| Show MONEY MARKETS MARI MAR ETS By James McMullin The Telegrams Telegram's Exclusive Observer Along Wall Street NEW YORK YORK John John L. L Lewis Is grappling for a new political handhold as a result of his candidates candidate's candidates candidate's candidates candidate's candi candi- dates date's defeat in the Pennsylvania primaries Insiders spot a significant significant significant cant clue in his refusal to commit himself to support the Democratic nominees in November plus November plus his cryptic utterance to the effect that the Republicans would try to make the new deal the main issue in November but it might turn out to be something else Its It's diamonds to dishcloths that the labor chief is getting ready to announce his support of J James Jmes J. J Davis in the senatorial contest He Is plenty sore at his former playmate Governor George H. H Earle Some of the latter's cracks at the C CIO I 0 during the primary campaign got under his nis skin Moreover he could back Davis without straining his political conscience He helped the senators senator's senators senator's sena sena- tors tor's original up build-up to high office and Davis while generally conservative has consistently voted for legislation desired by labor Of course Lewis cannot plump for his old friend as a Republican can nor as an opponent of the new flew deal To do so would play squarely into the hands of his arch enemies the Pews and the Weirs So he must seek to justify justify justify jus jus- jus- jus his prospective position by focusing on a different issue entirely entirely entirely en en- probably the charges of financial irregularities brought against Earle by ex-Attorney ex General Margiotti He can also take the position that Davis has proven himself a friend of labor and therefore merits labors labor's backing This doesn't mean that Lewis will also support Arthur James conservative conservative conservative conserva conserva- tive G. G O. O P. P nominee for gover gover- nor That's most unlikely In fact he may seek to have his C CIO I 0 stage a sit-down sit strike so far as the gubernatorial election i is concerned not concerned not vote for governor governor governor gover gover- nor nor at all If Davis then ran up a much bigger vote than James Lewis could cite it as proof that the C I IO Io O 0 is still potent at the polls He might make quite a respectable showing on this basis After all Thomas Kennedy wasn't exactly snowed under in the primary In any case Lewis has no intention of allowing himself to be counted out politically Reports have been circulating that Samuel Seabury the Seabury-the the shrewd legal inquisitor who put the skids under Gotham's playboy mayor Jimmy Walker in 1932 would 1932 would be named counsel to the joint congressional congressional congressional con con- gressional committee to investigate investigate investigate gate the Tennessee Valley Au Au- Well posted New Yorkers scoff at the idea They point out that Seabury was an ardent anti- anti in 1932 and is not suspected of having changed his mind since He went to Chicago in that year with a speech in his pocket blasting F. F D. D R. R for his allegedly weak handling of the Walker case as governor of New NewYork NewYork NewYork York but never got a chance to deliver it Its It's a cinch the White House would not care to have him in charge of the T V A inquiry And while the investigating committee commit commit- tee is far from unanimously new a majority of its members members members mem mem- bers are likely to be responsive to the presidents president's wishes in the selection of counsel C CIO I lOWest 0 West Coast Firebrand Harry Bridges is losing ground to his east coast counterpart Joe Curran in their friendly race to dominate John L. L Lewis militant militant militant mili mili- tant marine workers Bridges' Bridges quarrel with Harry Lundeberg leader of the unaffiliated unaffiliated Sailors Sailors' Union of the Pacific has has weakened his influence with maritime labor Australian Harrys Harrys Har Han rys dog fight with Dave Becks Beck's A F L teamsters in every port on ontie tie the Pacific has also wrecked his inland support Bridges sent his longshoremen through a teamsters teamsters' teamsters teamsters' teamsters teamsters' team team- picket line the line the unforgivable able sin in labors labor's code Another S sore spot is Bridges' Bridges constant bickering bickering bick bick- ering ening with the San Francisco Waterfront Waterfront Waterfront Wa Wa- Employers' Employers association Curran on the other hand has been making progress with Atlantic Atlantic Atlantic At At- lantic coast employers At fi st the latter did not care for his obnoxious obnoxious obnoxious ob ob- ob- ob noxious habit of pulling quickie strikes and his belligerency at the conference table Lately Curran has outlawed quickie strikes tells a few funny stories to employers employers employers em em- before presenting his demands demands de mands and backs them up with N L R B election victories His National Maritime union has been certified as bargaining agent for 52 shipping companies on the Atlantic Atlantic Atlantic At At- lantic and gulf ports E. E A. A Pierce is head of the biggest biggest biggest big big- gest New York stock exchange commission house which bears his name Wall streeters regard him himas as rather ambitious and he has been mentioned for the paid presidency presidency presidency dency of the exchange He is an important figure in the financial world and may become more so but his associates associates' re respect respect respect re- re for him is tinctured with amusement For instance he has worked for the past year or so with the reform element which has finally won its fight to oust the Whitney crowd from control of the exchange and install an entirely renovated management But when Whitney failed it was disclosed that Pierce had loaned him on his face faceS Comment runs that Mr Pierce evidently felt it advisable to be bein bein bein in right with both camps Quite a few people have written written written writ writ- ten the new board of governors of the New York stock exchange nominating themselves for the paid presidency Applicants evidently evidently evidently evi evi- evi- evi dently figure theres there's no harm trying trying try try- ing ing Mexico said Mexico said aid to be considering considering con con- side ing expropriation of foreign L' L J. 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