Page
HONGKONG STOCK EXCHANGE
Our Own Correspondent
THE CHINA MAIL, THURSDAY, JULY 9, 1959.
Ironing Out Of The New York
THE
London, July 8. HE business outlook is encouraging for both the short and the longer term. The Bank for International Settle- timents, for example, is notably optimistic about the current business re- covery in Europe: "The conditions for a revival are favourable."
Ensin done on the Hong- kong Stock Exchange
morning amounted to approxi- imately $1.041,500, Neon quot
tions and the morning's trans- nctions
Buyer Bilėra Bairr
Aliares
DANKS HR Hank
Fat Asia
INSURANCES
Uning
Lubard
SHIPPING
123 130 142 $44 0945 310
The
Trade Cycle
'by'
SYDNEY S. GAMPELL
the
U.S.
tional Income which accom-jin the recession, have the less panies the decrease in the gross copo to boom in the recovery, national produtt cousca a | Nevertheless, slability is a great decline in reialued profits rather prize. than in dividenda;
Lingering
Cotton Market
New York, July 8. Cotton futures moved
irregularly lower to day, holding to, a nar- row range while deal- ings continued light:
to
At the gun, the list ruled six points lower to a point, higher, point to up It opened off one
New Orleans sx.
Jutures finished unchanged
two points lower.
The
Brst Government's acreage report, indiening total collon planting of 15,000,000 seres, +
was 28 per cent clove the year ago Agure but closely In line with trade predictions.
Comanodily Credit Corp said Dn the 1950 cotton
the system of progressive Laxation causes dispos able income to fall relatively less than income before taxes;
The serious problem is that the way it has been achieved "The U.S. recession is over nark that the stability of per
wages, far from falling, had led to a Ungering expreta. internal and external song spending in
may even rise during ation of creeping Inflation: In all of the European which
and has been
unemployment countries the long-termi price feature of recession 1960625 quality
economica is high; the process the last 1521
two recessions will benefits help to keep up con-trent is almost universally ex- of inventory quidation seems probably recur in future reces-umption, while those whopected to be upward. to have come to an end; interest | sions" boraure it is mainly due receive them cease to
and to tates are at present low into three taclors characteristic the national product." Europe and the Inbour supply of modern economic conditions: Is impte."
the fall in the share of proûls in
DR- the total
REA 24X6
71 10
J
Wit:etuck..
4.20 £1.20
0.15
DOCKS, FT.
16. Whart.
13
2006 108 200 44 107
102 1001
-10
44 760 43%
12.70 12.10
312.
21 20.20
UK Land
342,
Brck
Provident
Taikur
LAND, ETC
UK Hotel.
Humphreys 16.30 18.20
Ready
1.52 n25
RUBBER
Antle
Territ
22.35 พ
3.70
3.583
A. Pawali. 3.10 397
Sangola
TILITIES
Trum
Site Prezy
Yatma
For the longer 100 it makes 300. 111, the still more enemeraging
1000 28.16
02 (4)
BOG 214
1000 m 343
1624
250 to $
160)1 316
SEK).$t 15000 24
200
304) 28 C
24 113
2/12
113
..... 2130
116
手 113
30 112
C. Ligh
1
13
20
300179
Electr
77 B
27 K
11.2791
Macau E X
Thath
Th
INDUSTRIALS
Vessent
STORES, ETC Dahy
Wotro
1. Craw
COTTONS
T: x11
Nanyang
int. Ind
Albed
re
To be sure, this Ironing-out of the trade cycle cuts both ways; wogo and dividend in- comes which havo not slumped
PROFIT-TAKING AND WHIRLWIND FINISH
Stocks staggered along under the weight
session today and then put on another of late tickers.
The rails were upside Jewlers | Georgia Pachle...
300 - 2790 2011 dag, extending their gains
In the late buying sprưa.
1:37
3321.9
34 4
16.20
CAT 2011
200 14.50
14 M
1.5
General Dynamics
General Electric
Gental Fueda...
Brokers attributed the rallies | General Biokurs yesterday and today to eun-Gen. Pub. Util
Gen. Tyre & Rubber
| Glidden Co,
302719 Edener generated by the mar Geste bil ket's ability to absorb a lot of without giving 1001 P-take 16 30
much around over-all. Brokers have been pleased with the markel's strong undertone.
