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In a week with one listing dropping $4.25 and and a management company trading for the first time, the Bermuda Stock Exchange closed down 18.07 points or

volume of 568 dropped to $26.25. Meanwhile, the Hemisphere Group listed its common and preferred shares with the latter closing at $5.50 on volume of 3,500. The former did not trade. Bank of Bermuda closed unchanged at $19.50 on volume of 2,666 while Bank of Bermuda warrants closed unchanged at $2.75 on volume of 2,000. Bermuda Home closed unchanged at $6.75 on volume of 211.

Bermuda Press Holdings closed unchanged at $8 on volume of 20. BF&M 9% conv.

cum. red. pref. closed unchanged at $9.50 on volume of 1,400. Bermuda Bakery closed up 50 cents at $18 on volume of 578. Telco closed up 50 cents at $37 on volume of 1,117. BF&M closed up 37.5 cents at $6.875 on volume of 27,500.

Island Press 8% cum. red. pref. closed down $1.50 at $3.50 on volume of 1,054.

Bermuda Commercial Bank closed down $1.125 at $10.50 on volume of 1,641. Bank of Butterfield closed down 62.5 cents at $12.50 on volume of 15,486. Chips closed down 25 cents on volume of 100 to $6.25. Argus closed down 50 cents at $10 on 130. Share volume for the week was 57,971 with a share value of $560,611.