volume of 3,301 yesterday, valued at $82,512.50, as two issues declined.

Bank of Bermuda closed down 25 cents at $35 after 1,795. Bermuda Commercial Bank closed unchanged at $5 after 1,050 shares changed hands.

BELCO Holdings Ltd. finished down 75 cents at $23 on a volume of 100, while Bermuda Telephone Co. Ltd. remained unchanged at $34.875 on trading of 356.