The nearly 46-point drop in the Dow...

The nearly 46-point drop in the Dow Jones average Monday didn’t prevent several San Diego companies’ stocks from reaching new highs, according to Irving Katz, director of research at San Diego Securities Inc.

Imperial Corp. of America rose 2 7/8 to 14 1/2 after President Kenneth Thygerson made an optimistic presentation last week at a local stockbrokers’ gathering.

Also reaching a new high was Video Library, up one-half to 4 5/8. The company, which went public at 3 last year in a self-underwritten offering, will hold its first annual meeting as a public company today. It recently announced first-quarter earnings of 12 cents per share.

International Robomation also reached a new high, up 1 to 13, as it announced its fifth consecutive profitable quarter, with earnings of 6 cents per share in the first fiscal period.

Home Federal Savings & Loan rose three-eighths to 32 1/2. The thrift, said Katz, was recently ranked 10th in a listing of the most widely held institutional stock. More than 81% of Home Fed’s 20.675 million shares are held by institutions, said Katz.

PSA stock dropped seven-eighths in continued reaction to its public offering of stock in its airline subsidiary.

La Jolla Bancorp, formerly traded over the counter, made its debut on the American Stock Exchange last week, closing at 5, up from its 4 3/4 opening.

Cipher Data Products dropped 1 to 19 1/8, despite the announcement of its entry into the optical disc storage industry with the purchase of 90% of Optimem from Xerox for $6.3 million.

Fabulous Inns of America rose three-eighths to 3 1/8, as buyers appeared and the stock traded nearly 10,000 shares.

Price Co. dropped 2 3/4 to 51, despite receiving Value Line’s highest ranking recently. The publication called it the “premier vehicle for participation in the warehouse retail business,” said Katz.

Symtek Systems rose 1 to 19, as its backlog continues to build, said Katz.