FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

April 19, 1988

Baltic International Freight Futures ExchangePrev.

Close High Low Vol. Close

Apr. 1439.0 1456.0 1437.0 42 1470.0

July 1285.0 1300.0 1262.0 439 1315.0

Oct. 1350.0 1360.0 1328.0 288 1365.0

Jan. 1350.0 1350.0 1320.0 74 1360.0

Apr. 1385.0 1390.0 1385.0 10 1430.0

July 1250.0 1250.0 1250.0 2 1290.0

Total sales, 855 contracts.

*International Futures Exchange (Bermuda), Ltd.

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

Bid Ask Last High Low Sttlng

Apr. 1400.0 1400.0 1400.0 -- -- 1470.0

July 1200.0 1200.0 1315.0 -- -- 1315.0

Oct. -- -- 1365.0 -- -- 1365.0

Jan. -- -- 1360.0 -- -- 1360.0

Vol. 0, Prev. Vol. 0.