First Dip in 13 Weeks
NEW YORK, May 25 UP)ÛÓThe stock market receded slightly this week in the area of its brand new 1957 highs, first weekly retreat in 13 weeks.</br></br>The Associated Press average of 60 stocks dipped 40 cents to $184.50. This left it still within the zone of the string of new highs for the year established in the last two weeks but 60 cents below the latest high, established on Monday.</br></br>The Monday session was accompanied by a late ticker tape which fell behind buying orders early in the day. As on two occasions in the previous week this was regarded by some market technicians as a symptom of climactic buying in the three months rise. On Monday prices did nudge ahead to a new 1957 high but this proved to be the crest of the prolonged advance, at least for the time being.</br></br>The following three sessions were ones of mild reaction as values were clipped while profits were taken. At the same time, however, oils moved generally forward and there was a wide assortment of specialties which established big gains. Five of the most heavily traded issues of the week were oils.</br></br>On the final trading session prices advanced generally most of the day but precautionary pre-weekend selling near the close pared the rise to the slimmest margin. The day was a