Evening star., 1931-12-03
COMMODITY BUYING.
POLICY SUGGESTED.
Statistics Company Advises
Purchases Based on Present
Market Conditions.

NEW YORK. December 9Th,
following suggestions as to purchasing
policy for various important commodi
ties are contained in a current bulle,
tin of the Standard Statistics Co. o.
New York:
Barley-Gradual accumulation oi
forward needs is advised on moderate
price weakness.
Brick-Buying should be restricted
10 immediate needs
Burlap-Periods of price weakness
should be waited for before anticipat-
ing requirements
Butter - Coverage of near-term re-
ouirements only. is advised
Cement-Forwsrd buying is not ad-
vised at this time
Cheese-There is little incentive for
protection Of other than near-term
needs.
Coal anthracite - The Winter sea
sons requirements should be covered
now.
Coal, bituminous-Coye of Win
ter seasons requirements is advised.
Comfortable coverage of fu-
ture needs should be made during peri
ods Jf market weakness.
Cofee-Medium term requirements
should be satisfied at current prices or
better
Copper-A portion of early future
requirements should be covered and
commitments added on to a downward
scale.
Corn-Gradual coversge of future
needs is advised on sizeable reactions.
Cotton-Advantage should be taken
Of minor recesSionS to satisfy needs for
the next six months.
Cottonseed oil Satisfaction Of
needs several months ahead is iusti-
fed on sharp price setbacks, but over
extension should be avoided.
Eggs - Contracting should be lin
tied to near-term requirements.
Flour-Declines of moderate propor-
tionS should be waited for before COM
pleting commitments
Gasoline Gasoline requirements
should be covered through the close
Of the year, but extensive forward COM
mitments should await further devel-
opmentS within the industry.
Hides-Early future requirements
fhould be covered.
Hogs-Purchases of products should
be made only for the satisfaction of
current needs.
Jute-Temporary reactions should be
utilized to cover medium term needs.
Lead-Extension of purchases beyond
che first quarter of 1882 is not yet war
ranted, except on receSsions.
Linseed Satisfaction of oil needs
Tor several months ahead is justified. but
following up price advances in complet-
ing such a program is not advised
Lubricating oil-Coverage of near
term requirements, but delay in ex-
tensive forward contracting, is dictated
by present trade indications.
Oats-Forward needs should be grad
ually covered on receSsions.
Paper-No present necessity for ex-
tensive forward buying is seen.
Paraffln waX-Medium-term require
ments should be gradually satisfied.
Petroleum-Coverage Of commitments
for two to three months is advisable;
further extension Of commitments
should await more definite evidence
Of future production trends.
Pig lron-Only immediate require
ments should be satisfied.
Rayon, cellulose acetate - known
nearby requirements may be covered,
but there seems no need for longer
term contracting at this time.
Rayon. viscose-Only near-term re-
ouirements need be covered
Rosin-Requireme UP TO next sea-
son should be covered, especially on days
of price weakness.
Rubber-Extended forward purchases
are advised against, except on sharp
price reactions.
R;e-Consumers should attempt to
make purchases on temporary price re-
actions.
Scrap steel-A hand-to-mouth buying
policy seems advisable.
Shellac-Coyerage Of the next several
months needs is advised.
Silk-Ample coverage of near future
neecs should be made.
Silvef-Consuner should cover early
1882 requirements on any recession be-
low 30 cents.
Steel - Only near-term requirements
for steel products should be satisfied at
this time
Sugar-Near- term sugar requirements
should be adequately covered, but no
necessity for liberal forward purchases
is seen at this time.
Tin-Gradual accumulation of re-
ouirements for the first quarter of 1892
Is advised.
Turpentine-ConSum who have not
slreacy covered requirements up to next
season should complete such program,
especially during weak markets.
Wheat-ConSumerS are advised to
keep comfortably covered on medium
term requirements.
Wool-Comfortable coverage of near
term requirements, especially on cheaper
grades, is advised
Zlnc-Future needs should be covered
only through the first quarter Of next
year.