the Street. But while the stock market
uos not disturbed greatly by failures fears of
disaster the downward movement OF stocks was
continued The liquidation made necessary by the
recent suspensions was apparently not completed.
Busiress AT the Stock Exchange was smaller IN
volume than on Wednesday. The weakness of the
coal stocks was a conspicuous feature. Lackawan-
M sold down TO 1882 and. after recovering l per
cant closed = per cent lower ;isa on the previous
night Reading opened materially lower at - a.
but after a smart rally fell to 25l2 and closed AT
%. jersey Central. which il leased 10 Reading
suffered still larger loss in spite of its decline on
Wednesday. The first price was its pest
and from G5 it fell to 57A. but rallied
NJ the close 10 So Besides the coal stocks. Union
Pacific was specially weak. declining 10 3oH anu
closing at 36l2 with final loss o. 34 pei cent
The COMPANY received a private dlspalch lTou
Frederick l.. Ames who rs III Chicago, staring that
recent reports about the c0mpanys ahairs al
Omaha were entirely without foundation.
The stock market closed with handsome rec Gov
cry fIom the lowest prices. but wan geherai loss
of from Is 10 - per cent. Erie was an exception III
ending triGe higher. at 10, than on the previous
day.
Mr.. GOULD AND Mr.. SELlGMaN TALK.
AN EARNEST CoNvERsATroN OVER MlsUNDEk-
STANDING GIVES RISE TO STORIES DISPUTE
Wall Street was eager for news and gossip yes
ferday as it has been ever since the disturbances
growing out of the Grant 4 Ward collapse. 1t
could find no new failures of consequence and no
new roofs were taken of of financial institutions
or individuals SO the best that could lie done was
the starting OF a story that Jay Gould and Jesse
selignan the banker, had had an alteration IN
the street which verged upon personal COLLISION
When first started the story wore al quiet ROBE
but it soon became greatly exaggerated. The facts
which furnished the ground for the story seem 10
be these:
Nh Gould met Isaac n. Seligman, the son OF one
of the senior partners of J. W. Selgman Coz
in Exchanr,-place near Broadst late in tie after
noon, and engaged in conversation Inc TAX was
about business matter. the nature of wheel was
not learned but which led to an explanation be
tween, the two men, Mr.. Seligman is one of the
hanI>oulo,t brokers in Wall Street. and he ~ also
of nervous temperament. He talks quickly as
rule and when earnest i apt to raise MS N"lc anu
use qesturpe literally. While cOUYrfsing win Nj:
I;ouId the manners of Mr. Seligmau were exhibited
As usual but the two men sepatated WlChoui
collision the passing OF any mart "p!Hs tla.
could be authenticated. 1t is supposed tlat Two
or three observers of the ConvcrSaj on must nave
gratifcd their desire in the gossipins Inc Dy e1-
aggerating the facts.
Jesse Selignan, whose name was first mentioned h
connection with the incident, SAID asst neht th4t u
Lad not seen Mr.. Could nor been ID EXchaEge-piare
f. There has been no trouble or dispute. ne aided,
between MIR Gould and myself. or any other
member oi the family The story Is MADE OAt OF
whole cloth. There is no business dispute between
Mr.. GOdld and our firm 49,. 49,,
Isaac y sci gnan was seen at The Windsor Hote;
He smiled when asked regarding Inc reported
alteration and said There nothing o. the
least consequence between myself and Mr. NoHid
No hard words were passed. and the story Ol an
olterr9tiou is nonsense. | met Mr. Gould anC
Ia kcd with him about a certain matter OF business
II was simply n misunderstanding. ana was
trying 10 explain the matter 10 Inn ana ne was