Show I BOTTOM DROPS 1 I FROM MARKETS Sugar Reaching New Nev Low Lov Levels NEW SI Sept 1 1 l. Whether lh the h I price of oC sugar after arter Its Us quick decline of or last lant la t week haa reached bottom or is 15 due duo for further drops kops was the Iho subject of ot conjecture yesterday among dealers dealer some lome of ot whom aro are said to stand tand to lows load O heavily If It additional breaks bro occur Tho consensus of opinion traders was that many losses were not notto notto notto to be expected All agreed that profits would be 00 materially tJ curtailed and In some cases would have havo to be foregone completely to avoid more serious consequences consequences con con- sequences should lessened demand I force the market still lower The Tho bottom fell rell out of the market I one large larse dealer said yesterday c shortly short short- ly after the demand for domestic consumption consumption con con- and export failed tailed to absorb huge huse quantities of oC sugar which poured in from rom nearly every country Including Including ing inS China Japan and central European points such fluch as J. J tho the Balkans and C Can Cre- cho- cho cho From Krom a high of over 25 5 cents for refined sugar the price gravitated rapidly to 17 with frequent offerings at 15 Hi cents from speculators who fear Cear the end of the tho decline has not beet beer reached Yester Yesterday y ono one refinery yielded to continued pressure cutting to 16 cents for fine tine granulated or 1 I cent under other refineries and about 8 cents below highest prices of ot tho the summer The Tho best bid for Cuban raw sugar was wa 8 cents cost and freight The Tho early summer high for the same sarno commodity commodity commodity com com- was 23 3 cents A general unsettling of or the trade with a return to profit scales of oC t two o years cars a ago o would be the th most noticeable noticeable notice notice- able consequences It was predicted |