FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

March 18, 1988

Baltic International Freight Futures ExchangePrev.

Close High Low Vol. Close

Apr. 1740.0 1757.0 1725.0 262 1712.0

July 1601.0 1625.0 1600.0 385 1579.0

Oct. 1617.0 1640.0 1617.0 159 1599.0

Jan. 1612.0 1630.0 1612.0 32 1594.0

Apr. 1635.0 1620.0 1620.0 1 1582.5

Total sales, 840 contracts.

*International Futures Exchange (Bermuda), Ltd.

*Quotes as of 2:00 p.m. Prev.

Bid Ask Last High Low Sttlng

Apr. -- -- 1712.0 -- -- 1712.0

July -- -- 1579.0 -- -- 1579.0

Oct. -- -- 1599.0 -- -- 1599.0

Jan. -- -- 1594.0 -- -- 1594.0

Vol. 0, Prev. Vol. 0.