Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-28
HOOVER'S SPEECH IN GOTHAM
BOOSTERS HIS CAUSE IN STATE
Observers Point to Change
in Wall Street Odds as
Favorable to Party.
Copeland Is Still Viewed as
Holding Edge Over
Houghton.
Special Dispatch 10 The star.


ALBANY, N. Y, october Glow.
Smith left his official home here
Wednesday morning. When he returns
he will be either President-elect of the
United States or defeated candidate of
the Democratic party In other words,
he began his final speaking trip of
the campaign, scheduled to conclude
just before election day on his own
sidewalks of New York" or the imme-
diate vicinity, in furore of last
minute oratory.
AS the governor left for his remark
able reception in Boston, he carried
with him the insistent rumor that he
had better chance of winning Massa-
chusetts than his own New York State.
1t was rumor which received decided
impetus following the appearance of
the governors Republican opponent
Herbert Hoover, in the governors home
city, New York.
Mr.. Hoover's reception at Madison
Square Garden, the largest auditorium
in the city, was all that could be de-
sired IN the city of the Brown Derby"
And his speech filled the Republican
ranks from one end of the State to the
other with unlimited enthusiasm
9. o. P. leaders confidently shouted
That settles 1t" as soon as they heard
or read their candidates New York
speech and freely predicted that Mr..
Hoover would carry Gov Smiths State
without a doubt.
AS a matter of fact, there was an
immediate reaction on a political
barometer which is considered of far
greater significance than any party
leader predictions. This was in the
Wall Street election betting odds. Al
most Immediately after the New York
address the betting odds, which had
consistently favored the Republican
candidate from the beginning of the
campaign, again heightened slightly in
his favor for election and considerably
In his favor for carrying New York.
Held to be more significant than even
the odds was the fact reported by vari-
Gus brokers that there was a rush of
real Republican money. 1t brought the
odos as high as Az to / on bets that
Hoover would carry the Nation. The
betting odds on the candidate favored
to carry New York State had been
flirting around even money, with more
recently leaning towards Smith at
about to 5. Following Mr.. Hoover's
speech and the events of the last week
IN the national campaign. brokers
In the Wall Street section reported that
Hoover was favored to defeat Gov.
Smith in the latter's own State by
about these same odds of to 5.
In this connection there was consid-
cradle discussion in political circles over
the accuracy Of the Wall Street odds.
They used to be considered as indicat-
ing the result of an election beyond all
doubt, but it was recalled that there
was one famous occasion when the Wall
Street betting odds went decidedly
aWry. This was In 1916, when Hughes
was slight favorite up to election day,
and became a 2 to favorite on the day
after, when that historically close cleo
ton seemed to show the former New
York Governor victorious.
curious twist in the betting odds
was found in a comparison between the
h~ureS relating to the national and