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Aviation History
1931
1931 - 0210.PDF
FLIGHT. FEBRUARY '11, 1931 AIRCRAFT COMPANIES' STOCKS AND . SHARES . SHARE markets have suffered from fears regarding possiblenew taxation in the coming Budget. Aircraft companies arenot likelyito be affected directly, but market prices of their shares have weakened in common with other industrial issues,probably only temporarily. Rolls-Royce and D. Napier have each been under the influence of uncertainty regarding resultsfor the past year which, in both instances, are due to be announced shortly. The market is quite in the dark aboutNapier's probable dividend, as the rate will be on the enlarged capital. There may be sharp improvement in the event of thefinal dividend placing the shares on a 12J or even 15 per cent. basis. Fairey Aviation debentures have marked at as high as107, and the recession in the price of the ordinary has brought in buyers. Brokers are drawing the attention of their clientsto the high earning capacity of the company in relation to the issued capital and the scope for capital appreciation in theshares. Handley Page preference have advanced on expec- tations of good accounts being issued with a repetition of thelast annual dividend. National Flying Services ordinary have changed hands more frequently ; permission has nowbeen given for dealings to take place in the recently issued prior lien debenture stock, but no "markings" of business haveyet been officially recorded. Fetters shares were in quiet request at higher prices. Ford Motor fluctuated sharply onconflicting estimates of the dividend. In other directions Brown Brothers' shares advanced, and James Booth (1915)and En-Tout-Cas (Syston) were harder on balance on favour- able estimates of the 1930 results, due to be announced shortly. Nominal Last Current Amount Annual Week's of Share. Dividend. Quotation.Name. Class. Anglo-American Oil .. .. Deb. Stk. 5 100J Armstrong Siddele\ Develop... Cum. Pref. '1 6$ 16/3 Birmingham Aluminium Castg. Ord. £'1 7J 20/3 Booth (James), 1915 .. . Ord. £1 15T 44/- Do. do. .. .. Cum. Pref. £1 7 21,9 British Aluminium .. .. Ord. £1 10 29/3 Do. do Cum. Pref. £1 6 20/3 British Celanese .. .. Ord. 10/- Nil 7/3 British Oxygen .. .. Ord. £1 10 20/- Do. do. .. .. Cum. Pref. £1 A 21/7$ British Piston Ring .. .. Ord. £1 22S 28/9" British Thomson-Houston .. Cum. Pref. £1 7 24,'fi Brown Brothers .. . Ord. £1 10 21/6 Do. do. .. . . Cum. Pref. £1 71 23/- Dick (W. B.) .. .. Cum. Pref. £10 5 5r| De Havilland Aircraft . . Ord. £1 5 15/9 Dunlop Rubber .. .. Ord. 6/8 15 12/11 Do. do "C" Cnm. Pref. 16;- 10 21/- En-Tout-Cas (Syston) . . Def. Ord. 1/- 45 2 41 Do. do .. .. Ptd. Pfel. Ord. 5/- 12J 4/101 Fairey Aviation . .. Ord. 10/- 7* 12/7.J Do. do. .. . .1st. Mt. Deb. Stk. 8 107 Firth (Thomas) ft Sons .. Cum. Pref. £1 6 II'6 Do. do. .. Cum. Pref. (\ y 12/3 Ford Motor (England) .. Ord. £1 Id 71/10". Fox (Samuel) Mt. Ptual. Stk. 5 72', Deb. Goodyear T\ re & Rubber .. Deb. Stk. 6.1 39 Handley Pap- Ptg. Pref. 8/- 12.1 10/3 Hoffminn Manufacturing ., Ord. £1 10* 22/41 Do. do Cum. Pref. £1 7i 17/3* Imperial Airways . .. Ord. £1 7.V 17/3 Kayser, Ellison .. .. Ord. £5 6" 60/- Do. do. . . . . Cum. Pref. £5 6 77/6 Lucas (loseph) .. . Ori. £1 25 66/- Napier (D.), IX Son .. . Ord. 5/- 60B 6/9 Do. do. .. .. Cum. Pref. £1 7! 22/9 Do. do. .. .. Pref. £1 8 20/- National Flying Services . Ord. 2/- Nil '6 Petters ..' Ord. i'l 7 21/10.'. Do. Ord. £1 75 19- Roe (A. V.) (Cont. by Arm- strong Sidcleley Devel., i/.v.) Ord. £1 — — Rolls-Royce Ord. £1 10 34 6 Smith (S.) & Sons (M.A.) .. Def. Ord. i/- 18J I'10$ Do. do. ..Ptg. Pfd. Ord. £1 12i 22-" Do. do. .. Cum. Pref. £1 71 17/3 Serck Radiators .. .. Ord. £1 1/1 37/6 " Shell " Transport & Trading Ord. £1 25* 71/10i Do. do. ., turn. Pref. £10 S iOJ Triplex Safety Glass .. -. Ord. £1 S 33/P Vickers Ord. 6/8 8 6/6 Do. Cum. Pref. £1 5* 17/9 Vickers Aviation (Cont. by Vickers, g.v.) .. .. — — — — Westiand Aircraft (Branch of Petters, q.v.) — — — — Whitehall Electric lnvestmts. Cum. Pref. £1 7i 25'4J A Issued in January. B Plus 300 per cent, share bomu. Cum. Pref 1 B Plu . Dividend paid lax free. m m m m 41 Tormanc " THE well-known firm of steel workers, Samuel Fox & Co.,Ltd., of Stocksbridge, Sheffield, have produced a steel, suitable for automobile and general engineering purposes,similar to nickel steel, but more easily machined. " Tormanc" as it is called, is one of the Fox " Stocksbridge " alloy steels, which has been specially developed to fill the gap b.ordinary carbon steels "and the nickel steels. It -. in uJJ found to be suitable for all purposes where something betterthan an ordinary carbon steel is required, i.e., where a lensi^ test of 40/55 tons is wanted, with good ductility. " Tormanc "also forges well, and is particularly suitable for the inanu facture of high-tensile nuts and bolts. Densleys, of Birmingham MR. H. CLAYTON WRIGHT—who recently resigned fromDesmo, Ltd.