Monday, Sep. 06, 1926

For $7,000,000

M. Boris Kraevsky, Soviet Commercial Agent to South America, cabled jubilantly last week to Moscow. He had just secured the first de jure recognition of Soviet Russia by a South American state-- Uruguay. To newsgatherers he said: "My mission consists purely in establishing commercial relations between the U. S. S. R. (Union of Socialist Soviet Republics: Russia) and South America. . . . Yes, I have installed a central office in Buenos Aires. . . . During the past eight months our purchases of Uruguayan products have totaled $7,000,000."