Show 4 I I I SUGAR I II 4 I I 4 NEW YORK July 1 By l.-By By The As Associated As- As Associated Press New Press New low records for forthe forthe forthe the year ear were established in the ray sugar market early today with prices declining 16 1 to the basis of 4 SOc SOcon on the decline Sales were reported of bags of Philippines to an refiner renner for early July arrival The Issuance of ot five fie July notices and an easier London market Ld d to toa toa toa a renewal of general selling pressure in the raw sugar futures market dur dur- durIng during ing the forenoon session Stop loss orders were uncovered on the break which carried active C positions 4 to 7 points below b low the previous close but their execution a slight rally rall fol fol- followed fol- fol lowed hewed on covering and the market at midday was 3 to 6 points below b low the previous close No changes were reported In re re- re refined refined fined sugar bu the further decline In the spot market buying and little new business was as reported Prices are arc listed at for fine granulated |