Active Trades Boost Market To New Gains
NEW YORK, June 2 (AP)ÛÓThe stock market, displaying renewed vitality after its recent decline, advanced on a broad front today, Trading was active.</br></br>baeeos, airlines, farm imple-menls, mail-order and retail, rubber issues and motors. All other groups were mixed.</br></br>Big Board volume, was the highest in nearly three weeks. It totaled 17.74 million shares as eompared with 11.93 million shares Tuesday. Brokers said many institutional investors, who had been sitting on the sidelines during the recent market decline, reentered the market.</br></br>ÛÏWhatÛªs happened today is very simple: (he interest rate picture improved,Û said Ro-j bert Stovall, Reynolds & Co.! analyst.</br></br>Lower interest rates are welcomed by the market, be explained, because they help fuel business expansion and make stocks a more attractive investment relative to bonds, j