By courtesy of Swan, Culbertson & Fritz Stock prices turned weak after early strength on the warning of Mr. Winston Churchill, the British Prime Minister, that a Nazi invasion of Britain might be imminent. The demand for "war babies" was attributed to the War Department request of aircraft manufacturers to procure materials for a vast number of "planes, engines and propellers and the award of many Government contracts. Business reflects the stimulation of Government activity. "Iron Age" predicts the continuance of steel production at the present rate, bringing the 1940 output to an all-time high. Westinghouse Electric reported that August orders have broke all records.
Stocks:—Unless Mr. Winston Churchill's speech implied fears of an invasion materializing soon. the rally should be resumed, especially in rails which continue to te well bought.
Text read from the printed page and cleaned; old type leaves the occasional error.