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AUDITORIUM MAY BE SAVED SAVEDThe The Auditorium consisting of the famous theater of another era the hotel and ten story office building has been given a months reprieve from the planned demoli ¬ tion which was to get under way shortly after June 30 An arrangement was dis ¬ cussed Friday at a luncheon by the Uni ¬ versity Club whereby the old structure would be operated as a nonprofit music founda ¬ tion