Two species of halfbeaks, ballyhoo, Hemiramphus brasiliensis, and balao, H. balao, form the basis of a relatively small but valuable bait fishery in southeastern Florida. Halfbeak landings increased rapidly in the late 1960's but are now relatively stable (about 450,000 kg or 1 million lb annually), and their ex-vessel price is about $600,000. Fishing methods, which had changed in the late 1960's when landings increased, have changed little since the 1970's. Data from a fishery-dependent survey (1988-91) show that catch rates were highest from October to February, when catches were dominated by large ballyhoo (>200 mm or 8 inches fork length (FL)); rates were lowest from May to September, when catches contained both species in more equal numbers and the size range was greater (about 150-250 mm FL) than it was for winter landings. There was little bycatch, and only flyingfishes (Exocoetidae) and needlefishes (Belonidae) occurred consistently. Comparisons of the 1988-91 data with similar data reported from 1974 indicated that halfbeak populations have remained relatively stable
