Show INVESTORS ARE SHY AT PRESENT General Attitude Towards the Stock Market One of Aloofness SITUATION IS UNCERTAIN SOME MOVING FACTORS IN THE CASE New York Sept 29 The general atti attitude attitude attitude tude toward the stock market last week was one of aloofness and neglect prompted apparently by a desire to await a clearing of ot the situation and by uncertainties un uncertainties uncertainties certainties suggested su by of ot the de developments developments developments of the week The neglected condition of ot the market resulted in a decline of prices which was supposed to be due principally to operations of ot a professional origin The feeling of en encouragement encouragement encouragement which hat has grown up pre previously previously previously was not relinquished but the conviction was general that the maintenance maintenance maintenance nance of ot the improved situation in the money market would be dependent en cn the tho conservation of resources from the needs to be met and upon refraining retraining from froma a diversion of the resources into speculative speculative speculative channels The approach of the October quarterly settlement period promised some large special requirements both here and abroad which served as a warning for tor special conservatism throughout that transition period There was much dis discussion discussion on tho the coming tour of the pres president presIdent president ident and tho the tone of his com coming comIng coming ing address might act on tho the policy of ot the government corporations The receivership for the New York sur surface surface surface face car lines although clearly foreseen had a disturbing effect owing to the th complexity of the financial tangle in involved Involved involved The poor reception accorded the announcement of the new stock Issue by the New York New Haven Hart Hartford Hartford Hartford ford with subscription privileges to stockholders at was a decided factor in chilling returning confidence in the Improvement of the Investment situation The action of the New York City 4 bonds gave some indication of or a speculative speculative origin for the previous rapid ad advance advance i vance In those securities and went into the same category of ot influences as the New Haven stock issue The measures of f relict by the treas treasury treasury treasury ury department have not approached the resources in hand for tor that purpose the amount of ot deposits with national banks reflected by the treasury statement be being beIng beIng ing apparently about compared with estimates of a 1 possible or even The banking position of the whole country count as revealed by the reports to the controller of Aug 22 shows an Improvement over that of May 20 notwithstanding the tho heavy loan Joan ex expansion expansion expansion throughout the west and is re regarded regarded regarded with assurance Changes in vari various various various ous Items of ot these reports are interpreted by government officials as Indicating a large scaling sealing down of ot obligations be between between between tween banks Indicating a reduction of demand obligations which Is s a further source of ot satisfaction The Tho course of ot the copper and Iron trades continues a central point of In Interest interest Interest terest in the consideration of ot the finan financial financial cial outlook Information of tho the extent of the buying of ot copper at the lower prices Is vague but trade authorities have grown hopeful that a stable basis for that market is near at hand The Theiron TheIron Theiron iron market also has steadied but new orders for finished products show some shrinkage In the bond department of ot the market there has been moderate but distinct dis distinct distinct improvement |