Did you change the default settings for the figure wrap float inset after adding it to the document? If not, right-click the "handle" (where it says "wrap: Figure") and select "Settings". Change the placement to left, make sure the width is set appropriately, and make sure the "float" option is not selected. Of course, you also have to make sure the figure fits in the allotted space.
Vertical positioning is tricky - it is based on where the box appears in the text flow, rather than position on the page (meaning if you add or delete text prior to the box, it will move). Paul