Generpi Electric helped to lead the late upswing with gain running past two points. Steels came back sharply from their lows Standard Oil (New Jersey) ran ahead a point on Inte support, fting the whole
..
101, 1070 380 - 1080 2 to,
INVESTMENTS
ik & r
Invent
1 $5.49
70
Concessions
To Denmark
London, July 8.
oil group.
Railroad Star
Take Power Imperial Chi Ingersoll-Rand
atau Steel Co. Interchemical Corp.
new Machines
Int'l Harvester ..... International Nickel Internaliossal Paper 1:1. Tel A Tel Jo-Alanville Co. Kaler Indi
New York, July 8.
of profit-taking most of the whirlwind finish to the rhythm
Penn, Salt Co.
Philip More [1
I'lney Bowes
Patsburgh Plate Ģinas
Publicker Industries
Judiu Corporation
Steward Oil of Cal.
on
This
rexis expectation nemorles, not on loggie; if the depression Instead of the afla- tion had beca the latest occur rence, people might well be arguing that there is n cerious danger of prices falling unpro- tably, bceause of enlarged capacity, 'technological advance, the overhanging threat of the U.S. stockplies, and the slump in freights.
An expectation of continuous creeping Inflation cannot be re- conciled with the present social
and economie order: it would distort everything and, somehow or other, it must be ousted. Primarily, it is a social problem.
Exaggerated
Its economic effect may well 102 have been exaggerated in the some U.S. 4nenrcity values on
mar- and Continental equity kets.
Even in Britain, where values more reasonable. are much
loans crop through July 3 amounted to 6,831,920 bales ogainst 3,058,475 on so bout the same date Inst year. Withdrawals totalled 17,881 bales bringing the total to 721,015 bales.
A delegation of six members of the National Collon Council met with Secretary Benson 10- day to present their case for restricting textiles goods. Re- portedly, Benson promised an answer to the problem,
RANSPORTATION
Gyroscopic Compass
LOCKHEED ELECTRA
Popularity Of Electra Growing
Liverpool futures closed ve Has Two Uses
English points lower
10 Ave
higher putting prices-078-to- NEW gyroscopic" "com/|
849 American points under New York futures--UP!,
London Prices
London, July 8. Closing prices on the London
market were:
there are few shrieking bar-stock
going left in equities elther on the Stock Exchango or in take- overs, and the original takeover moestros now sheer off paying fancy prices.
When any financial develop- bments get to the stage of the front pages, it is time to beware uf exaggerating them, and that
takeovers 27 applies to
now. It there is to be a Harrods merger, Git looks like being a far better bargain for the Harrods share- for those of tho holders than 134 acquiring company if any.
Takeovers
543
B4
部门
1
422A
仕
Badiu Corp. Pret,
7121
40%
Has thou
BOY
Goirien 18. F. C. Gunman Adrevafy Goodyear Tyre... Gult O Hammond Orgut Heyden Newport Comp.
Repubile Bleel
18192
Reynolds Metal
110
Hayal Bank of Canada
87
111
Scuts, toebuck & Co.
40
Gi
Sheft. Oil Co.
alt Saloway Stores..
Saint fte. Paper
51
J
Insan Heig
23
10
Seat Paper
Schenley Inc.
Slikdair
G024
#233
Bilth, Cle de Kierch
100
Sony Mobil Oll
30
Solar Aircraft _........
South Puerto Rico Sugar
154
Southern Co. (The
68%
Southern National Ga
101
Southern Railway (C.)
Standard Hrande
3
5314
5
Standard Oil of Ind.
20
51
Kawas C. Power & Light
40%
Sleep Rock
Kenncevlt Copper
101
Sterling Drug Co.
Kimberly Clark
6015
Liggett Meyers Tob. to. Lily Tulip
训
Sterre & Webster
Stokely-Van (Camp.
174
SJEP
Je?
sidebaker Packard Corp.
1570
Sunshine Mawing
314
Swift & Co.
303
Textron Inc.
Thiokal Chem.
Tide Water Assi. Ol
24TH
Tune Inc. ....................
Tri-Cont. Warrants
20'
Twentieth Century x Pin
Union Carbide...
147
Union Dil of Cal.
40
Union Paclile Rathway
35
401
United Aleerati"
32
1174
United Frull
30%
National culi Cu
Unlied Gas Corp
37
National Cash Reg. “A”
ԱՆ
U.S. Fall"
oil.
to
National Dairy Prod.
