Evening star., 1932-04-10
ECONOMISTS. OFFER
ADVICE ON BUYING
Standard Statistics Gives
Results Of Probe Into
Commodity Outlook.
Special Dispatch to The Star.

NEW YORK, April 9.-The following
suggestions as to purchasing policy
for various important commodities are
contained in current bulletin of the
Standard Statistics Co. Of New York:
Barley-The strong basic position of
barley justifies coverage of several
months needs during any periods Of
price weakness.
Brick-Coverage Of immediate needs
only is advised.
Burlap-Consunlers who have fol-
lowed previous advice now have several
months needs protected.
Butter-Purchases should be limited
to current requirements.
Cement-A hand-to-mouth purchas-
ing policy is advised.
Cheese-Consumer should satisfy
nearby needs only.
Coal, anthracite-No incentive ex-
lists for covering more than current re-
quirements.
Coal, bituminous-As a general policy,
there seems little basis for purchasing
more than current needs.
COcOa-Consumers should take adj
vantage Of any temporary price set
backs to accumulate sufficient supplies
to cover needs through the third quar-
ter of 1882.
Coffee-Protection of several months
needs is advocated on any well defined
recessions from current levels Heavy
commitments are not necessary now
Copper-Gradual coverage of indus
trial needs beyond mid-year Is justified.
Corn-Purchases should be limited to
near term needs.
Cotton-Only near term needs should
be covered.
Cottonseed Oil-Coverage of several
months requirements appear justified.
but accumulation should be accom-
plished only in the event Of weak mar
kets
Eggs-The anticipation of only near
term needs is advised.
Flour-Protection of several months
requirements on well-defined price re-
cessions has been previously advised.
Additional commitments should be de-
ferred
Fuel Oil-Coverage of three months
requirements is advised.
GaSoline-Somewhat more liberal
coverage of future requirements is rec
commended
Hides-The limiting of purchases to
requirements for the first half Of the
year is advised.
HogS-Advance purchases should be
conSummated only in the event Of weak
markets.
Jute-Coverage of needs for the first
half of the year has been advised pre-
viously. Additional accumulation should
be postponed
Lard-Consumers should adhere to a
conservative policy in anticipating re-
Quirements.
Lead-Present low prices justify grad
ual coVerage of needs beyond midyear
Linseed Oil-Purchases should be
confined to known near term needs.
Lubricating Oils-An extension Of
purchases to cover two or three months
requirements is favored.
Lumber-Purchasing should be Inn
tied to near term needs.
Oats-Consumer are advised to an
t1c1pate current requirements only.
Paper-FutJlre contracting should be
restricted to nearby requirement..
Parafln Wax-Consumers are lusti-
fled in protecting needs at least three
months in advance on any setbacks.----
Pig Iron-CoYerage of only imme-
date requirements is advised.
Rayon, Acetate-A hand-to-mouth
ruying policy is advocated
Ray on, Viscose-No more than inn
mediate requirements need be covered.
-sSSAA OSaaoOAAiOAo oAAOhlQ Scblolt at
least early Summer requirements during
any recurring weak markets
Rubber-The purchase Of the next
several months requirements around
the present price of $40 cents Is ad-
v1Sed as q precautionary measure.
Longer term coverage should be delayed.
Rye-Forward commitments are not
necessary at this time.
Scrap Steel-Comfortab coverage Of
near-term requirements is advised.
Shellac-Commitments should be con-
fined to a hand-to-mouth basis.
Nfar-term requirements should
be anticipated during any further price
weakness.
,Silver-Coverag of industrial REQUIRE
ments at least six months ahead is ad-
vised.
-Steel-There seems no reason for
covering more than immediate needs.
Sugar-Purchases should not be ex-
tended beyond nearby requirements.
Tin-Coverage of six months require
mentS still is advised.
urpentine-ConsumerS should take
advantage of any weak markets to an
t1cipate early Summer requirements.
Wheat-Purchases should be confined
to immediate requirements.
Wool-Coverage of nearby needs only
is advised
zinc-Gradual coverage of require
ments beyond the second quarter Is
justified by current low prices.