Salt Lake Telegram | 1932-06-14 | Page 3 | Standard Says Put off Buying

STANDARD ANDARD SAYS PUT OFF BUYING The he following suggestions as to a purchasing policy for various important important tant commodities are arc contained in a current bulletin of or the Standard Statistics Statistics Sta Sta- tics ti company of New York Brick The Brick The policy of covering only immediate needs should be continued Butter Advance accumulation does docs not appear necessary Cement Cement Pending Pending definite evidence that the price war can be ended forward forward forward for for- ward purchasing sing should be e deferred Cheese Little Cheese Little need exists for the satisfaction of other than current needs Coal bituminous bituminous-As As a general policy pol pol- policy icy there still is no need for purchasing ing more than immediate needs save in regions where labor troubles at atthe atthe the mines might cause temporary shortages es I Copper only Copper Only immediate requirements requirements requirements require require- ments should be covered Cotton Purchases Cotton Purchases should be limited limited limited lim lim- to immediate requirements Eggs The Eggs The accumulation of moderate moderate moderate ate reserve supplies now appears justIfied justified justified jus jus- on any well defined market weakness Flour Only term near requirements requirements require require- i ments should be covered Gasoline Purchase Gasoline Purchase should be sufficient sufficient suf suf- to maintain supplies severa several months in m advance depending upon individual needs needs- Hogs Little Hogs Little basis exists for the satisfactIon satisfaction satisfaction sat sat- of other than current needs Lard Lard No No more than current re requirements reqUirements requirements re- re need be covered Lead Lead Lead-It It is still too early to make purchases for other than immediate needs Lubricating oil Requirements oil for forthe forthe forthe the next three or four months should be c covered vered Lumber Lumber Coverage Coverage of more than current needs is not recommended at this time Oats Purchases Oats Purchases should be confined confined confined con con- fined to the fulfillment of current needs Paper Paper It It is still inadvisable to contract contract contract con con- tract for more than immediate needs Pig iron Only iron Only term near requirements requirements requirements require require- ments need be covered Rayon acetate Purchases acetate Purchases should be limited to immediate require require- ments Rayon Forward Forward purchasing ing is not advised Rubber Stock Rubber Stock requirements for lor forthe forthe the next six months should be main main- Scrap steel steel Purchases Purchases should be confined to term near-term requirements Silk Silk Additional Additional forward purchasing ing should be deferred pending clarification clarification clar car of the Japan Japanese se currency policies Silver Silver Maintenance Maintenance of commitments commitments commitments commit commit- ments for six months In advance is still sUJI justified Steel There Steel There Is no necessity for covering more than immediate re re- Sugar Sugar Commitments Commitments should be confined to immediate requirements Wheat Wheat Contracting Contracting for immediate requirements only is advised Wool Wool Only Only immediate needs should be c covered Zinc Zinc Under Under present conditions it itIs itis itis is not necessary to cover more mote than immediate requirements