Stock Exchanges To Close at 2 P.M. For Rest of Week; Stock Exchanges to Close at 2 P.M.
NYSE and ASE to close at 2 PM for rest of wk, 90 mins earlier than usual, in move to ease backlog of paper work caused by heavy stock vol; NYSE vol running at about 10-million shares a day, up sharply from former record rate of 7.5-million in '66; NYSE and ASE acct for 91% of all dollar vol on nation's exchs; Midwest, Pacific Coast and Boston exchs will also cut hrs 90 mins for wk; some brokerage firms oppose move, prefer closing exchs 1 day a wk