Show Sugar Market NEW YORK Jan 39 28 Rv AP-Rv sugar was Quiet Saturday In the absence of business prices were at this this' for spots with additional offerings f level but local refiners showed no DO inter inter- eat above In futures initial prices were 1 poInt lower and a rather heavy tone prevailed liter later under liquidation and scattered t tand local antI and commission house PrIces cased another point or two with withIn March Marchin In the old contract o off from to and September from to In the new contract May sold at IM IMand and September eased from to The market closed at about the lowest and 1 to 2 points off In both contracts contracts- Sales in the old contract were HOC 2700 tonS and In the new tons In the old cry ery March closed at 1 7 MaY and 55 September In the new Mirth March closed at lM May and September to Refined was vai unchanged at atM M for pr fine with only A moderate Sugar futures closed harsh steady ig lower sales 1700 tons March l My May July lM bid September 3 00 bid December bid BUSINESS FACTORS NEW YORK Jan 25 23 StatisticS API-StatisticS IB- IB during the past week indicated moderate gains In business activity 1 log n to Moodys Moody's index i for rel ht car loadings electric power production and andare steel ingot These Index figures are ao adjusted for seasonal m- m that variation Is If the chalsie from the previous week should coincide with the normal seasonal change chance the lbs Index figure would be unchanged Carlds Be i Latest week 1109 i 8 Previous week 1100 Month ago 1097 S Year ago SiLl 1013 35 1914 high 1133 8 low 1007 MI I 1926 weekly average equals Copyright Copyright- 1035 b by Moody Moodys U. U S. S REPORT WASHINGTON Jan Jen 33 AP The po lion of lb on January a 24 was vaIl Receipts Receipts expenditures Ill net balance OU 4 customs receipts receipt for the month Receipts ReceIpt for the fiscal year since July 1 IV expenditures including of emergencY Jj excess of gold lold assets II- II |