Meaning of private-wire house | Babel Free

Definitions

A brokerage company with a telegraph line, telephone line, or electronic communication network.

Canada, US, obsolete

Examples

“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.”

“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, …”

“Edward Leland of the firm of Leland Ware, which in its line did the biggest private-wire business in the country, was expelled from the Chicago Stock Exchange today on the general charge of indulging in methods detrimental to the interests and contrary to the rules of the institution of which he had been a member only a year.”

CEFR level