Show LEADING SHARES DIP TWO POINTS By VICTOR EUBANK Associated Press Financial Editor NEW YORK Nov 14 The 14 The stock market encountered profit taking reverses Monday and despite despie individual indi- indi vidual strength among specialties recent industrial leaders r retreated treated fractions to 2 or more points pint An opening dip put the teke ticker tickertape tape ape behind for a brief interval Slow low dealings accompanied a subsequent sub sub- sequent come back and the pace gain again quickened as further offer offer- hit the list after noon Liquidation dation dried up at the last Transfers Trans Trans- fers ers approximated shares Steels and motors main climbers last ast week were among the first to toive give ive ground Optimism Continues Business and political optimism was still a sustaining influence in lIt inthe the financial district but with European Eu- Eu troubles again to the fore specially especially the racial upheaval in Germany some traders apparently decided to cash in on the lengthy advance Bonds mostly pointed downward although rising tendencies were to tobe tobe be noted here and there therein in the loans department Commodities were mixed A break in the British pound reflecting a rush for dollars abroad partly on rumors the new Anglo Anglo- American trade treaty expected to tobe tobe be announced shortly would involve a sharp reduction in sterling dollar parity This was denied by the state department Fears of fiscal unsettlement unset unset- in France over the newest economic set up brought pressure against the French currency Pound Franc Dip Near the pound was off 2 3 16 cents at 13 16 The Franc was down 01 3 16 at U cents |