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Aviation History
1931
1931 - 0404.PDF
FLIGHT, APRIL 24, 1931 AIRCRAFT COMPANIES' STOCKS AND SHARESD ESPITE the reactionary tendency of the stock andshare markets under the influence of Budget uncer- tainties, the shares of aircraft and associated com-panies have maintained a satisfactory tone during the past month. The recovery in De Havilland ordinary hascontinued, aided by favourable references to the company's machines. There has been a rise during the month from19s. 7£d. to 21s. 10|d. Fairey Aviation ordinary were a shade lower. Handley Page participating preference wereagain active, but are little changed on balance. Some market men are budgeting for a dividend of 100 per cent.on the privately-held ordinary in which case the dividend on the participating preference would be raised from 12^per cent, to 13$ per cent. Petters' ordinary have risen a few pence, and the preference also improved. The com-pany's year closed on March 31, and the report is due in July. For the previous year the dividend was raised from6 to 7 per cent. Imperial Airways' ordinary moved up 6d., the accelerated London-Paris service and other de-velopments being regarded favourably. An interesting feature was the marking of better prices for National Fly-ing Services' ordinary. The view seems to be gaining ground that the additional capital provided by the deben-ture issue has materially improved the company's position, although ordinary dividends may yet be a long way ahead.Rolls-Royce ordinary are lower on balance ; the set-back in profits for the past year is, however, relatively unimpor-tant, for earnings still show a margin of nearly 5i per cent, over the conservative distribution of 10 per cent.The accounts drew attention to the strong balance-sheet ; at the meeting it was stated that further foreign ordersfor aero engines are anticipated. Vickers' ordinary held their rise, aided by the full accounts and meeting, but latercame under the market tendency to lower prices. They Name. Anglo-American OilArmstrong Siddeley Develop. .. Birmingham Aluminium Castg.Booth (James), 1815 .. Do. do.British Aluminium Do. doBritish Celanese British OxygenDo. do. British Piston RingBritish Thomson-Houston Brown BrothersDo. do. Dick (W. B.)De Havffland Aircraft Dunlop RubberDo. do. En-Tout-Cas (Syston) Do. do.Fairey Aviation Do. do.Firth (T ) & John Bro.wi Do. do.Ford Motor (England) Fox (Samuel) Goodyear Tyre & RubberHandley Page Hoffmann ManufacturingDo. do. Imperial AirwaysKayser, Ellison Do. do.Lucas (Toseph) Napier D.), & SonDo. do. Do. do.National Flying Services PettersDo. Roe (A. V.) (Cont. by Arm-strong Siddeley Devel., q.v.) Rolls-RoyceSmith (S.) & Sons (M.A.) Do. do. Do. do.Serck Radiators " Shell " Transport & Trading Do. do.Triplex Safety Glass .. VickersDo. Vickers Aviation (Cont. byVickers, q.v.) Westland Aircraft (Branch ofPetters, q.v.) .. Whitehall Electric Investmts. A Issued in January. Nominal Last CurrentAmount Annual Week's Class. of Share. Dividend. Quotation. Deb. Stk.Cum. Pref. Ord.Ord. Cum. Pref.Ord. Cum. Pref.Ord. Ord.Cum. Pref. Ord. £1. Cum. Pref. £1 Ord. £1Cum. Pref. £1 Cum. Pref. £10Ord. £1 Ord. 6/8"C" Cum. Pref. 16/- . Def. Ord. 1/-, Ptg. Pfd. Ord. 5/- Ord. 107-, 1st. Mt. Deb. Stk. Cum. Pref. £1Cum. Pref. £1 Ord. £1. Mt. Ptual. Stk. Deb.Deb. Stk. . Ptg. Pref. 8/-Ord. £1 . Cum. Pref. £1Ord. £1 Ord. £5. Cum. Pref. £5 Ord. £1 Ord. 5/-. Cum. Pref. £1 Pref. £1Ord. 21- Ord. £1. Cum. Pref. £1 Ord. £1Ord. £1 . Def. Ord. 1/-Ptg. Pfd. Ord. £1 . Cum. Pref. £1Ord. £1 Ord. £1. Cum. Pref. £10 Ord. £1 'Ord. 6/8 . Cum. Pref. £1 99116/3 20/-42/- xd 22/630/- xd 