INCREASED DIVIDENDS aregoing to shareholders in many companies. Chrysler announced 50-c- per share extra dividend, Union Pacific 40-c- per share, Santa Fe 25-c- per share. American Motors raised its quarterly dividend from 25-c- to 30-c- per share; Armour raised its from 30-c- to 35-c- 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 social clubs. Revenue bureau is cracking down on clubs that have too much income from rentals of club facilities for outside functions, a device used by many clubs to keep dues down. Taxmen cited a club that made 25% of its income from rentals, said it would have to pay full tax on all its income

CIGARETTE SMOKING will hit a new record this year for the fourth consecutive year--475 billion cigarettes, up 4.8% from 1959 says Brown & Williamson Tobacco Corp. President William Cutchins.

NEW NAVY ATTACK PLANE, the Intruder, will be built by Grumman Aircraft under a $70,100,000 contract. The twin-jet plane is first U S ship to tilt tail pipes downward so jet blast can help lift it off carrier.

TRADING-STAMP BAN won a state Supreme Court test in Wyoming, first state in 40 years to uphold a law outlawing stamps. Said the Wyoming court: "The lure of trading stamps is an evil" because it discriminates against small merchants.

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