PRESIDENTIAL RACE
WALL STREET ODDS
The opinion that the coming presidential election in America would not by any means be a landslide in favour of Mr. Franklin D. Roosevelt, as had been the case in the last election, was expressed by Mr. R. 'Guggenheimer, a New York lawyer who was in Christchurch recently during a tour of New Zealand.
When Mr. Guggenheimer left America Mr. Landon, the rival nominee, was gaining in favour or, to put it in the terms in which he said it was best understood in the. United States, the betting was six to four in favour of Mi\ Roosevelt. He thought that since he left the odds would probably have altered to even money on' both candidates. This betting was actually made on the election although it was illegal in New York State. The odds were fixed on Wall street by the exchange brokers not onlv on this matter, but even in such affairs as football matches. Wall street was in all tilings the financial nerve centre' of the country in a way it waa difficult to comprehend in this country, and its opinion on the result of the election carried considerable weight in the voting.
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19104, 27 August 1936, Page 14
Word Count
200PRESIDENTIAL RACE Poverty Bay Herald, Volume LXIII, Issue 19104, 27 August 1936, Page 14
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