content: UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549
                                   FORM 10-Q
  
       (Mark One)     
           X    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934
  
       For the quarterly period ended March 31, 1999
                                      OR
                            
               TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                 THE SECURITIES EXCHANGE ACT OF 1934
  
       For the transition period from _________ to_______
  
       Commission File Number   1-8353
  
  
                                 NUI CORPORATION
            (Exact name of registrant as specified in its charter)
  
  
  
                 New Jersey                      22-1869941
          (State of incorporation)      (IRS employer identification no.)
  
  
         550 Route 202-206, PO Box 760, Bedminster, New Jersey 07921-0760
         (Address of principal executive offices, including zip code)
  
  
                                (908) 781-0500
             (Registrant's telephone number, including area code)
  
  
       Indicate  by check mark  whether the registrant:  (1) has  filed
       all  reports required to be filed by Section 13 or 15(d)  of the
       Securities  Exchange Act of 1934 during the preceding  12 months
       (or for such shorter period that the registrant  was required to
       file  such reports),  and (2)  has been subject  to such  filing
       requirements for the past 90 days.       Yes        No - X
  
  
                     APPLICABLE ONLY TO CORPORATE ISSUERS:
  
       The number of shares outstanding of each of the registrant's
       classes of common stock, as of April 30, 1999: Common Stock, No
       Par Value: 12,745,157 shares outstanding.<PAGE>
  <TABLE>
  
                          NUI Corporation and Subsidiaries
                    Consolidated Statement of Income (Unaudited)
                  (Dollars in thousands, except per share amounts)
  
  <CAPTION>
                                              Three Months             Six Months
                                                 Ended                    Ended
                                                March 31                 March 31
                                            1999       1998          1999         1998
       <S>                               <C>          <C>          <C>          <C>
  
       Operating Margins
         Operating revenues              $254,562     $258,798     $484,160     $494,736
         Less - Purchased gas and
           fuel                           180,008      191,761      354,929      367,424
            Energy taxes                    4,442        9,523       14,524        5,495
                                          -------      -------      -------      -------
                                           69,059       62,595      119,708      112,788
                                          -------      -------      -------      -------
       Other Operating Expenses
          Operations and maintenance       26,704       23,030       51,126       48,785
          Depreciation and  
           amortization                     6,869        6,522       13,784       13,076
          Restructuring and other
           non-recurring items             (2,114)           -       (2,114)           -
          Other taxes                       2,713        2,686        4,686        4,947
          Income taxes                     12,331       10,721       17,254       14,476
                                          -------      -------      -------      -------
                                           46,503       42,959       84,736       81,284
                                          -------       ------      -------      -------
       Operating Income                    22,556       19,636       34,972       31,504
  
       Other Income and Expense,  Net
       Equity in earnings (losses) of
       TIC Enterprises, LLC, net              413          (29)         256          108
       Other                                   42           74          109          920
       Income taxes                          (159)         (16)        (128)        (360)
                                           ------       ------       ------       ------
                                              296           29          237          668
                                           ------       ------       ------       ------
       Interest Expense                     5,090        4,602       10,529        9,688
                                           ------       ------       ------       ------
       Net Income                         $17,762      $15,063      $24,680      $22,484
                                          =======      =======      =======      =======
       Net Income Per Share of Common
       Stock                                $1.40        $1.20        $1.94        $1.80
                                            =====        =====        =====        =====
       Dividends Per Share of Common
       Stock                               $0.245       $0.245        $0.49        $0.49
                                            =====        =====         ====         ====
       Weighted Average Number of
       Shares of Common Stock
       Outstanding                     12,719,055   12,579,813   12,695,869   12,508,360
                                       ==========   ==========   ==========   ==========
  
  </TABLE>
               See the notes to the consolidated financial statements
  
  
                          NUI Corporation and Subsidiaries
                             Consolidated Balance Sheet
                               (Dollars in thousands)
  
