FlightGlobal.com
Home
Premium
Archive
Video
Images
Forum
Atlas
Blogs
Jobs
Shop
RSS
Email Newsletters
You are in:
Home
Aviation History
1931
1931 - 1172.PDF
FLIGHT, OCTOBER 30, 19al AIRCRAFT COMPANIES' STOCKS AND SHARES CENTIMEMT in the market for industrial shares has been•3 buoyant during the past month under the influence oi General Election considerations and the City s belief thatbefore long a tariff policy will be adopted. On balance for the month many leading industrial shares show a substan-tial rise despite the fact that towards the end of the month profit taking was in evidence. Generally speaking, faxedinterest bearing issues and preference shares have gone out of favour, and were marked down at one time, but therehas since been a noticeable tendency towards recovery. The fact that the shares of many companies associatedwith the aircraft industry have shown good response to the. general marking up of values has been taken to indi-cate that these companies stand to benefit if a tariff policy is adopted. The report of Imperial Airways with thedecline in net profits from £60,139 to £27,140 and the " cut " in the dividend from 5 to 3 per cent, has attractedattention to tile company's shares. It is not, therefore, without significance that although now quoted " ex," thedividend, they are Is. higher than a month ago ; it has been generally recognised that the directors have againdealt with the accounts and profits in a conservative manner and that the African extension and, of course,general improvement in world trade conditions should enable the company quickly to re-establish its earningcapacity. Fairey Aviation have come in for a good deal of support on the expectation that the report, due inDecember, will show a good expansion in profits ; there are hopes of an increase in the dividend, but no doubt thedirectors will be largely influenced in their decision by the indications over the next few weeks of the general tradeoutlook. D. Napier & Son show little change on balance, the lower price having brought in buyers ; at the time ofwriting the report is current that the company has been Name. Anglo-American Oil Armstrong Siddeley Develop . . Birmingham Aluminium Castg. Booth (James), 1915 Do. do. British AluminiumDo. do British CelaneseBritish Oxvgen 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 (Systun) Do. do Fairev AviationDo. do Firth (T.) & John Brown Do. do.Ford Motor (England) Fox (Samuel) Goodyear Tyre & Rubber Handley PagrHoffmann Manufacturing Do. do.Imperial Airways Kayser, Ellison Do. doLucas (Joseph) Napier (D.>, & Son Do. do.Do. do. National Flvius: Services Petters . . 'Do. Roe. (A. V.) (Cont. by Arm- strong Siddeley Devel.. q.v.)Rolls-Rovce .. Smith (Si) & Sons (M.A.) Do. do.Do. do. Serck Radiators " Shell " Transport & Trading Do. do. .. Triplex Safety Glass .. Vickers ..Do. Vickers Aviation (Cont. b' Vickers, q.v.) NominalAmount Class, of Share. DKIJ. Cum. Pref. Ord. Ord. Cum. Pref. Ord.Cum. Pref. Ord. Ord. Cum. Pref.Ord. Cum. Pref Ord. Cum. Pref. Cum. Pref.Ord. Ord. "C'Cum.Pref Def. Ord. Ptg. Pfd. Ord ' Ord. lst.Mt.Deb. Cum. Pref. Cum. Pref.Ord. Mt. Ptual.Deb. Deb. Ptg. Pref.Ord. Cum. Pref.Ord. Ord. Cum. Prof.Ord. Ord. Cum. Pref.Pref. Ord.Ord. Cum. Pref. Ord.Ord. . Def. Ord. .Ptg.Pfd.Ord . Cum. Pref. Ord. Ord. . Cum. Pref.Ord. Ord.. Cum. Pref. v Westland Aircraft (Branch of Petters. q.v.) Whitehall Electric Investmts. •Dividend'paid tax free. r C1 unit of stock. Cum. Pref. Stk. £1(\ £1£» f!10/- £1£1 £1£1 £1£1 no£i c . 16 - 1/-• 5/- 10/- Stk. £1 £'£1 Stk. Stk. 8'- £1 £i£1 £5£5 £15,'- £1£' 2 /- £1£1 £1t\ 1/- • £i£i £1£1 £io£i 6/8 £1 . £1 LastAnnual Dividend. 0* 5+ 6+7S 15 7 10 6 Nil 8B 61- 10 7 10 71- 5 5 10 Nil K T 8 6 v S*D 10 5 6+ 12 Nil" 7.1 3" Nil 6 20 15 71 8 Nil 6 7i 10 18? 12V 7.V 15" 17J* 5 10 8 5* CurrentWeek's Quotation. 