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Aviation History
1932
1932 - 0998.PDF
FLIGHT, SEPTEMBER 30, 1932 AIRCRAFT COMPANIES' STOCKS AND SHARES O INCE these notes were written a month ago there has ^ been a general upward movement in shares of indus trial companies, and on balance some substantial advances have been established. Best prices touched have not been maintained, the tendency being for sentiment to fluctuate from day to day with Wall Street markets. Nevertheless, throughout the month steady support has been reported for shares of companies which stand to be among the first to benefit from a revival in trade conditions. Shares of aircraft and allied companies participated in the general tendency, and at the time of writing are moving in favour of holders under the influence of market expectations of an increase in the Imperial Airways dividend. Estimates of the latter range up to 7\ per cent., but not more than 5 per cent, is looked for in many financial circles, as the directors are expected to follow a conservative policy. For the previous year the dividend was lowered to 3 per cent., but in respect of the past year the company's busi ness is believed to have benefited from the lower external value of sterling. Fairey Aviation have shown a further improvement on the month from 15s. to 17s. 3d., on hopes that the dividend will be maintained. The company closes its year this month, and the results do not fall to be announced until December. De Havilland, whose report is also not due until the same month, have not attracted a great deal of business, but gained a few pence on the month to 15s. 6d. D. Napier put on a similar amount to 4s. 3d., in sympathy with the better tendency in aircraft and allied snares, but the 7\ per cent, preference have gone back to 18s. 9d. Rolls-Royce are 4s. up on the month at 42s., having been aided by reports that the com pany's works are more active. Triplex Safety Glass bene fited from the good results for the past year and the statements at the meeting. The price, which may be regarded as carrying the forthcoming 10s. return of capital, Name. Anglo-American Oil Armstrong Siddeley Develop. Birmingham Aluminium Castf 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. Fairev Aviation Do. do Firth (T.) & John Brown Do. do Ford Motor (England) Fox (Samuel) Goodyear Tyre and 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 Fetters Do Roe (A. V.), (Cont. by Arm- strong-Siddeley Devel., q.v. Rolls-Royce Smith (S.') & Sons (M.A.) Do. do. Do. do. Serck Radiators " Shell Transport & Trading Do. do. Triplex Safety Glass .. Yiekers Do. Vickers Aviation (Cont. 1 Vickers, q.v.) Westland Aircraft (Branch Petters, q.v.) Class. Deb. Cum. Pref. Ord. Ord. . Cum. Pref. Ord. . Cum. Pref. Ord. Ord. . Cum. Pref. Ord. . Cum. Pref. Ord. . Cum. Pref. . Cum. Pref. Ord. Ord. Nominal Amount of Share. 0 n Stk. £i £1 b £1 £1 M 10/- £1 £1 £i £1 £i O £10 0 c . "C'Cum. Pref. 16/-. Def. Ord. .Ptg.Pfd.Ord 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. Ord. Ord. . Def. Ord. . Pt.Pfd.Ord . Cum. Pref. Ord. Ord. . Cum. Pref. Ord. Ord. . Cum. Pref. >y of — 1/-51- 10/- Stk. £1 £1 'J i Stk. Stk. 8/- <;i £1 £i £5 £5 £1 5/- £1 £1 2/- £1 £1 £1 £i V- £1 £1 £1 £i £10 £1 6/8 £1 — — Last Annual Dividend s; «•• 5 15 7 5 6 Nil 3 61 Hi 7 in 7A 5 5 Nil Hi Nil s 111" s 6D 5*D Nil. 5 6i 124 Nil" n 3 Nil 6 20 Nil 7i 8 Nil Nil 7A — 10 Nil 7 V| 15 U* 5 10 5 5* — — Current Week's Quotation 10U 13/9 17/6 46/3 26/3 24/4J 21/3 10/- 20/7J 21/3 25/- 26/10| 28/9 26/3 120/- 15/6 18/10i 19/- -19 2/6 17/3 109 4'6 3/6 25/6 82* 106 9 4.1 15/6 18/9 23/6 55/-72/6 69/- 4/3 18/9 12/6 -hi 15/- 13/9 — 42/- -/9 14/4 \ 17/6 32/- 53/9 £Hi 42/6xd 7/3 18/- "Dividend paid tax free, c £1 unit of stock, D Last xd. March 1931. has gained 4s. 6d. on the month to 42s. 6d. British Aluminium are higher on the month, despite the absence of an interim dividend. The market was prepared for resources again being conserved, as a similar policy was followed in respect of the interim dividend last year. There has been a good rise of around 6s. in British Oxygen since these notes appeared a month ago. This reflects the view that the company's earning capacity stands to