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The Bermuda Stock Exchange Index dropped 7.30 points or .67 percent to close at 1,076.28 yesterday. Bank of Butterfield closed down 25 cents at $12 on

on volume of 571. Belco lost 25 cents to close at $20 on volume of 300 while Bermuda Home dropped 25 cents to close at $6.75 on volume of 191. Issues closing unchanged were; Bank of Bermuda, $19.50, 563, BF&M, $6.75, 1,045, Argus, $11, 400, and Bermuda Bakery, $18, 50. Share volume for the day was 4,337 with a share value of $47,048.