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Local Update

Just one equity -- Hemisphere Preferred shares -- traded, gaining 25 cents to close at $7.50 on volume of 515 shares.

the Index's components changing hands.

Just one equity -- Hemisphere Preferred shares -- traded, gaining 25 cents to close at $7.50 on volume of 515 shares.

Belco 7% first mortgage notes also traded unchanged at $101 on volume of 100 units.

Total value of trading was $13,962.50.