recover rapidly when the engineering and allied industries are doing better. In some quarters there are hopes that interim dividends may be resumed with a small payment. On balance for the month Joseph Lucas gained around 8s. on the possibility that another high rate of dividend will be forthcoming. " Shell " and other leading oil shares were stimulated by the rise in the price of petrol and by market expectations of another increase before long, especi ally if, as is being suggested, the big oil groups arrive at a satisfactory agreement with Soviet oil interests. Dunlop Rubber remained under the hope that interim preference dividends may be forthcoming and have risen 3s. 6d. on the month to 18s. 10|d. m m m m A.S.T. Course for Commercial Pilots OWING to the large number of applications received by Air Service Training, Ltd., from candidates desirous of taking the three years' course for commercial pilots, it has been found necessary to run this course by terms. In future, pupils for this course will only be accepted in September and February of each year. At the termination of their training pupils should be in possession of the following qualifications:—"A" and " B " pilots' licences ; blind-flying certificate ; 2nd-class navigators' certificate ; Air Ministry W/T air operators' certificate ; "A" and " C" ground engineers' licences ; " X " ground engineers' licences for parachutes and compasses. K m m m PUBLICATIONS RECEIVED Aeronautical Research Committee Reports and Memoranda : No. 1463. Acceleration of Aeroplanes in Vertical Air Currents. Bv H. R. Fisher. March, 1932. Price Is. net. No. 1456. Relation between Ground Contours, Atmo spheric Turbulence, Wind Speed and Direction. By W. R. Morgans. Decem ber, 1931. Price 2s. 3rf. net. No. 1464. Wind Tunnel Tests of Recom mendations for Prevention of Wing Flutter. By B. Lockspeiser and C. Callen. February, 1932 . Price Is. 9d. net. No. 1469. Induced Flow through a Partiallv Choked Pipe. Bv H. Glauert, D. M. Hirst and A. S. Hartshorn. March, 1932. Price Is. net. London : H.M. Stationery Office, W.C.2. The Journal of the Royal Air Force College. Vol. XII. No. 2. Autumn, 1932. The Royal Air Force College, Cranwell, Lincolnshire. A nnual Report by the Director of the Meteorological Office for the Year ended March 31, 1932. M.O. 348. London: H.M. Stationery Office, W.C.2. Price Is. net. Regulations for the Royal A ir Force Reserve. Air Publication 938. London : H.M. Stationery Office, W.C.2. Price 2s. net. Patents, Trade Marks and Designs : Their Commercial Aspect and Develop ment. By C. W. Thomas. The Nutshell Series Vol. I. London : Ocean Publishing Co. Price 4s. 6d. net. .^ ?H 32 $ S$ NEW COMPANIES REGISTERED AIRCRAFT COMPONENTS, LTD, Grosvenor Studios, Grosvenor Place South, Cheltenham.—Capital £1,000 in £1 shares. Acquiring the business of Aircraft Components now carried on by G. H. Dowty at Grosvenor Studios, Cheltenham, dealers in and manufacturers of aeroplanes, balloons, airships and flying machines of all kinds, etc. Directors : G. H. Dowty, Mrs. Edith Dowty, both of 17, Lansdown Crescent, Cheltenham. GOODE'S OFFICERS' STORES, LTD., 4, Wickham Street, Portsmouth. —Capital £1,000 in £1 shares. Naval, military and air force outfitters, manu facturers, etc., and agents for civilian clothing. Directors : Mrs. Cecilia J. Goode, E. Goode, S. Goode, H. Goode. m m m m 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 1931 Published September 29, 1932 16,385. T. M. MACCASKIE. Aircraft. (379,747.) 17,093. ECLIPSE AVIATION CORPORATION. Starter-mechanism for internal- combustion engines. (379,778.) 17,300. J. DE LA CIERVA. Aircraft with freely rotative wings. (379,782.) 17,302. J. DE LA CIERVA. Blade construction for aircraft-sustaining rotors. (379,782.) 18,057. J. DE LA CIERVA. Aircraft having freely rotative sustaining- means. (379,792.) " 19,193. CHANCE BROS. & Co., LTD., and J. H. ABBINK-SPAINK. Starting of Diesel and like engines. (379,805.) 20.656. AKTIESELSKABET DANSK REKYL-RIFPEL SVNDIKAT. Sight device for machine-guns and the like for use against movable targets in the air. (379,815.) 33,919. H. JUNKERS. Metal screw-propellers. (379,933.)
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