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Aviation History
1932
1932 - 0418.PDF
FLIGHT, AFRIL 29, 1932 AIRCRAFT COMPANIES' STOCKS AND SHARES QN balance for the month, industrial shares have moved against holders, but there are few heavy declines, and at the time of writing a rather better tendency has developed partly in sympathy with the steadier showing of Wall Street markets, but mainly on support follow ing the Government's tariff proposals. The further reduction in the Bank rate naturally benefited British Government stocks, and also to a lesser extent the deben tures and preference shares of industrial companies, in cluding those of aircraft and allied companies. At the time of writing Fairey Aviation are quoted at 13s. 9d., as compared with 15s. l£d. a month ago, but there has been little selling reported and the decline merely represents the general tendency shown during the month by active industrial shares. De Havilland have not attracted much attention judged by markings of business, but dealings have been recorded recently at 15s. 3d. and 15s. 7Jd., and the quotation is unchanged on the month at 16s. 3d. During the month Handley Page participating preference lost 2s. to 8s. 6d. The report is due this month, and the market is apparently not looking for an increase in the dividend on these shares. Rolls-Royce at 34s. are Is. lower on balance, but this is explained by the fact that the quotation has gone " ex " the dividend. The market was favourably impressed by the statements at the meet ing. Ford Motors were offered quite freely on the absence of a dividend, and are now quoted at 21s. 9d. In the past they have tended to move closely with Wall Street markets, and may therefore respond if the latter show real improvement before long. Imperial Airways have been a bright spot again, with a rise from 14s. 6d. to 15s. 6d. As was mentioned a month ago, the support for the shares is due to the hope that the company is in a better position than last year to compete for traffic owing to the lower Name. Anglo-American Oil Armstrong Siddeley Develop. Birmingham Aluminium Castg Booth (James), 1915 .. Do. do British Aluminium Do. do. British Celanese British Oxygen Do. do. British Piston Ring 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. Ford Motor (England).. Fox (Samuel) Class. Nominal Amount of Share. Goodyear Tyre & Rubber Handley Page Hoffmann Manufacturing Do. do. Imperial Airways Kayser, Ellison Do. do. Lucas (Joseph) Napier (D.), & Son Do. do. Do. do. National Flying Services Petters Do Roe (A.V.) (Cont. by Arm strong-Siddeley Devel., q.v.) Ord. £1 Rolls-Royce Ord. £1 Smith (S.) & Sons (M.A.) .. Def. Ord. 1/- Do. do. .. Ptg. Pfd. Ord. £1 Do. do. .. Cum. Pref. £1 Serck Radiators .. .. Ord. £1 " Shell " Transport & Trading Ord. £1 Do. do. Cum. Pref. £10 Triplex Safety Glass .. .. Ord. £1 Vickers Ord. 6/8 Do Cum. Pref. £1 Vickers Aviation (Cont. by Vickers, q.v.).. .. .. — — Westland Aircraft (Branch of Petterg, q.v.) .. .. .. — — * Dividend paid tax free, c £1 unit of stock. 1931. Deb. 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. 16/- Def. Ord. 1/- Ptg. Pfd. Ord. 5/- Ord. 1st Mt. Deb. Cum. Pref. Cum. Pref. Ord. Mt. Ptual. Deb. Deb. Ptg. Pref. Ord. Cum. Pref. Ord. Ord. Cum. Pref. Ord. Ord. Cum. Pref. Pref. Ord. Ord. Cum. Pref. Stk. £1 £1 £1 £i £i £i 10/- £i i'l £i £1 £i £i £io £i 10/- Stk. £i £1 £1 Stk. Stk. 8/- £1 £ £5 £5 £ h- £1 £i 21- £1 £1 Last Annual Dividend. /o S| 6i 5 15 7 5 6 Nil 3 6* 10 7 10 7* 5 6 10 Nil 8 10* 8 6s 5*D Nil 5 6* 12* Nil I' Nil 6 20 Nil 74 8 Nil 6 7* 10 Nil 7 74 15 174* 5 10 5 5* Current Week's Quotation. 