Time Clock, Dec. 12, 1960

INCREASED DIVIDENDS aregoing to shareholders in many companies. Chrysler announced 50¢ per share extra dividend, Union Pacific 40¢ per share, Santa Fe 25¢ per share. American Motors raised its quarterly dividend from 25¢ to 30¢ per share; Armour raised its from 30¢ to 35¢ per share.

AIR FARE INCREASES will get a friendly reception from the Civil Aeronautics Board. In making permanent three temporary increases, CAB said airllnes should ask for higher fares if they do not earn 10.5% on their investments. Average return now: 3%.

COUNTRY CLUB DUES may go up because of new Internal Revenue ruling on all nonprofit...

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