The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-02
G. 0. P. TICKET
10T0 1CHOICE
Flood of Money Enters Wall
Street and Fully $1,000
900 Is Laid.
MILLEB FAVORED 2 TO 1
Offers Are Made at 8 to 5
That Cox Will Lose New
York City.

Betting on the election yesterday
was larger than on all previous days
Of the campaign combined. For
time in the afternoon the commission
ers on New street and in the curb
market did nothing but record bets
some good sized ones. too. 1t was esti-
mated last night that not less than
81, 900 900 was wagered in the Wall
street district during the day. most OF
it at odds considered prohibitive to
anybody but a born gambler. Less
than $50 900 had hitherto been put up
with shareholders.
AS result OF this flood = last minute
money the odds on Senator Harding
scared from to 1 at the opening yester-
day to 10 I. then 8 TO l and finally
to 10 to /. Just TO prove that the 10 70
figure was not fictitious a number of
Republican members of the Stock Ex-
Grange amassed a pool of 100000 and
tried their best all day 10 find twenty
Cox supporters who would take $1,000
apiece of the offer. Not a nickel of X
vas taken. and the money Is still In the
With the odds so greatly In favor of
senator Harding to win most of the
heavy bets that were laid during the day
were on pluralities on which candidates
would carry this or that State.
Betting on New York state.
Several bets were made that the Re
publican Senator will carry New York
state by $4,000. Offers of unlimited
amounts at to were made that SEN
ator Harding will carry New York city.
and even money was offered that his
plurality in this city will be at least
rs, 900.
Even money was quoted on Harding
b. win in both Kings and Queens coun-
ties and that Harding would carry
Pennsylvania by 900 600. A Cox sup
porter offered few hundred at even
money that Gov. Cox would carry Ken
lucky. On the result in Ohio Senator
Harding was a strong TO l favcrite.
Contrary reports were received from
ne various commissioners about the
Smith Miller odds. At the start OF the
day the odds on Miller to defeat Gov.
Smith we're TO /. and w. l.. Darnell &
Co, ~ Broad street. acted as commits
f'oners for one bet of $4,000 20 $4,000
In this race. In the afternoon. however,
some Tammany money came down TO the
curb market and Miller supporters mar
rowed the odds 1t was reported that
to was asked by the Miller supporters.
but these odds were not confirmed. and
the last bet Of real money known TO have
been made was at to that Miller will
be New York's next Governor.
Gresser slight Favorite.
Some OF the betting yesterday rambled
into various factions OF the ticket. For
instance. in the hot three cornered con-
test for the District Attorneyship Of
Queens Lawrence T. Gresser, the Demo
cratic nominee. was held a slight favor
tie over his two opponents. A wager OF
$500 was made that District Attorney
Swami will be defeated for the Supreme
Court bench.
Never in the history OF Presidential
race in the memory OF the oldest men in
Wall Street were the odds so greatly In
favor of "A party's chief nominee as they
are In favor OF Senator Harding. They
have gradually advanced from the 70
offered when both men were NOM
mated TO the present 10 TO /.
An explanation OF the flood OF betting
money which found Its way TO the finan-
cial district yesterday may lie In the
fact that some OF II was placed as a
hedge against bets laid earlier In the
campaign. and which will insure the
bettor good profit. no matter who wins
The longest previous odds in the mem
ory OF the commissioners were the e
offered on both Taft and Mckinley q
defeat Mr.. Bryan. The closing odds In
the Presidential election four years ago
were 10 10 that Mr.. rrughes would de
feat Mr.. Wilson. This was one OF the
few times in history when the Wal
Street betting odds failed to interpret
correctly the result.