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Aviation History
1931
1931 - 0830.PDF
FLIGHT, JULY 31, 1931 AIRCRAFT COMPANIES' STOCKSAND SHARES FLUKING the whole of July the stock and share markets*~* remained under the influence of developments in the international financial situation, but in many cases quota-tions are higher on balance for the month. A fair amount of business has passed in the shares of aircraft and asso-ciated companies, and prices have moved in favour of holders. Imperial Airways responded to the generaltendency with a satisfactory recovery from the low price touched in June ; market men are not inclined to forecastthe results for the past year. Fetters ordinary and prefer- ence have come in for more attention. In each case therehas been an improvement in price on balance, despite the recession in profits from £40,917 to £35,334, and the" cut " of 1 per cent, in the dividend to 6 per cent. The market was favourably impressed by the results in view ofthe conditions ruling, and, notwithstanding the cautious tone of the chairman's address regarding the current year'sprospects, the shares maintained their improvement. The company is shortly making important additions to itsrange of engine manufactures, from which increased busi- ness is anticipated when trade improves. Both Kolls-Koyceand Fairey Aviation have been firm in response to the better market conditions ; they may shortly come in formore attention in view of the forthcoming Schneider con- test. A market slip points out that although FaireyAviation's profits were £335,000 for the past two years, only £70,000 has been distributed in dividends. Therehas been an improvement in D. Napier & Son 5s. ordinary to 7s. 6d. Although the interim dividend is not due to beannounced until October, it is already being discussed. It is suggested that if the rate be maintained, a good casecould be made out for a higher price for the shares. For the past year there was a large margin of profits overthe 15 per cent, dividend, 27 per cent, being actually earned on the ordinary capital. De Havilland were well Name. Class. Nominal Last Current Amount Annual Week's of Share. Dividend. Quotation. Anglo-American Oil .. .. Deb. Armstrong Siddeley Develop.. . Cum. Pref. Birmingham Aluminium Castg. Orri. Booth (lames), 1915 .. Do. do British Aluminium Do. do. British Celancst1 British Oxygen Do. do. British Piston King British Thomson-Houston Brown Brothers Do. do. Dick (W. B.) .. De Havilland Aircraft Dunlop Rubber.. Do. do. En-Tout-Cas (Syston) .. Do. do. . . Fairey Aviation Do. do. Firth (T) & John Brown Do. do. .. Tord Motor (England)..Fox (Samuel) .. Stk. Orri. .. Cum. Pref. Ord. . . Cum. Pref. Ord. Ord. .. Cum. Pref. Ord. . . Cum. Pref. Ord. . . Cum. Pref. .. Cum. Pref. Ord. Ord. . ."C'Cura.Prei. .. Def. Ord. .. Ptg. Pfd. Ord. Ord. . .1st. Mt.Deb. .. Cum. Pref. .. Cum. Pref. Ord. .. Mt. Ptual. Del). Deb. . . Ptg. Pref. Ord. . . Cum. Pref. Ord. Ord. .. Cum. Pref. Ord. Ord. . . Cum. Pref. .. Prcf. Ord. Ord. Cum. Pref. Stk. Goodyear Tyre & Rubber Handley Page Hoffmann Manufacturing Do. do. Imperial Airways Kayser, Ellison Do. do. Lucas (loseph) Napier (D.), & Son Do. do. Do. do. Xational Flying Services Pcttcrs Do. Roe (A. V.) (Cont. by Arm- strong Siddeley Devel., q.v.) Ord. Rolls-Royce .'. . . . . Ord. Smith (S.) & Sons (M.A.) .. Def. Ord. Do. do. . . Ptg. Pfd. Ord. Do. do. .. Cum. Pref. Serck Radiators .. .. Ord, " Shell " Transport & Trading Ord. Do. do Cum. Pref. Triplex Safety Glass .. .. Ord. Vickers .. . . .. .. Ord. Do. Cum. Pref. Yickers Aviation (Cont. by Viekers, <?.r.) , . . . — Westland Aircraft (Branch of Fetters, q.v.) — Whitehall Electric Investmts. Cum. Pref. Sin 15 7 10 6 Nil SB 22* 10 5 6 10 Nil 8 7* 8 6D 5*D 10 5 61 12.1 Nil" 71 5 6 6 25 15 7i 8' Nil fi 71 2 12J 7i 17j T 5 8 102 18/6 38/6 22/- 28/9 20/- 5/3 16/3 20/- 28/9 22/9 21/3 22/6 116/3xd 18'- 20/- T 3/9 13/6 107$ 9/- 10/- 48/- 71* 101 10/9 17/9 15/71 14/71 