WAR AGAINST RED OIL will be waged by Western oil companies to prevent Russian crude from entering their markets. Three companies (Shell, Standard Vacuum, Caltex) told India they will not refine Russian crude oil sold to Indian government. Standard Oil Co. (N.J.) warned owners and tanker brokers, in effect, it will not do business now or in future with anybody who charters or sells tankers to the Soviet Union or its satellites.

DIVIDEND INCREASES by U.S. corporations in June were less than year ago, even though more companies increased dividends in first half than last year, reported Standard & Poor's Corp. Outlook: fewer dividend increases in the second half because earnings gains have fallen short of early 1960 expectations.

DISNEYLAND INVESTMENT by American Broadcasting-Paramount has paid off handsomely. Company sold its 35% stock interest, purchased for $500,000 in 1954, to Walt Disney Productions for $7,500,000 in cash and notes.

CASTRO'S ADMAN who ran U.S. campaign to try to lure dollar-filled tourists to Cuba is suing Cuban government for more than $100,000 in unpaid bills. Armed with a court writ, Miami's Harris & Co. Advertising had sheriff seize a Cuban Aerovias at Fort Lauderdale, is trying to seize all Cuban property in Florida, including bank accounts.

LUNCH COUNTER VICTORY was won by Negroes in Charlotte, N.C., second city in state to agree to serve whites and Negroes alike (first: Winston-Salem). In Knoxville, Tenn., three stores (Miller's, Sears, Roebuck & Co., and Rich's) closed lunch counters permanently because of sit-ins. Texas' J. Weingarten, Inc., with 45 lunch counters in its supermarkets, is installing automatic equipment in some for integrated stand-up lunches.

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