EXCHANGE UPHELD ON BROKERS' FEES; Court Backs Big Board on Fixing Commission Rates
NYSE right to set minimum comm rates with SEC sanction upheld by Fed Ct, Kaplan suit; Hoffman dismisses suit in summary judgment; indicates ruling against exch would disrupt orderly securities mkt intended by Cong in '34 SEC Act; sees no need to resort to antitrust laws 'since rev is afforded within system of securities regulation'; ruling seen victory for both NYSE and SEC; latter has no formal comment; NYSE pres Funston 'delighted,'