DEADLOCK IN THE SENATE

Taranaki Daily News, 7 November 1930, Page 9

DEADLOCK IN THE SENATE

AMERICAN ELECTION PARTY STRENGTHS EQUAL PRESIDENT’S [POWER OUT AWAY. INCREASED VOTE FOR LIQUOR. By Telegraph—Press Assn.-—Copyright. Rec. 10.30 p.m. Washington, Nov. 6. Republicans Ipld Democrats are almost deadlocked in both tho Senate and the House of Representatives as a result of the election. The aetual majorities hinge on thfr- few final returns and recounts. The Republicans _ stand to gain 218 votes for a majority in the House by victories in three normally Republican districts still involved, in close contests in the Senate. The bid of Mr. Schall, a Republican of Minue : sota, to overtake the early lead of Mr. Einar Hoidale, Democrat, gives the Republicans hope of retaining 49 of the 90 seats. , Final returns continue to augment the Democratic gains and emphasise ths shearing away of President Hoover’s power. Not only will he.be unable to control the direction of legislative trends but he' will virtually be left in command only of the veto of such bi-partisan legislation as may emanate from Congress. The defeat of Senator Allen in Kansas and the election of his Democratic opponent, Mr. McGill, and the apparent election of-the Democrat Senator Logan in Kentucky gave the Democrats numerical control of the Senate, the Democrats numbering 48, Republicans 47 and Farmer-Labour one. In the House of Representatives the Democrats are 218, with a possibility that their majority may be increased by,five more on delayed counts in Kentucky. In the Governorship elections Massachusetts chose a Democrat and not a Republican as at first reported. Seven incumbent Republican Governors were turned out by the Democrats and only one Democrat was succeeded by a Republican. The Wets continue to hold 18 Senate seats and won 40 House of Representatives seats, giving them 135 altogether against 300 Dries. The Wets won every State referendum.

Apparently disturbed? by the outcome of the election traders on tho New York Stock Exchange threw stocks overboard and the whole list broke wide open, starting quietly and gathering momentum. throughout. the session. Issue after issue fell to the lowest point for the year or longer under the downward leadership of United States Steel, which dropped six points to 140 points, registering a total market loss since last season’s high point of over £200,000,000. Other markets showed, a similar reaction.