Get a much as you can store!!!
Paul:
Elm is one of my favorite local woods - I try to get as much as I can stockpile. The color and figure are very pleasing, and people like the fine scale complexity of the grain patterns. The wood is easy to turn, not too hard on your tool's edges, is fairly stable, is not prone to ring shake or excessive tear-out with sharp turning tools, sands fairly easily without resin build-up, and it takes finishes (both oil and film) quite well. I always have at least 4 or 5 rough-turned pieces in elm in various stages of being finished at any time, and I have quite a few 'pre-blanks' in storage ready for mid-winter turning. I suggest you get as much as you can store easily, and/or share it or trade it for other wood species with other turners. It's a great turning wood, although you may not appreciate the "interesting" odors some species give off!
Turn safely,
Rob Wallace