—informs us that his present company, Denslev of Birmingham, as well as producing certain lines in conner!tion with motor components similar to his late company have secured the sole automobile selling rights of LaycoiikEngineering Co. productions, while they have also secured sole selling rights for the motor and aero sections of CranePacking, Slough. PUBLICATIONS RECEIVED Aeronautical Research Committee Reports and MemorandaNo. 1305 (E. 41). A Harmonic Analysis of the Torque Curves of a Single Cylinder Electric Ignition Engine whenThrottled to Various Mean Indicated Pressures. By N. s Muir and A. Terry. March, 1930. Price Is. net. No. 1334(Ae. 467). Wind Tunnel Experiments with Circular Discs By L. F. G. Simmons and N. S. Dewey. Feb., 1930. Price9d. net. H.M. Stationery Office, London, W.C.2. Heidelberger Studien. Vol. 1, No. 1. Zur Rationalisieruni>der innerdeutschen. By Dr. E. Osswald. Weiss'schen Universitatsbuchhandlung, Heidelberg. M M M M NEW COMPANY REGISTERED AIR SERVICE TRAINING, LTD.—Capital £25,000, in £1 shares. Objects: to establish and carry on an aviation school at Hamble, Hants, and else- where ; to teach the science or art of aerial navigation, and all matters relating to the construction, equipment and management of aeroplanes, seaplanes, flying boats, airships, balloons and other aircraft, and the carryini; of passengers and goods therein ; to train pilots and airmen, etc. First directors : Air-Marshal Sir John F. A. Higgins, K.C.B., etc., T. D. Siddeley C.B.E., S.W. Hiscocks, F. P. Scott, and Group-Capt. K. J. F. Barton, each of whom shall be deemed to have been appointed as representative director by and on behalf of Armstrong Siddeley Development Co., Ltd., as holding or controlling the share capital of the company. Solicitors: Johnson, Weatherall, Sturt and Hardy, 7, King's Bench Walk, E.C.4. AERONAUTICAL PATENT SPECIFICATIONS (Abbreviations : Cyl. = cylinder ; i.e. = internal combustion ; m. = motors. The numbers in brackets are those under which the Specification will be printed and abridged, etc.) APPLIED FOR IN 1929 Publishsd February 26, 1931. 25,436. S. SPONZA. Propulsion of aircraft and submarines. (342,260,) 29,734. F. B. DE;IN (Askania-Werkc Akt. Ges. voriu Centralwerkstatt Dessau und C. Bamberg-Freidenuo). Means for effecting auto- matic steering of air and watercraft. (342,323.) 31,302. H. TUNKERS. Controlling devices for i.e. engines. (342,262.) 32,574. B. N\ WALI.IS. Wings for aircraft. (342,268.) 32,606. C. H. BICHI-ER. Silencing device for exhaust of engines. (342,257.] 32,748. G. MARTELLO. Aircraft of the ornithopter type. (342,339.) 32,963. H. R. RICARDO. I.e. engines. (342.304.) 33.61 S. SIR F. H. ROYCE and ROLLS-ROYCE, LTD. Electrical turning-gear for starting i.e. engines. (342,367.) APPLIED FOR IN 1930 Published February 26, 1931. 9,400. SI. J. B. BARBAP.OU. Driving arrangements for aircraft propellers. (342,590.) 9,419. HELICE METALLIOUE BREVETS PAULHAN-PILLARD. Metallic air- screws. (342,591.) 16,495. C. COHEN-VENEZIAN. Dismounting carriage for transporting loads and for manoeuvring aeroplanes by hand. FLIGHT, The Aircraft Engineer and Airships. 36, GREAT QUEEN STREET, KINGSWAY, W.C.2. Telephone (2 lines) : Holborn, 3211.Holborn, 1884. Telegraphic address : Truditur, Westcent, London. SUBSCRIPTION RATES POST FREE UNITED KINGDOM5. d. 3 Months 8 36 16 6 12 „ 33 0 UNITED STATES OTHER COUNTRIES*s. i- 3 Months S 9 6 17 6 35 0 3 Months $2 206 „ $4'40 12 „ $875 12 * Foreign subscriptions must be remitted in British currency. Cheques and Post Office Orders should be made payable to theProprietors of " FLIGHT," 36, Great Queen Street, Kingsway, W.C.2, and crossed " Westminster Bank." „ Should any difficulty be experienced in procuring " FLIGHT from local newsvendors intending readers can obtain each t* direct from the Publishing Office, by forwatding remittanc & above. 194
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