512
U.S. Gspaum
10"
Halleral Lead
2017.
US. Line Co.
32%
Natural Steel Corp.
2015
U.S. Rubber
GO
New York Central Noranda Mines ltd.
11
US. Smeing
3214
20% 1.5. Steel
103
soft
Norfolk & Westem Üy. North Amer. Aviation
1023
US. Stee.
PC, FA
153
431
Warner Bros. ....
44
Northwest Airlines (Coal!
Waukesha Motors
44
more
Olla Mathieson Otis Elevators.
Wengisaure Air Brake
3442
BI
Westinichicure lectric
9745
and hardly any outside.
Owen-11linois Cla
Western Unit Tel. Cu.
Pacific Gas & Elec.
GOV
West Va Pulp & Paper
47
Pan American Airways
265
Winn-Dixie Stores
42
Forme Davis to
ramount Pictures
53
104
Ztalih Radlica
120
111
-UPI.
Kansas City Southern was the tuiread star, rising more than four L its best level,
Chesapeake & Ohio and Illinois | Central also
upside Were features in this group. Western Maryland was lower on profit- taking.
General Molors, one of The British Government has
yesterday's upside leaders, lost made important concor-
more than a point but other sions to Denmark to perimeter
shares improved frac- suade that country to join tonally,
Du Pont was strong
in the the seven power "minia-
which helped ture" Free Trade Area chemicals,
cushion the Industrial average. Britain, comprising
countrics, Chemical stocks were easter as
group.
Instruments Texno Austria and
was of harply in it electronics Krʊup. Lending steels lust
tho
Scandinavian Switzerland, Portugal. Conversations on this point are to resume in Stockholin on July 20. The Dankh objections have up to now formed biggest stumbling block to this rival of the common market.
the
A communique published this evening at the conclusion of the Anglo-Danish peroliations wirich have been going on for three ministerial in Lamion at day level, indicate that Bitain is willing
to rece Its customIS Cuties
certain Danish: agricultural products, and, what
is more, to undertake no polley
internal subsidies
of
might cancel auf
these concessions.
which
the effect of
It is notably recommended that British faries on imported Dunish bacon and linned pork by 50 per should be reduced
15
cent as from July 1, 1980 and then completely abolished from July 1, 1901-AFP.
Chicago Grain
Chicago, July 0. alt in
Closing prices
per bushel
Wheat No. 2, red
Spot
July High
cents
1027
18011
·18747-
1019-1
1984-20
Sept.
Dec.
March
May
10531
Con No. 2.
No. 2, yellow
Spol
1244
July
T
Sept.
ឃée.
March:
12-10
MAY
F10
R30
July
Bapt.
Onta
July
Spul
Sept.
Nov.
Jon
last
fractions to
at two points.
Today's volume was 4,010,000 shares.
volume!
Of a total 1,241 shares traded, 532 were higher and 482 lower.
American Exchange was 1,120,000 shares.
Honds volume mounted to $6.130,000
Dow Jones closing were:
30 industriols
30 raite
15 miles
03 stock
40 bunch
averages
C43.81
173.56
30.04
272 40
01.01
150.20
Com, future price index..
Closing Prices
Abitibi we, & faper
Altus ine. Ae'y
Abled Mills Inc.
Allied Chemicals Alta Chakr Ani, Brake Shoe American Airline American, Catile
Corp. American
Amer. & Fun Cu.
+ 344
34%
423
13
Stadio
10%
U2
14%
Bay
18414
Win
45%
DIY
Tel
DOY
Power
Ani. Gas & Electric Aut. Home Pro
Am. Mach. Fury American Metal An. Natural Gas American Smelting Am. Sugar Ref. American Tri
American Tob. "B"
Anaconda Copper Armee Steel
Armour de “Ating Comm--Mfrsárast Balwin-Lina-Lam. Baltimore & Ohku Bank of Montreal. Beneficial Finance Bendix Aviation Corp. Benniel Cons. Bethlehem Steel
Boeing Airplan
Harden (The)
Co. ...
Burroughs Add Machine
British Aleer. On
Calif. Packing Corp. Cana. Bk. of Camn.
Soybeans, No. 2, yellow
12312-124
1245-2
Celance Corp.
