$0.25 to close at $6.50 on a volume of 2,000.

The exchange's index fell back 2.68 points to close at 1,170.92, a drop of .23 percent.

All three insurance stocks saw trading action but all were closed unchanged.

Argus Insurance Co. Ltd. traded 1,000 at $10, BF&M Limited traded 200 shares at $6.75 and BF&M 9 percent preferred traded 200 shares at $10.

Other stocks traded included the Bank of Bermuda, trading 650 to close at $22.625 down $0.125; Bank of Bermuda 9 percent US$ Nts.'01 fell $0.625 after trading on a volume of 500,000 to close at $106.5.