NUI &lt;NUI> MAY SPIN OFF NONUTILITY OPERATIONS
  NUI Corp said it is studying
  the feasibility of spinning off nonutility subsidiaries to
  shareholders.
      The company said its propane disution, natural gas spot
  marketing, data processing, oil and natural gas exploration and
  production, natural gas gathering and underground pipe
  replacement businesses had sales for the year ended September
  30 of about 74 mln dlrs, or about 25 pct of total company
  sales.  NUI's major subsidiary is utility Elizabethtown Gas.
  

