Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01
OUTLOOK DIFFERS
IN VARIOUS LINES
Forecast of Commodity
Prices Reveals Interesting
and Timely Contrasts.
speelsl Dispatch to tn. star.

Special Dispatch to The Star.
NEW YORK, August IA digest u
| the outlook and purchasing policy FOR
| important commodities, as contained in
q current bulletin Of the Standard Sta
tistics Co. of New York, follows:
Barley.-Only minor price fiuetua-
| tons are likely during the rest Of the
| Summer.
Brick.-Inactive demand probably
| will prevent a near advance in prices.
Burlap.-Coverage Of the next several
months requirements Is justified on
| further price weakness
| Butter.-We still counsel protection
Of needs for next Fall and Winter.
Standardization are that the
existing price war will not be ternli-
mated in the near term, and forward
| purchasing is not now advocated.
CheeSe.-Advise further acclunuls-
| ton of forward requirements on price
weakness.
Coal, Anthrscite.-With an INSULT
cient economic basis for expecting price
advances, we advise against forward
| buying.
Coal Bituminous slight
strengthening OF prices during the bal
! ance of 1881 makes It advisable to keep
requirements covered three to six
months ahead
Cocoa-Still in a buying zone. and
We advise gradual accumulate Of re-
quirements for the rest of the year,
taking advantage of market recessions.
Coffee.-Moderate forward purchases
are justified on further sharp declines.
Congratulations influences in
the industry now justify coverage of re-
naming 1881 requirements.
Corn Crop Forecast.
Corn-Iarge crop forecast precludes
| advisability Of buying far ahead, al
| though Summer requirements should be
| well protected on price declines.
Cotton-We recommend that con
tracts for remaining 1881 requirements
be limited to fairly well defined weak
ness.
Cottonseed Olive would still sd-
here to the policy Of moderate forward
purchases on price weakness.
ERes-We expect a more pronounced
than normal seasonal strengthening Of
prices throughout the remainder Of the
year.
Flour.-T'he price outlook does not
indicate need for haste IN making puT-
chases. but fairly long term coverage
probably will be advisable before the
year end.
Gasoline.-We would conf1ne con-
tracing to immediate needs.
UNDERSTANDINGS IIldb HF6I JFTUu
quirementS already have been met, fur
ther purchases should be made only on
moderate reactions.
Hogs.-We see no need at this time
to make heavy commitments.
Jute - Requirements for several
months ahead should be protected
around present prices.
Lead-We advise coverage OF needs
for two or three months. but would
] L. ILL ANH
contracting into 1882.
Ljnseed Oil-Forward purchases are
warrs nted on further price weakness.
Lubricating Olive see no necessity
for extended forward contracting at
| this time.
Oats.-There is no reason at this
time for abandoning hend-to-mouth
purchasing policy.
| Paper.-With demand low and stocks
| still Substa initial, we see little present
! basis for extensive forward commit
ments in wrapping and fine paper.
Parafin.-Requiremen for the re-
mainder of the year should be gradu-
! ally satisfied at around current prices,
Outlook for Petroleum.
| Petroleum. Crude Contracting for
| the next several months requirements
is warranted.
Pig Iron.-with an early recovery 70
prices improbable. we recommend thet
purchases be limited to immediate
needs.
Rayon. CelluloSe Acetate-We would
defer forward purchases as long as
possible. in expectation of a price cut.
Rayon. ViScose.-Prices proba bly, will
remain at present levels at least until
Fall: there Is little incentive to buy
ahead.
Rosin-Present prices Justify accu-
mutation of requirements for the re-
mainder of the year.
Rubber.-Continuati of forward
purchases for the next several months
is advised, but extension Of longer term
commitments is not warranted at this
| time.
Rye-Extensive forward buving IL
not advised, although nearby require
ments should be covered on 2-cent
| breaks
Shellac.-Present prices justify the
| policy OF gradually increasing supplies
/ for forward requirements.
Silk, Raw-Improving statistical po-
sition points to ACCESSIBILITY of covering
needs two or three months ahead.
| Silver.-We advise extending forward
| commitments through the end of the
year in periods of price weakness.
Steel Industry Status.
| Steel-With definite price stability
| likely to be deferred until late this year,
we see no need for extensive forward
commitments at present.
Steel. Scrap.-No pronounced near
term price strength is likely and only
nearby future requirements need be
satisfied.
Sugar.-Prospects for frmer prices
justify coverage of needs through the
Summer season.
Tin.-we advise utilizing periods Of
price weakness to extend coverage of
requirements through the remainder of
| the year.
Turpentine. -Advantage should be
taken of present levels to cover needs
through the remainder of 1881.
Wheat-Until termination Of the
j heavy marketing season, we would re-
strict purchases to current require
ments. although We believe that the
general price trend will be toward
higher levels beginning the latter part
of this year.
wool-Only near term requirements
should be covered at this time.
Zinc-We advise awaiting slight re-
cessions before making extensive for