AMERICAN PRESIDENCY

Stratford Evening Post, Issue 75, 9 November 1928, Page 6

AMERICAN PRESIDENCY

STRONG JNFLUENCES PROHIBITION AND RELIGION. STOCK -MARKET ACTIVITY. NEW YORK; Nov. 7. While it will take weeks before the ultimate total of the popular vote will be known, it seems to indicate that Mr Smith will receive approximately 14,000,000, and Mr Hoover 21,000,000. ■ It i 9 particularly interesting to note that under the Ameiicau system, wh,ere a popular majority in eacii State captures the total of the electoral vote thereof, the Republicans’ victory was amazingly strategic. lif permitted Mr Hoover to get 444 electoral votes against Mr Smith’s 87. Despite the latter’s large popular vote lie obtained fewer electoral votes than any Democratic Presidential nominee in history. Congressional returns arc substantially as indicated yesterday. One Negro member of the House of Representatives was returned from Chicago.;

LANDSLIDE ORDERS. The sweeping Republican victory brought landslide orders into the Stock Market to-day from the. entire country. The orders for stocks listed advances in price, some gaining from three, to five points. Among special issues the gain reached eleven points. It was one of the broadest stock markets in the history of the exchange and the machinery was taxect'to the utmost. The tickers were running' 4.3 minutes behind the market. The total saleij were over 4,800,000. From a wealth of nation-wide editorial comment explaining Mr Smith’s defeat, a leader in the 'Wheeling (West Virginia) Register is one of the most interesting. It -=nvs; “Mr Hoover’ 3 smashing victory places the country on record as opposed to a Catholic President, and as favouring prohibition as if no other issues counted.' ; FUTURE DOUBTFUL. “With a wedge driven deep into the heretofore impregnable, south, the future, of the Democratic Party is doubtful and dark. Farmers of the West are too imbued with Republicanism to give hope, of agrarian strength,; while the. Fast is too selfsufficient to bother with minority parties. The possibility of a Republican Party split, or of a new party. with new issues and new principles constitute the outstanding hope of the dissatisfied clement of the . population.”

A despatch from Washington' to the New York Times •states’; ■“The., concensus of opinion h,ere seems to he that Mr Smith’s crushing defeat ■ as sures the maintenance of prohibition as a national policy for many years to come,. Tills at.least is the view expressed by the leaders of ‘dry gioups, and it is shared to some, extent by some of the administration officials in private discussion of the lessons taught by yesterday’s election,”