FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

May 3, 1988

Baltic International Freight Futures ExchangePrev.

Close High Low Vol. Close

July 1229.5 1240.0 1221.0 136 1240.0

Oct. 1330.0 1340.0 1330.0 136 1349.0

Jan. 1337.5 1342.0 1330.0 21 1352.0

Total sales, 293 contracts.

*International Futures Exchange (Bermuda), Ltd.

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

Bid Ask Last High Low Sttlng

Apr. -- -- 1381.0 -- -- 1381.0

July -- -- 1242.0 -- -- 1242.0

Oct. -- -- 1340.0 -- -- 1340.0

Jan. -- -- 1346.5 -- -- 1346.5

Vol. 0, Prev. Vol. 0.

Prices as of April 29, due to holiday.