1004 13/9 19/6 42/9 23/6 23/- 20/7* 7/3" 11/3 20/74 25/- 24/- 26/3 23/9 115/- 16/3 9/- 8/9 1/- 2/6xd 13/9 104 7/6 6/- 21/9 724 99 8/6 15/14 15/- 15/6 55/- 75/- 58/9xd 3/6 20/- 16/3 -/44 17/6 17/6 34/-xd 1/6 12/6 15/- 30/- 33/9 £9| 31/3 7/3xd 17/- external value of the pound sterling. " Shell " have been weak, but were inclined to rally on the statement on the position made by the chairman last week. Market esti mates of the dividend range from 5 to 7J per cent., tax free, as against the previous year's 17£ per cent., tax free. Dunlop Rubber are 9s., compared with lis. 3d. a month ago, and the " C " preference show a rather larger de cline. The market is prepared for the further postpone ment of preference dividends, as it believes the directors will decide to conserve resources. D. Napier are Is. l£d. down on the month, and remain under the influence of the frank statement of the position at the annual meeting. Nevertheless, they appear to be held fairly tightly on the good financial position. The 1\ per cent, preference have gained Is. 3d. to 20s. National Flying Services are a shade better on the month at 4Jd. " Facilis Descensus " IN our issue for January 15 last we published a full- page illustration bearing the above caption, showing Lt. J. Reece making a parachute descent at Melbourne airport. At the time we omitted to mention that the photograph was taken by The Argus of Melbourne—and now hasten to amend our omission with apologies. PUBLICATIONS RECEIVED Service in Life and Work. Spring 1932. Vol. 1. _ No. 1. Rotary Inter national Association, Tavistock House (South), Tavistock Square, London, W.C.I. Price 6d. The Aircraft Year Booh for 1932. Compiled by the Aeronautical Chamber of Commerce of America, Inc. New York: D. Van Nostrand Co., Inc. Price $6.00. Revue Generate de VAcronauiique. Vol.13. Aviation in 1931. E.Chiron. Librairie Aeronautique, 40. Rue de Seine, Paris. Price 30 fr. The Shycraft Booh. By Laura B. Harney. New York : D. C. Heath and Co. Price fl.08. A Rabbit in the Air. By David Garnett. London : Chatto and Windus. Price 5s. net. La Guerre de VAir. By General Douhet. " Les Ailes," 65, Faubourg Poissonniere, Paris. Price 15 fr. Technical Report of the Aeronautical Research Committee, 1930-31. Vol. I. Aerodynamics. Vol. II. Stability and Control. Engines, etc. London: H.M. Stationery Office, W.C.2. Price : Vol. I, £1 5s. net. Vol. II, £1 12s. 6d. net. Brico Piston Ring Catalogue and Directory. The British Piston Ring Co., Ltd., Holbrook Lane, Coventry. Sailplanes : Their Design, Construction and Pilotage. By C. H. Latimer Needham. London: Chapman and Hall, Ltd. Price 15s. net. AERONAUTICAL PATENT SPECIFICATIONS AbbrtviaUcns : Cyl. =- cylinder 1 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 April 28, 1932 33,565. DORNIER-METALLBAUTEN GES. and C. DORNIER. Aircraft wings. (370,056.) 39,132. A. RICHINSON. Airships. (370,004.) APPLIED FOR IN 1931 Published April 28, 1932 4,405. SIR W. G. ARMSTRONG WHITWORTH AIRCRAFT, LTD., H. N.WYLIE and P. G. CRABBE. Tool for crushing or cutting metal. (370,106.) 5,492. E. A. LINK, JUN. Training device for aviators. (370,128.) 5,508. SIR W. G. ARMSTRONG WHITWORTH AIRCRAFT, LTD., and H. R. WATSON. Aircraft. (370,130.). 13,096. ECLIPSE AVIATION CORPORATION. Spark plugs. (370,215.) 25,128. FIAT Soc. ANON. Framework girders more particularly for aero plane fuselages. (370,322.) FLIGHT, The Aircraft Engineer and Airships. S6, GREAT QUEEN STREET, KINGSWAY, W.C.2. Telephone (2 lines): Holbom, 3211. Hoi born, 1884. Telegraphic address: Truditur, Westcent, London. SUBSCRIPTION RATES POST FREE UNITED KINGDOM 5. d. 3 Months 8 3 6 16 6 12 „ 33 0 UNITED STATES 3 Months $2-20 6 „ $4-40 12 „ $8-75 OTHER COUNTRIES s. d. 3 Months 8 9 6 „ 17 6 12 „ 35 0 D Last xd. on March 19, Cheques and Post Office Orders should be made payable to the Proprietors 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 issue direct from the Publishing Office, by for- warding remittance as above. 386
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