FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

May 17, 1988

Baltic International Freight Futures ExchangePrev.

Close High Low Vol. Close

July 1498.0 1500.0 1488.0 357 1480.0

Oct. 1533.0 1545.0 1528.0 113 1528.0

Jan. 1530.0 1530.0 1520.0 24 1525.0

Apr. 1545.0 1547.0 1543.0 15 1542.0

Total sales, 509 contracts.

*International Futures Exchange (Bermuda), Ltd.

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

Bid Ask Last High Low Sttlng

July -- -- 1480.0 -- -- 1480.0

Oct. -- -- 1528.0 -- -- 1528.0

Jan. -- -- 1525.0 -- -- 1525.0

Vol. 0, Prev. Vol. 0.