Evening star., 1932-03-05
COMMODITY BUYING.
POLICY SUGGESTED.
Statistics Company Bulletin
Lists Prospects in Various
Raw Materials.
Special Dispatch to The Star.

NEW YORK, March 5.-The follow
ing suggestions as to a purchasing
policy for various important commodi-
ties are contained in a current bulletin
of the Standard Statistics Co. of New
York:
Barley-ExtenSion of commitments
beyond known nearby requirements is
not necessary at this time.
Brick-Coverage of current needs
only is advised.
Burlap-Needs should be protected
three to six months in advance, utiliz-
ing periods Of market weakness for this
purpose.
Commitments should be con-
fined to near term requirements.
Cement-A hand-to-mouth purchas-
ing policy is advised.
Cheese-No present incentive is seen
for the purchase of other than imme-
diate requirements.
Coal, Anthracite-Other than handr
to-mouth purchasing is not warranted
now.
Coal, Bituminous-Co of indus
trial requirements beyond the Spring
months is unnecessary.
Cocoa-Accumulation of at least six
months requirements is advocated, in
the event of recurring weak markets.
Coffee-Advantage should be taken
of possible weak markets to protect
three or four months needs.
Copper-Coverage of industrial needs
should be limited to the initial half of
the year
Corn-Future contracting should be
limited to nearby requirements.
Cotton-ConSumers who have fol-
lowed previous recommendations are
amply protected on near term require
ments. Further coverage should be
delayed for the present.
Cottonseed oil-Needs may be pro-
tected three to four months in advance,
should weak markets develop.
Eggs-Purchases should be made for
near term requirements only.
Flour-Protection of several months
requirements would be warranted on
any well defined recessions from pres
ent price levels.
Gasoline-No more than comfortable
coverage of near term needs Is advised.
Hides-Prevailing low prices provide
favorable opportunity to complete
coverage of requirements for at least
the next six months.
Hogs-A gradual extension OF pres
ent holdings is justified, although heavy
accumulation is not recommended.
Jute-Gradual accumulation of re-
quirements for the first half of the
year is advised, during possible periods
of market weakness.
Lard-Forward contracting is advised
only in the event of well defined re-
cessions from current levels.
Lead-Coverage of requirements
through the second quarter of this year
should be completed
Linseed Oil-Def1ated prices warrant
policy of adding moderately to pres
ent holdings, should further weakness
occur.
Lubricating oil-Coverage of require
ments for the next month or two only
Is advised
Lumber-Only immediate require
ments need be covered at this time.
covering other than near term require
ments.
Paper-Only known near term re-
qulrementS need be covered
Paraffin Wax-An extension of COM
mltments three to six months in ad-
vance OF immediate needs is advisable,
taxing full advantage of any conces-
slons In effecting purchases.
petroleum - Purchases of crude
should be limited to nearby require
ments.
Pig Iron-Only near term merchant
iron requirements should be satisfied
for the present.
Rayon, Cellulose Acetate-A hand-to-
mouth buying policy is advisable.
Rayon, Viscose-No more than near
Term requirements should be covered.
Hosln-Extension of commitments
beyond the end of the current season
Is not advised at this time
huooer-Coverage of about three
months requirements around 4 cents q
pound is advised.
Rye-Purchases should be confined to
nearby needs.
Scrap steel-Coverage of near term
requirements Is warranted at this time.
Sneliac-Purohases should be confined
to near term needs.
Sllk-No more than comfortable COW
erage OF near term requirements should
be made
Silver-Current prices warrant ac-
cumulation of six months reoIirements
Steel-Only immediate reulIirements
Tor most products should be filled since
the general price structure is stilI un
settled.
Sugar-Only reasonable near term re-
quirements should be covered.
Purchases to cover REQUIRE
ments six months ahead are advised
Observation-Disclosures of needs be-
yond April l is not warranted now.
Wneat-Covering several months re-
quirements at lower prices has been pre-
Vlously advised. Additional commit
ments are not warranted at current ad-
vanced levels.
Atnc-Completion OF purchases for in
dustrsal needs through the second quar-