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The clipping this text was read from
The clipping this text was read from

eral bidders did not know what other had offered. This is akin to today's sealed bidding. A “dumb bidding* was the name given to proceedings at which a price was put by the owner under a candlestick,and it stipulated that unless bids equalled or passed that under the candlestick the item was not sold. At a “Dutch auction" a price is set then successively lowered until one is accepted.

In later years in England auction notices were posted or advertised and open to the public. Our ^uction practices are much the Bame as these. Virginia’s tobacco auctions are noted over the country and livestock auctions are a going business in this state as well as others. Estates are often settled by auctioning land and

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