Exchange.

Telco closed down $1.125 at $36 on volume of 605.

Issues closing unchanged were; Bank of Butterfield, $10.125, 7,713, Belco, $19.75, 2,059, Argus, $10.50, 2,253, BF&M preferred, $8.75, 502, and Bank of Bermuda warrants, $2.25, 426.

The index lost 2.48 points or .25 percent closing at 978.58.

Shares volume was 13,558 with a value of $169,846.88.