Red flag (American slavery)
A red flag was a traditional signal used by slave traders of the United States to indicate that a slave auction was imminent. For instance a British visitor to Richmond, Virginia wrote in 1857, "Yesterday morning, I went down the street in which the hotel is situated, to two dirty-looking empty rooms, except for a few forms, and a stone block; from their doors hung out red flags, on which were affixed notices that so many negroes would be sold at ten o'clock."
Read on Wikipedia