971 14/4*17/6 38/8 20/- 32/616'IOJ 4/-" 16/1(1.I 18/9 25- 21/8 22/6 20/- 116/3 16/3 19/- 15'/- 3/U14/6 106 8/6 8/6 38/1 i72 J 99.', 10/7.1, 16/3" 15/-13/6 xd. 50/- 73/9 63/9 5/3 20/- 17/6 -,'4A 20/-"18/9 34/4JI/-' 13/9 10/- 31'- 44/4.1 £8'! '32 '6 xd 10 -17/9 21/6 B Rate per annum for nine month?. v LasiI xd. on March !9 successful in obtaining control of Bentley Motors. DeHavilland have had a rise of several shillings on the month ; in this case market men are not so far inclinedto discuss the dividend for the year ended last month. Handley Page have not quite held all their improvementof the previous month. National Flying Services have changed hands at around 3d., pending the issue of thereport. There has been a sustained demand for Vickers shares on trade and tariff hopes ; the yield is now on thesmall side at around 5£ per cent. Rolls-Royce reflected the general tendency, aided by the motor show. Anumber of interesting reports have been published, but they have had little influence on quotations in most cases.Serck Radiators were only a shade lower at Birmingham, the profits of £20,505, against £26,495, and the dividendof 15 per cent, as against 17 J per cent, being considered very satisfactory. British Piston Ring moved against holderson the dividend " out " from 22 J to 10 per cent. The decline in Kayser Ellison's profits from £36,969 to £15,975and the absence of a dividend has not led to dealings in the company's shares. Joseph Lucas, which show a goodrise on balance for the month, were marked up sharply on the past year's very satisfactory results, which permitof a distribution of 20 per cent., against 25 per cent. Triplex Safety Glass have also risen substantially followingthe publication of the report and the meeting ; there is no doubt that the company is now in a supreme posit1in the safety glass industry, and the satisfactory financial position augurs well for the future. British Aluminiumhave been a rising market on the hope that the inter- national agreement among producers will lead to a rise inthe price of the metal. Thanks to the buoyancy of markets, Dunlop Rubber have now made a good recoveryfrom the low price to which they fell on the passing of the interim dividend. " Shell " have had a good rise incommon with other leading oil shares, aided by. the Anglo- Persian-Royal Dutch-Shell scheme for effecting distributioneconomies in the United Kingdom. The market is pre- pared for a big "cut" in the forthcoming "Shell"interim dividend. PUBLICATIONS RECEIVED Aeronautical Research Committee Reports and Memo-randa: No. 1374 (EA6-I.C.E. 789). Oxidation Character- istics of Fuel Vapours with Regard to Engine Detonation.By E. Mardles. November, 1930. Price Is. 6d. net. London: H.M. Stationery Office, W.C.2. A Register of Civilian Aircraft. Compiled by W. 0.Manning and R. L. Preston. London: Sir Isaac Pitman & Sons, Ltd. Price 2s. 6d. 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 October 29, 1931 11,138. BRITISH THOMSON-HOUSTON CO., LTD. Electrical means for deter- mining altitude from aircraft. (358,123.) 19.WI4. H. R. RICARDO and J. F. ALCOCK. I.e. engines. (357,980.) 32,478. W. H. HARVEY. Aeroplane propellers. (358,317.) 33,551. H. JUNKERS. Metal members. (358,327.) 39,078. SIEMENS AND HALSKE AKT.-GES. Multi-engine drive for aeroplanes. (358,377.) 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 UNITBD KINGDOMs. d. 3 Months 8 36 „ 16 6 12 „ 33 0 UNITED STATES 3 Months $2-206 „ |440 12 „ $8-75 OTHER COUNTRIES* s. *• 3 Months 8 9 6 » 17 5 12 „ 35 0 to • Foreign subscriptions must be remitted in British currency. Cheques and Post Office Orders should be made payabl*._ the Proprietors of " FLIGHT," 36, Great Queen StreetKingsway, W.C.2, and crossed " Westminster Bank" Should any difficulty be experienced in procurt*S" FLIGHT " from local newsvendors, intending readers t**obtain each issue direct from the. Publishing Office, by r"' warding remittance as above. 1094
Sign up to
Flight Digital Magazine
Flight Print Magazine
Airline Business Magazine
E-newsletters
RSS
Events
