Article 2 -- No Title
NEW YORK, March 18 (åÇ*>) The stock market staged a re- ; covery today that sent it back ! up to its old peaks.</br></br>There was pretty good vigor in todayÛªs advance, and the market was quite broad. Leadership was excellent.</br></br>The Associated Press average of 60 stocks gained 60 cents at $116.40, the same spot it attained a week ago today. That mark is the highest for the average since June 4 of 1930 and is</br></br>Encouraging earnings and dividend news continued all week. Then yesterday, major New York banks began to lower their lending rates in line with .the previous cut made by the Federal Reserve in the discount rate. That meant the spread of easy money, and the stock market was encouraged.</br></br>The Associated Press average of_60 stocks in gaining 60 cents at" $116.40, was boosted by a hike of $1.00 in the industrial component, a rise of 40 cents in the rails, and a gain of 30 cents in utilities.