CIT. Financial Corp.
224 hom Chase Manhat. Bankt
212-211
Chrysler Motora
Clurit Peabody,
40
Litton Init. ..... Lockheed Aircraft
Loews_Incorp, ... Laitve Star Cement Co Lowenstein & Sons, McDermott J, Ray McDonnell Aircraft Mesabi Iron Corp. Manesota Mining Manion Development Monsanto Chemical Montgomery Ward Motorols Inc.
PORN J. C. Co.
יטר
Yesterday's Closing
Woolworth (K. W)
of the
The money value of the deal 3112 depends on
the value acquiring
shares company's after the dilution: those of one 35% of the three sultors can stand up
to it better than the two others.
In ny case. the deal will be about an eighth the size of the Texaco merger with Superior
indeed that U.S. deal is larger than the British Aluminium, Harrods and all Britain's other much
of publicised takeovers
this year put together, and It little stir in the U.S. creates
As bull markets get older it becomes
more important
for
people to keep a sense of pro- portion-China Mail Spretni.
COMMODITY PRICES
SUGAR
NEW YORK
Closing prices all in cents
per 1b.:
Contract No. 4 (world)
Sept: 2.70-71; Oct: 2.74: Jan: 2.95: March: 2.58; May 201; July 203: Sept: 2.10 Oct: 2.99: Spot-11.0.b. Cuba): 2,72; Total SMS coil. tracts, Open interest: Contraci. No. 0 (domesile)
Бер:
contract.
Nov: 5.84; March: 5.579 Spot-(c.l.f. N.Y. ex-duty 6.85: Total Sales: 12 contracts; Open interest: 3,220 controcis-UPI.·
COTTON
NEW YORK
Closing prices all in
Mixed Contract
July/Aux
Oct/Nov. ___Dre/Jast
March/April
May/duni
July/Aug
SAO PAULO
All unquoted.
21.40
Average price in US. at 14 designated spot markets: 34.00 cents. Total sales: 2,589 bales. --UPI.
RUBBLR
NEW YORK
Rex rubber futures closing prices, all in cents per lb.:
July: Sept: 34.30: Nov: 34.10 Jan: 33.00; Maret: 30.75; May: 33.85; Jiy: 33.53
SINGAPORE
Closing prices all in Straits cents cents per lb. fo.b.
35.45
34.50
32.22
32.33 39.60 30.45
ports:
No. 1 July
(No. 1 Aug.
No. 2 July
No. 3 July
tio, 4 July
Spot rubber unbaled
Blanket crope
No 1 pals crepe- 30.43
oli in cents
उभ
0312 PUT
VIEN
Spot
Cann. BrewDIT
July
Oct
Campbell Soup C
Dec.
Canadian Pacie R.
309%
Match
Case J.L.) Co.
243 May
CM, Tractor
130
July
4036
Oct.
5241
Dec
NEW ORLEANS.
20014-
47%2
Closing prices
213
10
Colgate-Palmolive Co. Ubian Carbon Co.
2014 per 1b.:
底
Spci
V
Commercial Credit
Jily
120-135
Consolidated Eviron Continental Oil of Del.
Q
Oct
0512
Dec.
13.30
Crane Ca. Crown Zellerbach ..
****
March
MEDY
Cuban Amer, Sugar
20
July
Diamond Alhat
Del.
Dec
74
"LIVERPOOL
2:00
per lb:
Merch
Baficy,
Spot
New York flour
200, fark
Exchange Rates
mahless was done in the local unofficial exchange market this
inoming at the following raten; V.8, dóltara (per $1}
Diamond Gard Dominion Stores Dougie Aircrnet Dow Chemicals
Dupont de Nemour
Eastern A
5.75
Parlimen
Sterling notes (per £3} Australian hotes (per £1.2
16.37
Paso National Con
12.05
Yamily Finance Corp.
indonesian rupiak (per 100)”
430
Firestone Tyre & Hubber
Bilem fionde (per 100) Bingapore (limita)
20.00
in Nat. City
1.81
Ford Motor
METALS
Sept
Britisit
07-13/16.
