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LOCAL UPDATE

985.95 on a share volume of 6,851, valued at $94,068.50.The index was nudged up when Argus Insurance traded up 25 cents at $10.875 on a volume of 1,000. The other six issues traded unchanged.

985.95 on a share volume of 6,851, valued at $94,068.50.

The index was nudged up when Argus Insurance traded up 25 cents at $10.875 on a volume of 1,000. The other six issues traded unchanged.

A total of 530 Bank of Bermuda traded at $18.75; 1,199 Bank of Butterfield at $9.75; 1,069 Bermuda Home at eight dollars; 965 BF&M 9% Conv. Cum. Red. Pref.

at $8.75; 1,854 BELCO at $19.625; and, 234 Telco at $35.50.