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Aviation History
1933
1933 - 0418.PDF
FLIGHT, AUGUST 24, 1933 AIRCRAFT COMPANIES' STOCKS AND SHARES POURING the past month holiday influences made for a ^ reduction of business in the stock and share markets, but a firm tendency was maintained in most sections, and this week prices moved in favour of holders, sentiment having benefited from further indications of improvement in the general trade position. Prominent shares of aircraft and allied companies have been a strong and active feature on attention drawn to market views that aircraft companies are having a favourable experience, and that results for the current year are likely to make a good showing with larger dividends in some cases. Imperial Airways have remained firm. The report is usually issued next month, and there are continued hopes in the market that despite the conservative policy invariably followed by the directors there will be a small increase in the dividend. Fairey Aviation were 2s. higher on balance. It was mentioned in these notes on the last occasion that in view of the large margin of profits over the dividend in the previous year and the saving now effected by the redemption of the debentures, anticipations of a larger dividend are already current, although the results are not due until December. De Havilland recovered on Monday an earlier decline in the previous week. Handley Page preference im proved from 9s. to 10s. 6d. The decision with regard to an interim dividend on the last named falls to be announced towards the end of next month. Last year, it may be recalled, there was no interim, but the final dividend was 10 per cent., the same as the total for the previous year. Rolls-Royce were a prominent market feature, having moved up during the month from 52s. 6d. to 57s. 6d., which is a new high " record." The rise is attributed partly to market rumours that the aero engine side of the business is doing well. Armstrong-Siddeley preference im proved nearly Is. to around 21s. ; on the basis of last year's profits the dividend on these preference shares is Nominal Last Current Name Class Amount Annual Week's of Share Dividend Quotation Anglo-American Oil . . Deb. Armstrong-Siddeley Develop. . Cum. Pref. Birmingham Aluminium Castg. Ord. 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 Haviland Aircraft .. Dunlop Rubber Do. do. En-Tout-Cas (Syston) .. Do. do. Fairev Aviation Firth (T.) & John Brown Do. do. Ford Motor (England . . FOS (Samuel) Goodyear Tyre and Rubber Handley Page Hawker Aircraft Do. do. Hoffmann Manufacturing Do. do. Imperial Airways Kavser, Ellison Do. do. Lucas (Joseph) Napier (D.) & Son Do. do. Do. do. Petters Do. Roe (A. 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. . Cum. Pref. . Cum. Prof. . Ord. . Mt. Deb, Deb. . Ptg. Pref. Ord. .Red.Cum. Pref Ord. . Cum. Pref. Ord. Ord. . Cum. Pref. Ord. Ord. . Cum. Pref. Pref. Ord. . Cum. Pref. V.) (Cont. by Arm- strong-Siddeley Devel., q.v.) Ord. Rolls-Royce Ord Smith (S.) & Sons (M.A.) .. Def. Ord. Do. do. .. . .Pt. Pft. Ord. Do. do. . . .1 Cum. Pref. Serck Radiators .. .. Ord. " Shell "Transport and Trading Ord. Do. do. .. . . Cum. Pref. Triplex Safety Glass .. .. Ord. Vickers . . .. . . . . Ord. Do. .... .. .. Cum. Pref. Vickers Aviation (Cont. by Vickers, q.v.) .. — Westland Aircraft (Branch of Petters, q.v.) Stk. £1 O £1 i"i O 10/-£lc (i o o £1 (u, a c 18/- 1/- 5/- 10/- £i £i Stk, Stk. 8/ Sh . £1 £1 £i b £5 £S %- £i £1 £1 £1 £i c 1/-£1 £1 £i £i £10. 10 - 6 8 £i 5; 5" 15 7 5 6 Nil «.', 12', 7 K) 11 5 2* 4 10 Nil Nil Id* BD 5*D Nil S 6J 10 5 ~\ 3 Nil 6 20 Nil n 8A Nil 7jG 10 Nil 7 n 121 7i* 5 25 4 101 i 21/- 27/- 64/6 27/6 30/9 23/9 17/1J 34/3 26/3 42/6 26/3 40/6 28/9 117/6 23/9 35/3 25/6 -/6 2/9 25/6 6/- 6/- 28/- 824 104 10/6 13/10 i 18/9 22/- 23/9 29/- 50/- 70/- 96/3 5/6 22/6 15/71 7/6 10/- 57/6 4/6 43/9 24/44 41/- 52/6 £11! 