Billedred Bonds
Transport 3, 1978/8. Consols £32-7/10. Console -£74-3-10
1
oither
THIRTY teot in the air
Just 3,000 feet down- the runway is this Braniff pass which can be used International Airways as a North-sooking Electra which went into prop- gyroscopic directional guido jet sorvice June 15. or as a general directional
Sixth carrier to introduce the gyroscopic guido, is now to be made available in Britain, Lockheed airliner in scheduled Its operations, Braniff opened The system is said to be un- affected by rolling.
turbine ora with Ave new round trips daily out. of Dallus. From or other factors which can affect Braniff's headquarters at "Big the performance of gyroscopic D," the luxury-styled, 12- compasses in small vessels, or
passenger
began transports land vehicles, under badlights to New York, Chicago, operating conditions, 1 la also
San Antonio and Houston, skle, the complete unit measuring 10 Inches square and weighing about 30
Conversion Lati 314th 1969 of small
£071
Funding
3 Loan 84 Funding Sick 32. 1995/2004— £12-15/16.
1000/30- Funding
នរ
Late
Saving 31, 1955/56 Cft-7/16, Bovyloo· ล
Savings 37. 100/10 71.116.
Banks Barclay's Bank "A" Ltd ord-370. Chartered Bank-Bus ilongkong-EMY.
Union £1-23/32
Insurance
Insurance
Aretat and Motors
Motor British
Corp. 11581.
Ford Motor Co-089 1d.
23%
Breweries
Distillers Co-458.
Buliding phd Material
Canton-1
Ord-lls
+
lbs
AL
vibration,
Mure cities on Braniff's do- mestle network will get Electra service 1.8 additional plones Lockheed factories arrive from
in Burbank, California.
the same thino it is held to be capable of controlling alt ypes of repeaters and automa- Ile helmsmen. Manufactured by Sky-watchers in Ílongkong S. G. Brown Ltd, Shakespeare will see a second Electra this Street, Watford, Middlesex, Eng-weekend when Cathay Pacific land.
Airways pilots will fly her the Colony from Burbank to augment its present fleet pre- paratory to the introduction of weekly services to Sydney via
Japanese Move To
Get More Ship Orders
THE
Manila and Darwin.
to
10
CPA'passengers will be pro- THE Japaneso Ministry of vided with the fastest service on Transport has called the route total flying time of upon the Japanese Govern-only 14 hours and, 5 minutes.
ing, fight from Hongkong Associated Portland Cement-ca.ment to help local shipyards The Electra will make a prov- Pinchin. Johnson Anunciates Ord-compete effectively with Sydney on July 10 and the in-
European builders in getting augural Bight will be on July. export orders by providing 23. liberal payment tarmi.
Western Air Lines plans to fly The Ministry also called for Electra from Los Angeles to San the granting of more loans to Franeinco-gate to gate--In just 30 61 minutes. Western schedules under-developed
Coal, teel and Engineering Babcock 4. Wilcox 1,10- 1. Vickers Ltd-- 1.
Food and Tobacco British American Tub. Co., Ltd- 53 3d
Imperial Tabacco
3d.
Miscellaneou
Co., Ltd-569
Countries
British Oxygen Lld. Ord-01 34. that orders night be attracted are being revised to reflect 30 Canadian Pacifle
Dunlop Rubber C-454.
다.
Hongkong & China Gas-,
Imperial Chemical 15 750. Lyims CD-724 130. Unilever Ltd- 10150.
Paper
Bewater Paper Carp Ord-32s
Radio and Electrical Associated Electrical-Bus Ed. Electrical & Musical-54 34. Envid Electrle Co-43 3. General Electro-31 5.
from these natis.
per cent time savings over pre- New orders roceived by sent equipment. Second WAL. [Japanese shipbuilders from Electra was delivered last week
loth oversens and domestic and three more will be added
declined from 2.9 mil by October.
owners
1. lion tons (gross) in the 1956-57 Wil
Shipping Indo-Chine Stein Nav, Co, det ord-20% od
P&O Steam Navigation der ord -371⁄2 191⁄20.
Stores
operate
Western Electras
on a two-hour financial year (April to March) scheduie linking San Francisco to 1.8 million tons in the 1957-58 and Seattle.
inancial year, and 1,1 million
tons in the 1958-59 financin year.
Noise Absorbing
Great Universal Stores "A" Establishes New Record Interior Paint
Marks&Spencer Lid-034.
Woolworth Rexilies
& Co-32 3d.
Conte J&P Lub~278 4kd.
