Messrs. Spunt & Rosenfeld's weekly cotton market report, dated March 9, say:
Since our last circular was issued, the cotton market opened quite firm with a good demand both from local mills and exporters, and something between 30,000 and 40,000 piculs have changed bands at advanced rates. Arrivals from the interior are very small, showing large decline when compared with last year, The damage to the China crop this season now appears to be much greater than what was computed previously, and while a considerable portion of the shortage is being replaced by northern cotton, together with imports from India, we are of opinion that during the months of July. August and September the scarcity will, if anything, be more accentrated that at present, and would therefore be advisable for our friends to be provided against any such contingency. Tone of the market, firm.
Text read from the printed page and cleaned; old type leaves the occasional error.