FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

April 14, 1988

Baltic International Freight Futures ExchangePrev.

Close High Low Vol. Close

Apr. 1533.0 1545.0 1532.0 123 1543.0

Apr. 1521.0 1535.0 1518.0 105 1533.0

July 1422.0 1450.0 1418.0 309 1443.0

Oct. 1450.0 1480.0 1450.0 126 1483.0

Jan. 1445.0 1460.0 1450.0 31 1475.0

Total sales, 581 contracts.

*International Futures Exchange (Bermuda), Ltd.

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

Bid Ask Last High Low Sttlng

Apr. 1545.0 1545.0 1545.0 1545.0 1545.0 1545.0

July -- -- 1443.0 -- -- 1443.0

Oct. -- -- 1483.0 -- -- 1483.0

Jan. -- -- 1465.0 -- -- 1465.0

Vol. 3, Prev. Vol. 0.