volume of 11,082 shares, valued at $127,236.

Telco fell 25 cents to $37.75 on volume of 1,000. Masters Ltd. fell 50 cents to $7 on volume of 854.

The only stock moving up was Island Press Ltd. 8% Preference shares, which gained 50 cents to $4 on trading of 1,097 shares.

Others trading unchanged were Bank of Bermuda Warrants, 312 at $3; Bermuda Home 8% Pref., 6119, $11; Hemisphere 9.75% pref. shares, 1,400, $5.625; and BF&M 9% Preferred, 300, $10.

Chart -- Page 10