Word: walls
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Dates: during 1950-1959
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...slope, wryly called it Concentration Camp, complete, as one climber noted, "with a handy garbage disposal - a 1,600-ft. drop." Ahead lay two deadly perils: a pair of giant, swelling domes of blue ice that left them as exposed to the fickle Alaskan weather as flies on a wall. Some 1,700 ft. of rope hammered into the ice took them across in safety. Then came Camp Paradise, the first piece of flat slope they had seen in several thousand feet; Camp Fatigue, when at 15,000 ft. the altitude started to hit them; Balcony Camp, up another...
Their dash made them look more like drunks in a conga line. In the thin air, no one could lurch more than 15 steps without rest. The final 400 ft. were up a near-vertical snow wall; somehow they made it, and there was the slender bamboo pole that had been planted on the summit in 1947 by Bradford Washburn, a mountain-climbing geographer. Three men burst into tears. "Do you realize," gasped Buckingham, "do you realize what we've done? Four hackers-we've made a great ascent, maybe the greatest outside of South America...
...Wall Street's bull market last week made its biggest weekly jump of 1959. The Dow-Jones industrial average scooted up 15.51 points to close at 654.76. It was well above the previous alltime high of 643.79 set May 29. and more than 70 points ahead of where the average started on Jan. 1. Brokers expected the climb to continue. Not only was business news generally bright, but the record showed that industrials have advanced smartly in July and August in two years out of every three during the 20th century...
...yield spread between common stocks and bonds was uncommonly wide. Classically, the situation called for a move out of stocks and into bonds. But investors-wagering heavily on the economy's growth, figuring on more inflation and preferring capital gains to dividends-showed no signs of hopping off Wall Street's snorting bull...
...Wall Street, Highway 128, the road of ideas, has become a road of enchanting mystery, glamour-and the source of quick profits. Many a Wall Street analyst periodically tours the highway, on the hunt for hot new companies. Few investors can understand what many of the companies make. But their eager bidding to get in on the ground floor has sent the prices of some stocks soaring a hundredfold-and more-in the last few years...