Word: peake
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Dates: during 1930-1939
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Adding to an impressive list of expeditions, four members of the Mountaineering Club will leave New York tomorrow to join the British-Himalaya Expedition in an attempt to climb Nanda Devi, the highest peak in the British Empire...
Nanda Devi is 25,662 feet in height and located in the Sikhim Himalaya range, about 60 miles from the Tibetan border. Although there are nine higher peaks than Nandi Devi, including Everest, none have ever been climbed, and, unless Everest goes down to defeat this summer, success in reaching the summit of Nanda Devi would give the Harvard climbers the honor of scaling the highest peak ever reached...
...most interesting feature of this peak however, is the problem of getting through the range of mountains which surround it and almost completely prevent access to it. These peaks lie in an unbroken range of about 22,000 feet and enclose a valley or plateau in the center of which stands the single peak Nanda Devi...
...boom is predicated upon studies of the U. S. real-estate cycle, which is -much longer than the typical business cycle. A case history of real-estate activity in St. Louis since the Civil War shows only four great depressions: one in the 1870-5; one following a towering peak reached in 1890; one during the War after a 13-year decline; one starting in 1925. "Few men under 50 today have been in business long enough to have experienced more than one general real-estate boom," Mr. Wenzlick points...
...rentals continue to climb, it becomes more profitable to build than to buy and residential building starts to boom-the second phase. Feeding on itself, the boom creates demand for additional office space and commercial buildings, the third and final phase of a great boom. "Soon after the peak in commercial building is reached, the feverish activity of the boom will subside," says Mr. Wenzlick. "This period is probably ten years distant. Vacancies will again increase and rents will drop. All indices will again turn sharply downwards...