Show N Y Y EXCHANGE CLOSING BANNED NEW YORK Feb 5 The Thc The governIng governing governing gov gov- committee ee of or the New York stock exchange says the New York Times limes has decided not to close the exchange before or during the reading reading read read- ing of at the supreme court decision on the gold clause suits The exchange however has empowered empowered em em- powered members of the committee tol nit price swings f if necessary to prevent a runaway market by temporarily temporarily temporarily tem tem- holding up transactions the thc Times says This is regarded by officials oUi- oUi dials daIs of the exchange as preferable to suspension of trading The decision not to suspend was re reached ched at a a. meeting of the board yesterday according to the Times and was believed to have been made with the knowledge kno of the federal securities and exchange commission which with the consent of the president president president dent has the p power to close all exchanges exchanges ex ex- changes during national emer- emer The Chicago board of trade has empowered its officials to suspend trading in stocks and commodities on 01 the day of the decision if it is delivered delivered delivered de de- livered during business hours The same power has been given iven the president president president dent of the Chicago mercantile ex ex- change A number of other exchanges including including in in- eluding the Chicago stock exchange have taken similar action |