New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-07
Million Bet Here in
Last Day-West
Plunges
MARKET REFLECTS
FAITH IN HUGHES
Two to One Wagered He
Will Carry New
York State


Wall Street, which prides itself on al
ways picking the winner in a Presi-
Dental year, still demanded premium
to bet on Wilson. Hughes continued
the favorite in active betting. Stake
holders estimated that sl,000,OO0 was
wagered in the financial district dur
ing the day. In other parts Of the
country laying no claim to omniscience
in the matter of Presidential elections
many bets were made at even money
Nowhere did the odds favor Wilson.
Betting was lively in the uptown ho'
tells last night, the prevailing odds be-
ing 10 to 9 and 10 to on Hughes.
In addition to the fact that yester-
days closing odds on Mr.. Hughes
ranged from 10 to to 10 to 8, with
some betting done at 10 to 7, bankers
and brokers pointed to yesterdays
stock market as an indication of Re-
publican victory. Issues that would be
directly affected by q protective tarlt
were extremely buoyant and, led by
Steel common, closed from one to three
points up.
'- Many New Bettors
The manager OF an important Stock
Exchange firm reported that he had
placed more money on this years elec-
ton for merchants who had not made
it a habit to bet than ever before IN
his forty years experience in the fnan-
cial district. He said that his clients
had wagered at least $4,000 on MI
Hughes at odds ranging from 20 to 61.
to 10 TO 8.
A large amount of Tammany money
appeared on the curb and offerings
from this source were declared to be
largely responsible for the shortening
of the Hughes odds at 8 o'clock. AZ
one time reports were current that VII
son supporters were willing to take
even money, but it was learned later
that no real money was placed at those
figures.
The curb market yesterday resem-
bled a big betting ring more than a
market place where unlisted securities
are dealt in. Practically two-thirds OF
the days business was said to have
been done by the Stockholders. Many
wagers were reported to have been
quietly placed in the lobby OF the
stock Exchange. In addition to the
odds on the result of the national cleo
.ion the following were reported:
Two to one that Hughes will carry
New York State.
Fight TO FIVE that Wilson will carry
Ohio.
Eight to five that Hughes will carry
Illinois.
Four and one-half TO one that whit
man will be reelected Governor.
Millions Bet in West
Between $4,000, 900 and s5,oOO,o 900 has
been wagered in Chicago. the best
HUGHES odds yesterday being ~ to l.
Cleveland favored Wilson at 10 to .,
with Hughes money scarce; 500 II
$40 was offered that Wilson would
carry Ohio, without finding takers
Omaha reported bets laid at even
money. as did Milwaukee, st. Louis and
Hartford. In the latter city the odds
were 7 to 10 that Wilson would carry
Connecticut These odds were dupli-
Gated so far as Wisconsin was con-
cerned.
In Indianapolis Hughes continued
strong favorite, the prevailing odds
being 500 20 SIS, with slightly better
asked on the state vote. Little Wilson
money was in sight. Few bets were
made in Baltimore, and they were at
rates varying from 10 to on Hughes
to even money.
The odos IN West Virginia were
quoted at 10 TO on Hughes. Small
wagers were made at that price. An
offer Of Wilsonite 10 bet $3.50 against
81 900 was not taken.
Cincinnati odds went from ten 70
eight on Hughes TO even money last
night on receipt Of news Of the active
betting on Wilson in Wall Street.
Hotel Odds 10 tos
In the New York hotels it was esti-
mated that between 100000 and $780,
600 was wagered last night. Nearly
every bet made in the grills and bars
and corridors of the hotels was on the
national result, the odds for the mos.
part being 10 TO on Hughes. A few
bets were placed at 10 70 z, and several
were recorded at 10 70 Q. Most OF the
betting was done in the WaldorfAs-
toria and the McAlpin.
A. G. Dennison, the house detective
at the McAlpin, said that he knew OF
wagers amounting 70 $4,000, which
were made in the hotel. Sloan Gordon
wagered $4,000 20 $4,000 on Wilson,
the biggest bet at these odds reported,
and Newton Marshall, assistant mana
ger of the McAlpin. placed $3.50 OF
some Virginia Democrats against 81 200
Of some New York Republicans that
Wilson would be elected. One bet OF
81, 900 70 $4,000 on Hughes was made
last night in the Waldorf. One man
with Whitman money was forced TO lay
odds Of to TO get 5000 from a Sea-
bury man. At the Astor there was
plenty of Hughes money offered At
even, but the hackers Of Wilson in
sisted upon the quoted Wall Street
II - a ard IN IN Few haf :