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private-wire house. In DICTIOUS you will not only get to know all the dictionary meanings for the word
private-wire house, but we will also tell you about its etymology, its characteristics and you will know how to say
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English
Alternative forms
Etymology
1894, due to these brokerage companies owning or leasing telegraph lines (which occurred since 1873), so that market information could be transmitted more quickly.
Noun
private-wire house (plural private-wire houses)
- (Canada, US, finance, obsolete) A brokerage company with a telegraph line, telephone line, or electronic communication network.
- 1894, “Chicago Was Afraid of Wall Street”, The New York Times, February 10, 1894, page 2:
- All the private-wire houses were active on the selling side, those most talked of in connection with the Wall Street bull interest being the most active.
1895, Forest and Stream,, volume 44, page 463:Commission men, as a rule, will not accept discretionary orders. Their risk is great enough when directions are explicit. The following is the eloquent plea made, in a letter to a private-wire house, …
Derived terms
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