Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-31
COMMODITY PRICE
OUTLOOK IS GIVEN
Statistical Survey DiscIoses
Prospects in Various Lines
at Present Time.
Special DISPATCH to The Star.

Special Dispatch to The Star.
NEW YORK. August 3l.-A digest OF
the outlook and suggested purchasing
policies for important commodities, as
contained in a current bulletin by the
Standard Statistics Co., Of New York,
follows:
Barley-We advise buying moderately
ahead on 1-cent dips.
Brick-With the busiest season CT
the year now past, there Is no evidence
to indicate a near-term price advance.
Burlap-Five-point breaks should be
taken advantage of to satisfy needs for
the next six months.
, Butter-Purchaser are still justified
in buying ahead on 12-cent recessions.
Cement-Inasmuch as price better
ment probably will be postponed at
least for several months, wo do not
advocate forward buying at this time.
Cheese-Is still an attractive buying
zcne, and we advise fairly heavy pur-
chases for seasonal account on frac-
tional declines.
Coal. anthracite-The outlook for
this division is unsatisfactory and we
advise that commitments be further
deferred.
~,
panSion in consumption and prospects
for higher prices lead us to advise COW
ering requirements three to six months
in advance.
Cocoa-We continue to advise taking
advantage of 10-point recessions to
satisfy needs for the next six months.
Coffee-Pending definite Qualification
of Brazil's financial difficulties, We
would restrict forward purchases to
20-point declines.
Copper-We expect intermittent price
strength during coming month. Cover
age through the first quarter of 1882
would be justified on further set-backS
Corn-Only minor price fluctuations
are expected during the near term. We
would restrict purchases to immediate
needs.
Cotton-Poor statistical position
points toward lower prices and makes
hand-to-mouth buying policy wise at
the present time.
Cottonseed oil-Current quotations
have rather thoroughly discounted adj
verse influences, and purchasers are ad-
vised to build up reserve supply en-
20-point declines.
Eggs-We continue to advocate
policy of moderate storing during
periods of price weakness.
Flour-A probable change in wheat
price trends necessitates unusual plia-
bility regarding industrial flour pur-
chasing policies, and fairly long-term
coverage proba bly, will become advisable
before the year end.
Gasoline-We would contract some-
what more literally for future require
ments.
Hides-In view of possibly lower spot
prices. we continue to advise that adj
ditional commitments be made only on
reactions.
Hogs-With little prospect of in
creased demand during the near future,
we would restrict purchases to current
Jute-We continue to advocate a
policy of accommodating known require
ments for at least six months ahead.
taking advantage of any moderate
weakness which might materialize
within the near future.
Lead-Prices should display irregular
strength through the remainder Of 1881.
Early 1882 requirements should be COW
cred on receSSions.
Linseed oil-Coverage of at least six
less Is advised.
Lubricating oil - We advise a more
liberal buying policy than during re-
cent months.
OatS-In our opinion. prices are well
Debated. and moderate forward pur-
chases are warranted on 1-cent dips.
Paper-With production exceeding
demand and stocks high, we see no
reason for making long-term commit
ments in the wrapping and fine paper
division at this time.
Paraffln-We continue to advise
building up a reserve supply at current
prices or on scent declines.
Petroleum-We would contract hber-
ally for requirements over the next
three or four months.
Pig neutrality-suspicious. price outlook
justifieS maintenance OF hand-to-
mouth consumption policies.
responsibilities acetate-We con-
tinue to advise purchasing for immes
diate needs only.
Rayon-viscose-In anticipation of a
moderate advance in prices, We advise
that requirements be covered for at
least three months in advance.
Rosin-We advise that requirements
up to the next season be covered grad
ually on 10-point recession5.
Rubber-.We think coverage should be
assured for the next several months on
further price recessionS, say to cents,
but advise against longer term commit
ments in the face of the unfavorable
statistical situation.
Rye-Although price strength is con-
tingent upon. the Qualification of the
wheat situation, we advise moderate
forward purchases on 2-cent declines.
Shellac-ConSumer are justified In
taking advantage of market weakness
to build up a reserve supply for future
Silk-raw-Indication that further
price advances will be witnessed lead