Canada -- History -- Periodicals; Canada, Northern -- History -- Periodicals; Hudson's Bay Company -- Periodicals
The method of bidding at the fur auction is by what is known as the
"silent" system. The auctioneer usually starts the bidding himself at a
moderate figure and the buyers interested signify their bids by various
methods--such as by a nod, or a wink, or even a flick of the pencil;
sometimes indeed a buyer will merely look at the auctioneer whilst the
bids are being taken and only remove his gaze when his limit has been
exceeded. It is often amusing to notice the tactics adopted by two
bidders, each of whom wants a particular lot: one may perhaps be seated
in the front row and he will perhaps bid by _raising his eyebrows_; the
other (seated further back) will not look at the broker at all but will
narrowly _watch his rival's hat_ (the movement of which betrays the
bidding) whilst he records his own bids by _moving his little finger_!
As a rule, bids advance by a definite amount, which varies with the
value of the article in question: bids for beaver skins, for example,
may start at 50s. and advance by 2s. steps to 100s., beyond which the
advance is by 5s. steps; in the case of musquash an advance of 3d or 6d
per bid is sufficient. When demand is keen and bidding brisk, buyers
frequently discard the silent method, and the broker is assailed with a
chorus of "up! up!" from all parts of the room. As it is often difficult
in such cases to distinguish between bidders, the possession of a good
pair of lungs is a decided advantage for a buyer.
_Furs Sold at "Per Skin" Rate_
Most lots are sold "at per skin"--that is to say, when a lot of musquash
containing 1600 skins, for instance, is put up, the auctioneer needs to
register the price of only one skin--the value of the lot being 1600
times that figure.
Although sitting for weeks in the saleroom buying sundry lots of skins
from this catalogue and that may seem a dull job, yet the buyer with
imagination finds the fur trade fascinating. He realizes that the skins
he buys have taken months of patient toil and careful handling to
assemble from the uttermost parts of the earth.
To him, the sale mark "MKR" denotes not merely a particular quality of
fur, but suggests the mighty river of the great Northwest threading its
lonely way from the plains to the Arctic Sea. It is this sense of the
world-wide ramifications of the fur trade, and the knowledge that the
Company's organization has played, and still plays, a notable part in
its development that make one feel proud to belong to the Hudson's Bay
Company.
An American Account of an Ancient Selkirk Settlement Caravan
The Public Archives of Canada at Ottawa contain the following
characteristic description of a Red River Caravan from the old Selkirk
Settlement, as printed in the _Wisconsin Herald_ of September 15th,
1847:
Public-domain text, read in full here on John Shaqi.
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