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Judge Edward J. Daly yesterday reserved decision on a superior court motion involving the Merchants Trust Company, after presiding here in the fourth of a series of 11 hearings concerning defunct banks of the state. The motion, presented in behalf of Richard Rapport, state bank commissioner and successor receiver of the bank, asked for an extension of time for filing a list of assets of the bank and for receiving bids for purchase. Similar motions have been filed in connection with the other 10 state banks now in receivership. Assistant Attorney General Robert M. Dowling, who appeared for the receiver, said it had been planned to solicit bids for all of the defunct banks at the same time, but litigation arose recently in connection with the Mechanics bank in New Haven and as a result bidding on assets of that bank has been precluded. The counsel said it would be advisable to delay action on selling assets of any of the banks until assets of all 11 could be listed. Attorney Herman A. Weisman, who appeared as an interested party in the proceedings as an attorney of record for the bank, said he agreed with all that was stated by the assistant attorney general. Judge Daly commented the assets of all of the banks might be offered for sale by taking from the list those assets of the Mechanics bank which are to be questioned. He indicated that since the original deadline for filing the list of assets was nearly here, Jan. 15. an extension may be given to permit time for revision of the assets of the New Haven bank. The jurist said he will decide all of the series of motions for extension at the same time, after all