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LOCAL UPDATE

Telco jumped $2 to close at $38.50 on volume of 2,600.Bermuda Bakery closed up $1.50 at $20 on volume of 2,000.

Telco jumped $2 to close at $38.50 on volume of 2,600.

Bermuda Bakery closed up $1.50 at $20 on volume of 2,000.

Bermuda Aviation closed unchanged at $3 on volume of 1,700.

The exchange gained 4.90 points or .47 percent on volume of 6,300.

Share value was $145,200.

Bermuda Computer Services announced a dividend of 20 cents per share payable October 13 to shareholders of record September 30.

Bermuda Bakery announced a dividend of 22 cents per share payable October 16 to shareholders of record September 29.

Watlington Waterworks announced a dividend of three and one-half cents per share payable October 17 to shareholders of record October 2.