closing at $22.24 on volume of 1,290. The Bank of Butterfield fell by 50 cents to $31.50 on volume of 626.

Telco fell by 25 cents to $39 on volume of 510 and, in the only other trade of the day, BF&M nine percent preference stock remained unchanged at $117 on volume of 2,000.

The Exchange Index closed at 1,180.42 -- down by 0.23.