Stocks Hesitant

The fact that stock prices are in the main hesitant is impressing Wall Street, as well as other communities who realize their record as a business barometer. Industrial shares have been irregularly weak, and the general market without strong trend up or down. This may be a "technical reaction" after the great previous price rise, or it may express far-sighted doubts as to business next fall. Undoubtedly the market is now in a better technical position, however, and the drop of call money under 5% has not been without a favorable effect upon it. Bonds have turned firmer, after their recent slump, due no doubt to the assurance of stability in money rates for the time being. Liberties and foreign governments in particular have made a good showing.