issues gaining and two dropping.

Bank of Butterfield closed up 50 cents at $12 on volume of 9,630.

Bank of Bermuda dropped 50 cents to close at $18.50 on volume of 1,000 while Bermuda Commercial Bank rights closed down 25 cents at $3 on volume of 5,623.

Staples preferred gained 12.5 cents to close at $9.25 on volume of 3,200 while Belco gained 25 cents to close at $20.25 on volume of 100.

Bank of Bermuda 9% US nts.'01 gained 50 cents to close at 102.625 on volume of 50,000 units. Value of the trade was $51,313.

The index gained 1.45 points or .14 percent to close at 1,047.65 on volume of 19,553 worth $180,970.