102  SELLING  LATIN  AMERICA

“Lp.”  meaning  Libra  Peruana,  or  Peruvian
Pound.  A  sole  contains  ioo  centavos,  or  cents.
Peru’s  exports  in  1912  were  $45,871,504,
and  her  imports  $25,066,354,  the  bulk  of  the
business  being  done  with  the  United  Kingdom,
the  United  States  being  second.  Within  the
past  five  years  the  exports  from  and  imports
to  the  States  have  materially  increased  and  are
rapidly  approaching  those  of  our  greatest  competitor, ­
  England.  This  is  due  perhaps  to  the
development  of  the  mining  industries,  under
the  control  of  American  capital.  In  1910,
England  shipped  Peru  $8,134,189  worth  of
goods  to  our  $4,484,214  and  Germany’s  $3,-842,855.
  In  1912  the  figures  were  as  follows,
England  $6,800,708,  United  States  $5,763,423
and  Germany  $4,557,698.  Undoubtedly  the
figures  for  1913,  when  available,  will  show  a
decided  further  gain  for  us.
Peru  exports  copper,  gold,  silver,  mercury,
vanadium,  bismuth,  cocaine,  quinine,  wool,
sugar,  petroleum,  hides,  hats  and  guano,  and
imports  textiles,  mining  machinery,  oil  ma-