FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

April 5, 1988

Baltic International Freight Futures ExchangePrev.

Close High Low Vol. Close

Apr. 1635.0 1655.0 1635.0 162 1631.0

July 1532.0 1540.0 1523.0 117 1523.0

Oct. 1565.0 1575.0 1560.0 56 1550.0

Jan. 1545.0 1545.0 1535.0 11 1535.0

Total sales, 346 contracts.

*International Futures Exchange (Bermuda), Ltd.

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

Bid Ask Last High Low Sttlng

Apr. -- -- 1570.0 -- -- 1570.0

July -- -- 1422.0 -- -- 1422.0

Oct. -- -- 1437.0 -- -- 1437.0

Jan. -- -- 1405.0 -- -- 1405.0

Vol. 0, Prev. Vol. 0.