Show Sugar Market NEW YORK Aug 27 21 AP AI ReductIon API-ReductIon Reduction of United States State Import quotas quola had a pronounced effect upon sugar sua prices Tuesday Tuesday Tue Tues Tues- day and both raws raw and futures advanced sharply With Wih Cuban and other trade buying active ac ethe e- e the tive domestic futures were 4 to 5 points point higher In late trading despite a 4 point reaction from the high of the day The demand readily absorbed liquidation profit taking and aDe hedging September sold at and May a Spot raws raw advanced 9 points over pre previous previous pre pre confirmed business to 0 a price of for Philippines Puerto Rico and Sod Cubas sold at 0 p Refined 1 ed The T was s unchanged trade noticed locally Ic less at presure pressure pre pres r sure surp from off oc shore hore offerings World sugar SUja futures were 54 1 to 1 higher on scattered covering but were le Idle Ie December sold at 73 s and March 1311 18 7 Futures No 3 closed 4 41 5 higher September bid January y bid March 1 S 83 bid No 4 futures future unchanged to V 4 I higher September 69 bid December s bid hid March 77 bid C I 1111 |