50/-' 73/9 61/3 7/6 25/- 22/6 -/a21/3 20/- 35/- 1/- 12/6 16/9 30/6 48/- 27/- 6/9 17/6 25/9 maintained ; the market was inclined to attach importanceto the possibilities of the Moth aeroplane produced bv the company for military training. Dunlop Rubber are higheron the month. National Flying Services remained at 6d the company's year closed on July 31 and the report isdue to be submitted by October. Handley-Page partici- pating preference hardened early in the month, but did notretain all the improvement. Triplex Glass have risen. Serck Radiators were lower at Birmingham on fears of areduced distribution for the year to July 31. Birmingham Aluminium Castings' year closed on the same date ; ineach case the report is due to be submitted in October or November. PUBLICATIONS RECEIVED Royal Air Force Quarterly. July, 1931. Vol. 2, No. 3Aldershot: Gale & Polden, Ltd. Price 5s. net. Portrait of an Airman. By Philip Arnall. London:John Lane, The Bodley Head, Ltd. Price 7s. 6d. net. Clouds Over Germany. Special Edition of No. 8 of" Passing Through Germany." Edited by Karl Kiesel. Terramare Office, Wilhelmstrasse 23, Berlin, S.W.48. Wings Over the World. Edited by J. L. French.Milton Bradley Co., Springfield, Mass., U.S.A. Price $1.00.Barnard on Learning to Fly. By Capt. C. D. Barnard. London: Sampson Low, Marston Co., Ltd. Price 15s. net. 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 1930 Published July 23. 1931 6,042. A. SEIDEL. Air propeller with angle of pitch changeable in flight. (351,507.) 11,276. A. SWAN and W. HELMORE. Means for protecting i.e. engines for use on aircraft. (351,613.) 15,013. ETABLISSEMENTS AERA. Piloting apparatus operating with com- pressed-air gyroscopes. (351,672.) 16,353. T. ROSE. Dirigibles. (351,699.) 17,548. K. GARDNER AND GARDNER AND SONS, LTD. Valve mechanism of Diesel engines. (351,716.) 21,063. BRITISH THOMSON HOUSTON- CO., LTD. Control systems for aero- planes, etc. (351,758.) 28,412. M. BERGERON, Braking apparatus for aircraft. (351.836.) 28,854. W. FINCH. Cabinet adapted to be fitted in aircraft for use of passengers. (315,843.) 31,973. G. SERRAGLI. Self-rotating air screws for aerodynamic braking or retardation of aeroplanes. (351,869.) 35,485. Soc. INDUSTRIELLE D'AVIATION LATECOERE. Aeroplanes com- prising a detachable part adapted to float, especially hydro- aeroplanes. (351,889.) 38,532. G. L. R. J. MESSIER. Landing device for high-speed aeroplanes. (351,896.) APPLIED FOR IN 1930 Published July 30, 1931 19,798. AMERICAN PROPELLER CO. Variable-pitch airscrews. (352,239.) 19,931. R. A. A. COUZINET. Hydroplanes. (352.243.) 21,184. Soc. ANON, DES ATELIERS D'AVIATION L. BREGITET and L. BREGUET. Automatic pitch-adjusting device for variable-pitch propellers and rotating wings. (352,260.) 23 487. BOVLTON AND PAUL, LTD., and J. D. NORTH. Wings, etc., for aircraft. (352,286.) 23,488. BOULTON AND PAUL, LTD., and J. D. NORTH. Aircraft wings. (352,287.) 26,876. R. A. A. COUZINET. Collapsible undercarriages for alighting on land and water. (352,313.) FLIGHT, The Aircraft Engineer and Airships. 36, GREAT QUEEN STREET, KINGSWAY, W.C.2. Telephone (2 lines) : Holborn, 3211. Holbora, 1884. Telegraphic address : Truditur, Weatcent, London. SUBSCRIPTION RATES POST FREE UNITED KINGDOMs. d. 3 Months 8 36 „ 16 6 12 „ 33 0 UNITED STATES OTHER COUNTRIES*s. «• 3 Months S 9 • Dividend paid tax free. c £1 unit of stock. B Rate per annum for nine months. D Last xd. on March 19. 3 Months $2206 „ $4-40 12 „ $8-75 • Foreign subscriptions must be remitted in British currency. Cheques and Post Office Orders should be made payable ic thtProprietors of " FLIGHT," 36, Great Queen Street, Kings-way,W.C.2, and crossed " Westminster Bank." „ Should any difficulty be experienced in procuring " FLIGITfrom local newsvendors intending readers can obtain each t:s™* direct from the Publishing Office, by forwarding remittance m above. 776
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