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The representatives
from the Fox Breeders Association would go to the auction sale to protect
the goods on the market. He would bid against the trade and he would
have limits of what the values were put on it at the association office.
He’d have a record of that limits and markets catalogue with everything
allotted it in as to the price he had to get. Say a lot was bid at one
hundred and twenty five dollars and we had then valued at one hundred
and fifty he would just indicate to the auctioneer as it was all done
by signals they didn’t bid like the buyers did. The auctioneer
would keep and eye on him and he would bid it up then and the other
fellow then (the buyer) would go another bid… 130, 135, 140 and
they would usually come up to the list price but sometimes they wouldn’t
and the representative of the association had the discretion to let
it go at their top offer or say they got 145 on a one hundred fifty
dollar lot he’d let it go. Sometimes it would get up to one hundred
sixty as an illustration of how it worked. That was quite successful
for awhile and it was found to be of interest to individuals to start
up a consignment house and one that developed was the PEI fur pool and
it was operated by Mr. Peter G. Clark who was a member of the Fox Breeders
Association and was very active up until that time when he started his
own marketing business and then there was … instead of coordination
there was competition. |
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