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Messrs Coats, the famous threadmakers of Paisley (Scotland), report a poor year, their profits having declined by £300,000 compared with the previous year, wherefore they were unable to pay a bonus, as against one shilling per share last year. The actual profits for the past year amounted to the insignificant sum of £2,634,338 sterling! Nothing was placed to the reserve fund, but £1,016,493 was carried forward. FIRST WOOL SALE. The first local wool sale of tho season was held in the Art Gallery Hall yesterday, when 15,869 bales were offered. Tho record price for the Dominion (ISJd) was obtained for 72 bales of Mr T. A. Pannolt's Hill 'Springs clip—namely, for 16 bales super quarter-bred wether and 56 bales super half-bred wether, offered by the National Mortgage and Agency Company. The Dunedin Woolbrokers’ Association report us follows: The attendance of buyers was good, but hot as large as we have been accustomed to of late, as the restrictions which are now in force on account of the war prevented Continental and American buyers from operating. Although many lots of the clips offered opened up well, yet there was a noticeable dullness in the appearance of tho hogget wool this year, and competition on this description suffered accordingly. Talcing tho sale all through, it must bo admitted that the bidding was irregular. The demand for merinos was confined to local mills, and they reserved their competition for the higher grades. Seeing the uncertainty of the market, must venders were disposed to sell their wool, except ini cases where there was a decided want of competition, which accounts for a number of lots being passed in. -Super quality wools, both half-bred and cross-bred, were well competed for, and realised good prices, as will be seen from the under-noted range of values; but the competition for heavy-conditioned wools was iu most instances disappointing. Values for medium quality were fairly well maintained, but for the lower grades there was not the same competition as has been experienced at our sales of late, as the absence of the Continental competition was strongly felt on those wools, also on medium to good pieces. As the sale this year was held a week later than usual, anti yesterday’s catalogues contained many clips that are offered at the January sales as a rule, the comparison of prices of the sale has been made with the December and January- sales of last season;

AUSTRALIAN PRODUCE REPORTS. Press Association—By Telegraph—Copyright. , SYDNEY. December 23. Oats : Tasmanian, 4s 3d; New Zealand, 4s 3d to 4s 4d. ’Barley : English, 4s 6d; Cape feed, 4s. Maize. 4s 8d to 4s 9d. Potatoes i Tasmanian, £l2 10»; local, £ll to £l3. Onions: Victorian, £l3; local, £9 to £lO. Butter : Selected, 112s; seconds, 102 ato 104s. Cheese, 5Jd to 6d. Bacon, 9d. ADELAIDE. December 23. Wheat. 6a 3d. Flour, £l2 17s 6d to £l3, Bran and pollard, £ll 10s. , THE TALLOW SALES. THE WHEAT SUPPLY. Press Association—By Telegraph—Copyright. LONDON, December 23. (Received December 24, at 9.15 a.m.) At the- tallow sales 587 casks were offered, and 481 sold. Prices are unchanged. Wheat.—Tho American visible supply is 122,306,000 bushels. THE METALS MARKET. Press Association—By Telegraph—Copyright. LONDON, December 23. (Received December 24, at 10,55 a.m.) Copper.—Spot, £56 17a 6d; three months, £57 ss; electrolytic, £6O 15s. Tin.—Spot, £143 15s; throe months, £142. Silver, 22Jd per oz. Tho darker the tobacco the less it bites the tongue. FULL DERBY combines smoothness with a degree of nuttincss and richness nob 'found in any other smoke. In plugs or 2oz 1 tins. Try itl-iAdvtJ

NATIONAL Press Association—By Telegraph—Copyright. MELBOURNE, December,24. The National Mutual Life report shows that expenses bore: a .lower percentage to income than in any previous year. MELBOURNE MARKETS.. Press Association—By Telegraph—Copyright. MELBOURNE, December 24. Wheat, 6s 9d. I 1 lour, £l4. Oats, 4s to 4s lid. Bariev; English, 5s 9d to 6s; Capo, 4s 3d to 4s 6d. Maize, 4s 10s. Bran, £9 15s. Pollard, £lO ss. Potatoes (new), £9 to £lO 10s.

—Merino.— Dec.. 1913, and Jam, 1914, Dec. , 1914. d. d. d. d. Super . ... 12 to 133 to 133 Medium tu good 10 to 111 10 to 103 Inferior .. . ... 7i to 9i 74 to 94 —Hal f-hred.—■ Super ... 114 to 14 124 to 151 Medium to good 10 to 113 104 to 12 Inferior .. , ... 8 to 9 ■ 84 to 10 —Cross-bred.— Super . ... 10 to 113 lOi to 12 Medium to good 83 to 10 83 to 10 Inferior .. . ... 7i to 84 Y to 84 —Pieces. — Super . ... 91 to 113 10 to 13 Medium to good 71 to 9 71 to 94 Inferior . ... 5 to 64 5 to 61 Locks . ... 54 to 6 oj to 6|

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COMMERCIAL., Issue 15684, 24 December 1914

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COMMERCIAL. Issue 15684, 24 December 1914

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