Courtaulda Ltd."
Bagio-
Minei
.101jel.
ON
her maiden
*
voyage the TUST being introduced, a
Japanese cargo laer Oregoa
Maru, owned by Kawasuki
new interior paint is
Corp of South Steamship Company of Tokyo, said to reduce sound lovely
Con Goldfelds of Stuth. Africa-established a new record for the in a ship's cabin by as much
Cond. Zine Corp. Ord-G45 Dd.
De Beers del-105s.
Yokohama-5on Francisco run.
day:
any
the
The ship completed the dis- as 10.5 decibels. Free State Development & Invest-tance of 4,525 miles in
An alkyd-latex base coating, megl-11 24.
14 hours 9 minutes at an aver- It contains specially prepared age of 19.661 knols. This beats granules wilch dampen by 1 hour 1 minute the pre- bounce-back of sound waves. Southern Kinta Cons Ltd-22 vinus record set up in August 302
last year by the Nevada Maru,
type of Applicable to
it la odourless, dries Goldmiring of the same ownership.
surface, The Oregon Maru, of 13,330 in three houta,
avail- deadweight tons, was bull! by able in white and ten colours, British Borneo Petroleum Syndi-Kawasaki Dockyard Company, and will cost about $8.70 · a cate$78 Dd.
The Petroleum Co., Ltd-oes Kobe.
than the propelling gallon, slightly more machinery consists of `n Kawa price of conventional paint. The soki-M.AN, turbocharged diesel paint is produced by Acoustic
Corp.,
500 Fifth Engine' developing 11,500 b.h.p. Chemical at 110 r.p.m.
Avenue, New York.
Closing
NEW YORK
prices, all
in cents
Hongkong Ti45 790.
Petaling -
per lb:
I
Rand-Vis id,
Load
July
11.006
Sept.
11.Ash
Zinc
Copper
July
10.88b
Union Corp040 74. Wast Driefontein
Sept.
11.000
130 31.
July
27.085
West Rand Cons-24 84. `
20.17-19
July
101.6714b
Bepi.
101.700
LONDON
ed.
Burma-004.
Hoyal Dutch Petroleum-£14%%, Shell Transport & Trading--13 kl.Heuter.
3-month
Buyers
701
Sellers 701
302
Cupper spot
3:44
3-buti
at nt alt July,
Closing prices, all in sterling per long-ton.
Tiu spot
Malayan zine 1st half July
97-273
-DT
101-1253
V715-07 $4.00 30125-103;1
LONDON Closing prices all in pence per ib.: No. 1 i... 33.30
Bettlement house term
2016-2024
2014
7012
-UPI,
FOREIGN
EXCHANGE
34.73
NEW YORK
54.73
Oml/thee.
2011-2016
JanMarch
Closing rates)
AprivJune
Canda
July/Aug.
20-25
igland
Oct/Doc.
Meist
30.44
30.41
July
Auic.
mwin
BOAC Gets First Boeing 707
Closinog prices
all in poneT
American Contract
July/Aug
GO/NOV. Dec/Jan March/Apri May/June
2245
General markets, c.l.f. basis, portas
28-01 207-201
| Extriə crepe thin. July 301
thick, July 30% AMSTERDAM
Closing prices all in guilders
pár kilogram, cif July.
o. 1 rubber
| NO,, à Funder
No rebber.
crope
All other unchanged.
LONDON
+
Closing rates:
New York
Montreal
Amsterdam Brendel Copast agen Milan
2.To buyers PAYLA
3.1
buy or
273 buyer
-UPL
29.5 by Zurich
1,048 2,11-7/31
201 2/16-AI 5/18 10.00j4-10day:
• 13,80 15×13.0 174333-174095
BOAC's first Rolls-Royço |
engined Booing-707 jet- liner, which has just made its maiden flight, is seen flying for the first time.
pats jet engines, is undergoing flight texts in the U.S.
now |Tho' Conway engines, cach developing a thrust of 16,000 lb, give the Booing.707 a spood of 550 m.p.h. dad á range of over 6,500 miles. It can darry up to 170 pasion- gers:
Later this year, it will be de- which Hydred to BOAC, next year will inaugurate services * Irons, Atlantic
with a fleet of 15 Bäbisid.
The 707, the first of the type to fly · With four Rolls-Royce Conway [bg-) \707%.