points to close at 1161.21. Trading was heavy.

Bank of Butterfield shares fell by one-eighth of a dollar to close at $28 on volume of 1,128.

Also dropping was Belco which close down 25 cents at $19.75 on volume of 700.

Bermuda Broadcasting Company gained one-eighth of a dollar to close at $5 on a volume of $250.

Other stocks traded were Bermuda Computer Services which also gained one-eighth of a dollar to close at $14.75 on a volume of 1,000.

And Bermuda Fire & Marine gained five cents to close at ten cents per share, with shares worth $60 being traded.

Argus Insurance Company traded unchanged, staying at $11 on a volume of 8,455.

Also unchanged were the common stocks of the Bank of Bermuda, which closed at $23 on a volume of 1,304 and the Bank of Bermuda's nine percent preference stock, which stayed at $1075 on volume of 50,000.