URUGUAY 55 is a decidedly unusual state of affairs for Latin America, and reflects favorably on the finan cial condition of the country. There is much English capital invested here, and to a large extent trade is in the hands of Englishmen. Many German and Italian houses are represented and these nationalities are also becoming interested in local enter prises. Uruguay exports wool, hides, horn, hair, meats and meat products, grease tallow, grain and cereals, the total amount expressed in fig ures for 1913 being $65,142,000. In 1913 she imported goods to the value of $50,666,000, the leading items being food stuffs, iron, steel, glass, china, wooden prod ucts, oils, chemicals, medicines, stationery, toilet articles, tobacco, textiles, shoes, hats, and silks. While commercial travellers are supposed to pay a yearly license of $100, still this can be waived by making the proper connection with some local dealer or commission house. The following cities should be visited: