Evening star., 1931-12-30
COMMODITY BUYING
POLICY SUGGESTED
Various Raw Materials Are
AnaIyzed for Benefit of
Purchasers.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. December 30.-The
following suggestions as to purchas-
ing policy for various important com
modities are contained in current
bulletin of the Standard Statistics Co
of New York:
Barley-Consumer are advised 10
protect needs at least three months In
advance of current needs during perlooS
of market weakness.
Brick-Users are justified in covering
only known near-term requirements
Burlap-Although supplies may be
maintained several months oeyond cur
rent requirements, necessary puyllg 10
follow this program shoulo pe accom-
nlisbed only during weak markets.
Butter-No more than current re-
uuirements should be protected.
Cerent-Purchases should cover only
current requirements.
Cheese-Only the protection OF near
term requirements seems JustlflaoIe.
Coal anthracite- -Coverage Of require
ments for the remainder Of the season
is advised. .. o,rood,
Coal bituminous-Cons areaoy
have been advised to cover requirements
fer the current season. There seems no
reason for modifying this reconlLellua-
ton at the present time.
Cocoa-A policy Of building up
beevv reserve supply during recurring
weait markets should be followed.
Coffee Consumers who nave not
a,readv covered medium-term require
rnents at lower levels are now ADVISED 70
extend accumulationS only curing pc
riods of price weakness. A., euot
Requirements for the hrsI
quarter of 1892 should be covered ana
further buying carried out upon any
Corn~A policy of gradually acccurnu-
latirg future needs should De col'HiUe0
on a scale-down basis. ,-,,.s
Cotton-Consuner VINO nave IoIlo"tu =.
,,reviCTs advices already have four to
five months requirements on hana.
Further protectlon al IllI' 'i4A1'
seem justified. ., -
Cotfonseed oil-Protection OF three or
four months requirements on Scaie-
down is advised. $1,000
Extension of contracts beyond
near-term requirements Is not NECESSARY
at this time. ..,s ir
Flour-Consumers are warranted In
protecting needs three to six monthS
ahead during weak markets.
Casoline-Only near-term require
xnents should be covered.
H1nnS-ln1 CoNtld Va A3SNA N~@tAA
c,,irements kas previously been recon-
T17ended. Additional forward commit
nnents should be made only on reactions.
Hogs-There seems no need at tnS
Rir1a n extend commitments OF PROD
ucts beyond current requirements.
.TuteECurrent prices dictate poilcy
nf protecting needs three or four montS
in advance during periods OF market
IUea kness, but following up advancing
prices to complete such a program Is noI
advised. ,... .I,o,,,5
be gradually extended beyond nrsI-
quarter needs. ,,, -
march is warranted during weak mar
l,ets hut extension of commitments be-
vond that date should be delayed, un-
less sharp price break is witnessed.
Iubricating cil-There seems little
occasion for extending commitments
beyond the satisfaction OF near-term re-
puirements. s xor
Iumber-There seems no need for
making forward purchases at this time.
Oats-A policy of gradually ncreas-
dng forward commitments during de-
clining markets is justihed.
Paper-Purchase should be conflneo
TO near-term needs.
P2TaIIl WdH-A pOLASy OA DA"-' 80
needs three or four months ahead dur
ing weak markets is justified.
Petroleum requirements
should be adequately covered, but any
material extension of forward commit
mentS is not advised.
Pig iron-Only immediate require
ments should be satisfied at this time.
Ravon. cellulose acetate-Coverage OF
no more than nearby requirements Is
advised.
Rayon, visooSe-Lttle basis exists for
expecting further price increases, ana
only near term requirements neeo De
covered.
Rcsin-Consumers who have not pro-
tected needs up to next season are ao-
vised to complete such a program on
any further setback.
Rubber-Recurring periods Of price
weakness should be utilized to secure
eoverage through the first quarter OF
1882. ,-,,,..
3ye-A more active purchasing policy
on a scale down basis is recommended.
SCRAP steel-Further declines in scrap
Rricps should be utilized to satisfy near
Term requirements, but there seems no
necessity for extensive forward ouylng
at this time.
Shellac-There is little incentive at
this time 10 e8JeNQ commitments NC
Eond known requirements for the next
two or three months"
Silk-Covering of only nearby re-
huirementS is advised.
Silver-The gradual accumulation of
requirements through the first half Of
1882 is advised at prices below 80 cents.
Steel-Only immediate requirements
for most steel products should be salts
fed at this time.
Sugar-There seems no reason to ad-
wise extensive contracting for future
requirements at this time.
Tin-The gradual covering Of require
ments for the next six months is ad-
Vised
urpentine-Consumers who have not
already protected needs up to next sea-
son are advised to complete such pro-
gram.
Wheat-Medium- term requirements
should be satisfied on further weak
markets.
Wool-Little need exists for extern
sive forward covering, but because Of
limited supplies in certain grades COM
Portable coverage of near-term needs
eor these varieties is advised.
ZinC-Present commitments should be
confined to the satisfaction Of known
requirements for the initial quarter Of
1882.
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