MANUFACTURING: Ladies Paid Off

At 12:45 p.m. on the last day of last year an agent of Manhattan underwriters Blyth & Co. strode into Chicago's First National Bank, nipped a check for $4,555,909 at the wide-eyed receiving teller. Thus did Milwaukee's widowed, 75-year-old Ella M. Kearney and her two daughters get hard cash for their 50% stock interest in Kearney & Trecker Corp., maker of 30-35% of all U.S. milling machines.

No fear for the company's future prodded the Kearney family into selling their half of K. & T. Instead it was the fear of much stiffer...

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