54 SELLING LATIN AMERICA 
owned by the Liebig Company and where the 
extract of that name is made,—kills over 
3,000,000 head a year. Very naturally meat 
by-products are produced and exported in 
large quantities. Much frozen and tinned 
meat is exported. Some idea of the enormous 
size of the cattle industry here may be gained 
when we are told that at the present time 
Uruguay has over 9,000,000 cattle, 30,000,000 
sheep, 800,000 hogs, 600,000 goats and 430,000 
horses. 
One of the leading industries is the shearing 
of wool, all of which is exported. The good 
climatic conditions, in connection with atten 
tion paid to breeding, have resulted in the 
production of a wool of superior length and 
texture and as a consequence wool-buyers from 
Europe are attracted to this market. In 1913 
the amount exported reached the enormous 
sum of $35,875,975. 
Despite the fact that Uruguay has no gold 
coin of its own, it is on a gold basis and its 
peso, or dollar, is worth almost four cents 
more than ours, or to be exact, $1,034. This