20/- xd7/- 17/-21/9 29/-23/10J 24/923/- 5 ;V 21/104 12/1 £ 20/10J 1/41"4/5 12/6106| 11/-12/- 58/7J72J 100 11/3 W915/3 17/-60/- 77/666/- xd B/IJxd22/6 22/H-,/8* 21/9" IR/1J 34/6 1/9 17/6 17/9 35/- 58/9 10 xd 27/- 7/3 xd 18/4$ xd are now quoted x.d. at 7s. 3d. " middle." D. Napier &Son's ordinary were fairly well maintained, having regard to the chairman's cautious remarks at the meeting ; theyare "ex " the final dividend which was paid on the 17th inst. & W. M 85 IMPORTS AND EXPORTS AEROPLANES, airships, balloons and parts thereof (not shownseparately before 1910). For 1910 and 1911 figures see FLIGHT for January 25, 1912. For 1912 and 1913, see FLIGHT for January 17, 1914.For 1914, see FLIGHT for January 15, 1915, and so on yearly, the figures for 1930 being given in FLIGHT, January 16, 1931. Jan.Feb. Mar. Imports. 1930. £..2,987 ..2,460.. 744 1931. £7,965 3,3035,615 Exports. 1930. £147,935 226,049156,098 1931. £142,596 110,58783,088 Re-exports. 1930. £ 1,000802 1931. £1,074 1,2933,441 6,191 16,883 530,082 336,271 1,802 5,808 PUBLICATIONS RECEIVED Preparing for Aviation : An Introductory Course. ByLieut. V. C. Finch, U.S.N. (ret.). New York : Simmons- Boardman Publishing Co. ; London : Simpkin, Marshall,Ltd. Price 20s. net. Workshop Notes on the Condor Engines, Series III A,11IB, and IIIBHS. Air Publication 1343 (Part II). H.M. Stationery Office, Kingsway, London, W.C.2. Price3s. net. U.S. National Advisory Committee for Aeronautics Reports.No. 356. Strength of Rectangular Flat Plates under Edge Compression. By I. Schuman and G. Back. Price 15 cents.No. 362. An Extended Theory of Thin Airfoils and Its Application to the Biplane Problem. By C. B. Millikan.Price 20 cents. No. 364. The Pressure Distribution over the Wings and Tail Surfaces of a PW-9 Pursuit Airplanein Flight. By R. V. Rhode. Price 60 cents. No. 365. Aerodynamic Characteristics of Circular-Arc Airfoils at HighSpeeds. By L. J. Briggs and H. L. Dryden. Price 10 cents. No. 366. Dynamic and Flight Tests on Rubber-Cord andOleo-Rubber-Disk Landing Gears for an F 6C—4 Airplane. By W. C. Peck. Price 10 cents. No. 367. Pressure Distribu-tion over a Thick, Tapered, and Twisted Monoplane Wing Model. N.A.C.A. 81—J. By C. J. Wenzinger. Price 10cents. No. 371. Present Status of Aircraft Instruments. Price 15 cents. Superintendent of Documents, Washington,D.C., U.S.A. m m m m. AERONAUTICAL PATENT SPECIFICATIONS (Abbreviations : Cyl. = cylinder ; i.e. = internal combustion ; m. — motor*.The numbers in brackets are those under which the Specification will be printed and abridged, etc.l APPLIED FOR IN 1930Published April 23, 1931 4236. H. SUNDSTEDT. Pontoons for hydro-aeroplanes. (345,754.)4711. W. MESSERSCHMITT. Aircraft wings. (345,760.) 12,150. J. R. WILLIAMS. Propelling-devices for marine, land and air vessels. (345,841.) ;12,983. J. CHATWIN. (Focke-Wulf Flugzeugbau Akt.-Ges.) Aircraft wing of high transverse stability, with high maximum lifting power andsmall minimum resistance. (345,855.) 22,115. W. ZUKOVEC. Aeroplanes. (345,910.) 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 KINGDOM s. d. 3 Months 8 3 6 16 6 12 „ 33^0 UNITED STATES 3 Months $2206 „ $4-40 12 „ $8-75 OTHER COUNTRIES*s. d. 3 Months 8 96 17 6 12 „ 35 0 Cum. Pref. 7J * Dividend paid tax free.B Rate per annum for nine months. * 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,Wr.C.2, and crossed " Westminster Bank." Should any difficulty be experienced in procuring " FLIGHT "from local newsvendors intending readers can obtain each issue direct from the Publishing Office, by forwarding remittance asabove. 372
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