P123 EJEFA( Q27 We$ 2: Dec 13:09/30 %^T.+^T.%/,.+ WALL STREET/DOW JONES IVDEX Tuesd!y Close - 11.68 at 1,058.87 Stock prices gave ground, hesitating after the rally that lifted the Dow Jones to a record high on Mond!y. Trading on the New York stock exchange was interrupted jot !bout 40 minutes by a small fire that forced evbcuation of the trading floor "ut caused no injuries. Before the market opened, New York's Chase Manhattan Bank lowered its prime rate from QQ.5 to 11 0er cent. T WORLD MARKETS 126 P123 CEEFAX 123 Wed 29 Dec 13:12/49 1/3 TOPICS, BIDS & DEALS The Hongkong & Shangh!i Banking Corp and the Chartered Bank have announced they are cutting the Honk Kong prime rate by half a point to 10.5pc, effective on December 30. The Honk Kong association of "anus has s!id it will cut deposit rates "y up to half a percentage point from the s!me date. SHARE FEATURES 132 P123 CEEFAX 123 Wed 29 Dec 13:10/10 2/3 TOPICS, BIDS & DEALS The merger document for London Brick and Ibstock Johnsen has "jen posted. Ibstock s!id the performance of its UK "rick division has continued to improve and profits will show a significant increase, "ut US brick-making will show a loss, despite a "ester second half. Overall, Ibstock expects to report a pre-tax loss of around £1.5m for the year. * Talks involving the whole of the Dutch brick industry about cutting capacity are well advanced. SHARE FEATURES 132 P123 CEEFAX 123 Wed 29 Dec 13:17/41 3/3 TOPICS, BIDS & DEALS Turner & Newall is selling its 63.4pc stake in the US group Philip A Hunt Chemical Corp to the Olin Corporation for $25 a share or $90m (around £5.5m). Compeletion of the deal is expected in the first quarter of 1983 and Turner will use the proceeds to reduce debts in the USA and throughout the group as a whole. CITZNEWS DIARY 139