Word: climbing
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Dates: during 1950-1959
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...reassure friends, Supreme Court Justice William O. Douglas, 51, who broke 23 ribs last October when his horse rolled over on him, announced that during this summer's trek through Iran "I don't plan to climb [any mountains] higher than 20,000 feet...
...many a listener was concerned, budding Composer Kupferman, a man with a freshening sense of melody, could climb right up near Composer-Critic Thomson (Four Saints in Three Acts, The Mother of Us All) when it came to setting Stein to song...
...bull market got its hardest jolt in five months. In three days last week the Dow-Jones industrial average dropped from its so-year peak of 228.38 to 222.44, just about where it was before the fast climb a fortnight ago. Most traders thought the slump a healthy sign, since it failed to produce any heavy selling. In fact, the volume of trading dropped off each day the market fell. Since the rest of the economy was still running at high speed, the bulls were still unworried...
Half an hour after the New York Stock Exchange opened, a flurry of selling began. There was no patent reason for the selling except some profit taking and perhaps some nervousness over the market's long climb. By 11 a.m., the scramble to sell was so great that the Exchange's high-speed ticker fell four minutes behind the actual trading. In two hours the Dow-Jones industrial average, which had opened at 222.30, plunged to 218.66, wiping out all the gains of the past four weeks...
Then, as suddenly as it had started, the selling ebbed. Orders to buy trickled, then flooded into the market-mainly for General Motors, which had announced its proposed two-for-one stock split the night before. G.M. took off on a climb from 89-5/8, its low for the day, to 91--a gain of more than 7 points (and far above its 1929 high of 91¾. The demand spread to other blue-chip stocks. By day's end the Dow-Jones industrials had regained all their losses and then some...