59;- 7/1* 20/9xd covered nearly three times over. Broun Brothers remained firm and are little changed on the month, assisted by the possibility of an increase in the interim dividend which falls to be announced next month, but there would apparently be little surprise, in view of the conservative policy invariably followed by the directors, if all questions of an increase were left until the final dividend. Hawker Aircraft issues were higher, Petters preference receded to 10s. and have changed hands around this level. D. Napier issues are the same as a month ago, with the exception of the 1\ per cent, preference, which are better at 22s. 6d., compared with 22s. The interim dividend on the 8 per cent, preference is normally due next month, but the market is not apparently looking for a resumption of dividends on this class of capital at this stage. Among shares quoted at provincial centres, British Piston Ring and Serck Radiator moved up at Birmingham on the possibility of larger dividends. Firth & John Brown preference were better at Sheffield. Triplex Safety Glass again were one of the most active shares last week, but after passing the £3 level the quotation was lowered on Monday on the news of the death of the company's chairman. The report is expected this week. BRIEFLY A USEFUL test of stability was given the D.H. Dragon " recently, when Capt. Hubert Broad flew one back from the Midlands. He found that he was able, after trimming the machine, to leave the controls un touched for half-an-hour. GENERAL AIRCRAFT, LTD., at Croydon, are now turn ing out " Monospar " aeroplanes at a steady rate. They have recently been investigating the question of saving time and unnecessary labour in a scientific manner. The result has been complete reorganisation in the factory. The general layout has been altered, and the work now goes through on direct and well defined routes, thus con serving money and energy. An extra bay of the Croydon hangars will shortly be taken in for space in connection with the Service department. MOTOR BOAT engines are now being made by the Cirrus-Hermes Engineering Co., Ltd., in addition to their well-known " Hermes " aero engines. The latter have, incidentally, been giving amazingly regular service in the hands of some of the joy-riding pilots who are at present touring the country. As any pilot knows, there is nothing more trying to an engine—or an aircraft for that matter— than joy-riding day after day. British Hospitals Air Pageants, Ltd., for example, have several " Hermes engines in Spartan three-seater aeroplanes, a combination which has given the greatest satisfaction through the whole tour. ss * •cts: T° sds and i owner* s May, Road, Plugs, NEW COMPANIES REGISTERED UNIBRTT AGENCIES, LTD.—Capital £100 in £1 shares. Obi acquire and hold shares, stocks and securities, to purchase ships aircraft of all kinds, and to carry on the business of ship or awcral or brokers, shipping or aircraft agents, etc. Solicitors : Slau«ht,J' 18, Austin Friars, E.C.2. Change of Name AGNI SPARKING PLUGS, LTD. (Waddon Factory, Staffer Croydon Aerodrome, Surrey).—Name changed to Wizard Sparkn Ltd., on July 25, 1933. ft ft ft V AERONAUTICAL PATENT SPECIFICATIONS Abbreviations: Cyl. — cylinder; i.e. = internal combustion '•,Ja-T j|| (The numbers in brackets are those under which the Spec'ficatio. be printed and abridged, etc.) APPLIED FOR IN 1932 Published August 24, 1933 7,320. BENDIX AVIATION CORPORATION. Ignition systems of '•' Dividend paid, tax free. A Last xd. September, 1931. July, 1932. c £1 unit of stock. B Issued this year. D Last xd. March, 1931. F 10/- paid, G Last xd. 10,304. 16,197. 21,574. 30,610. 36,247. 11,428. 14,878. 15,828. ngines. [TON lyORFORATION. igniUOH sysu.,™ — (396,146.) , H. JUNGHANS. Fuse for anti-aircraft shells. (396,171.) „f0r FAIREY AVIATION CO., LTD., and A. G. FORSYTH, buperuw B i.e. engines. (396,203.) . „ r B**v- FAIREY AVIATION CO., LTD., M. J. O. LOBELLE ana r. • Welded joints for tubular structures. (396,225.) (396,253-' E. P. and J. A. GIRARD and R. EMICH. Rotary i.e. engine U. ANTONI. Balloons. (396,277.) APPLIED FOR IN 1933 Published August 24, 1933 ,396,347.) W. MESSERSCHMITT. Undercarriage for flying machines. F. B. HALFORD. Valve gear for i.e. engines. (*"»•*' Q,. aircM" F. W. HILL. Sighting-apparatus for guns for use (396,108.) 858
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