Word: walls
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Dates: during 1950-1959
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...Hickey was chilled enough so that circulation could be almost stopped without fear of damage to his brain, the surgeons opened both his aorta and his heart. Through a slit in the aorta they slipped the stem of the tee-shaped gadget, then worked this down into the heart wall until its head plugged the blowout. After trimming off excess stem, they sewed the plug in place. Then they stitched up the incisions, closed Hickey's chest and let him thaw...
...market last week regained about one-quarter of the 52 points lost since August. The Dow-Jones industrial average closed at 482.39, 15 points above the low at the start of the week. The upswing was almost identical to the surge from a 53-point drop last May. Said Wall Street Broker Harold L. Bache: "I look for higher prices and increasing activity in the market...
Last week's snapback was triggered by predictions that 1957 would see production and sale of 6,500,000 to 7,000,000 autos, and that the Suez trouble would be solved without war in the Middle East. Even more important, Wall Street was getting over its scare that Eisenhower might be licked...
...Wall Streeters, Merrill Lynch, Pierce, Fenner & Beane, the world's biggest brokerage house, has long been known as "We, the People," "The Thundering Herd," "Bureau of Missing Persons." A supermarket of finance with 104 partners in no cities, Merrill Lynch handles everything from commodities to 10% of all trading on the New York Stock Exchange. Founder Charles Edward Merrill always took the gags as a compliment. Over the years, his driving ambition was to convince the small investor that he should buy a stake in the U.S. economy. Said Merrill: "America's industrial machine is owned...
Prophet & Savior. Charlie Merrill did not start out to bring Main Street to Wall Street. The son of a Florida country doctor, he spent two years at Amherst College, quit to work for Eastman, Dillon & Co. Later he set up his own firm, then teamed up with Edmund C. Lynch. As an underwriter and investment banker, Merrill Lynch helped set up such big chain-store operations as S.S. Kresge, Grand Union and Safeway Stores. As brokers, Merrill Lynch & Co. also built up a sizable business during the roaring...