                                                March 31,     September 30,
                                                   1999           1998
                                               (Unaudited)         (*)    
       ASSETS
       Utility Plant
          Utility plant, at original cost     $754,218           $737,323
          Accumulated depreciation and
           amortization                       (246,506)          (234,484)
          Unamortized plant acquisition
           adjustments                          31,037             30,904
                                              --------           --------
                                               538,749            533,743
                                              --------            -------
       Funds for Construction Held by
        Trustee                                 45,211             12,254
                                               -------            -------
       Investment in TIC Enterprises, LLC,
        net                                     23,936             23,874
                                               -------            -------
       Other Investments                         1,386              1,687
                                               -------            -------
       Current Assets
        Cash and cash equivalents                2,335                929
        Accounts receivable (less
         allowance for doubtful accounts of
         of $2,828 and $1,714, respectively)   113,020             62,673
        Fuel inventories, at average cost        9,280             34,937
        Unrecovered purchased gas costs              -              8,061
        Prepayments and other                   43,476             37,790
                                               -------            -------
                                               168,111            144,390
                                               -------            -------
       Other Assets
          Regulatory assets                     48,665             50,475
          Deferred charges                      10,759             10,424
                                               -------            -------
                                                59,424             60,899
                                               -------            -------
                                              $836,817           $776,847
                                              ========           ========
       CAPITALIZATION AND LIABILITIES
       Capitalization
          Common shareholders' equity         $242,313           $222,992
          Preferred stock                            -                  -
          Long-term debt                       268,893            229,098
                                               -------            -------
                                               511,206            452,090
                                               -------            -------
       Capital Lease Obligations                 1,746              8,566
                                                 -----              -----
       Current Liabilities
          Notes payable to banks                50,645             87,630
          Current portion of capital lease
           obligations                           7,760              1,810
          Accounts payable, customer
          deposits and accrued liabilities      97,099             87,158
          Overrecovered purchased gas costs     17,813                  -
          Federal income and other taxes        13,682              5,635
                                               -------           --------
                                               186,999            182,233
                                               -------           --------
       Deferred Credits and Other
          Liabilities
          Deferred Federal income taxes         65,064             62,519
          Unamortized investment tax credits     5,480              5,710
          Environmental remediation reserve     33,981             33,981
          Regulatory and other liabilities      32,341             31,748
                                              --------           --------
                                               136,866            133,958
                                              --------           --------
                                              $836,817           $776,847
                                              ========           ========
  
                     *Derived from audited financial statements
               See the notes to the consolidated financial statements
  
  
  
                          NUI Corporation and Subsidiaries
                 Consolidated Statement of  Cash Flows (Unaudited)
                               (Dollars in thousands)
  
  
                                                        Six Months
                                                          Ended
                                                        March 31,
                                                     1999        1998
  
  
       Operating Activities
       Net income                                   $24,680     $22,484
       Adjustments to reconcile net income
        to net cash provided by operating 
        activities:
         Depreciation and amortization              14,190      13,615
         Deferred Federal income taxes               2,545       1,274
         Non-cash portion of restructuring and      
          other non-recurring items                 (2,114)          -
         Amortization of deferred investment
          tax credits                                 (230)       (221)
         Other                                        1,151        513
         Effect of changes in:
          Accounts receivable, net                  (50,347)    (33,724)
          Fuel inventories                           25,657      20,718
          Accounts payable, deposits and 
           accruals                                   9,941      (5,637)
          Over (under) recovered purchased 
           gas costs                                 25,874       3,216
          Other                                       6,761       6,645
                                                     ------      ------
           Net cash provided by operating
            activities                               58,108      28,883
                                                     ------      ------
  
       Financing Activities
       Proceeds from sales of common stock,
       net of treasury stock purchased                  155       3,272
       Dividends to shareholders                     (6,217)     (6,155)
       Proceeds from issuance of long-term debt      39,795           -
       Funds for construction held by trustee,
        net                                         (33,810)      8,008
       Repayments of long-term debt                     -       (54,600)
       Principal payments under capital lease
        obligations                                    (902)       (897)
       Net short-term (repayments) borrowings       (36,985)     (7,283)
                                                     ------      ------
         Net cash used in financing activities      (37,964)    (57,655)
                                                     ------      ------
  
       Investing Activities
       Cash expenditures for utility plant          (16,759)    (26,346)
       Other                                         (1,979)     (1,425)
                                                     ------      ------
         Net cash used in investing activities      (18,738)    (27,771)
                                                     ------      ------
       Net increase (decrease) in cash and cash
         equivalents                                 $1,406    $(56,543)
                                                     ======      ======
       Cash and Cash Equivalents
       At beginning of period                        $  929    $ 58,793
       At end of period                              $2,335    $  2,250
  
       Supplemental Disclosures of Cash Flows
       Income taxes paid, net                        $4,118    $ 4,251
       Interest paid                                $10,639    $14,035
  
  
  
               See the notes to the consolidated financial statements
  
  
  
                          NUI Corporation and Subsidiaries
                   Notes to the Consolidated Financial Statements
  
  
  
       1.Basis of Presentation
  
       The consolidated financial statements include all operating divisions
       and subsidiaries of NUI Corporation (collectively referred to as the
       Company). The Company is a multi-state energy sales, services and
       distribution company. Its utility operations distribute natural gas
       and related services in six states along the eastern seaboard and
       comprise Elizabethtown Gas (New Jersey), City Gas Company of Florida,
       North Carolina Gas, Elkton Gas (Maryland), Valley Cities Gas
       (Pennsylvania) and Waverly Gas (New York). The Company also provides
       retail gas sales and related services through its NUI Energy, Inc.
       subsidiary; wholesale energy brokerage and related services through
       its NUI Energy Brokers, Inc. subsidiary; energy project development
       and consulting through its NUI Energy Solutions, Inc. subsidiary;
       environmental project development services through its NUI
       Environmental Group, Inc. subsidiary; customer account management and
       field operations systems and services through its Utility Business
       Services, Inc. subsidiary; and sales and marketing outsourcing through
       its 49% equity interest in TIC Enterprises, LLC (TIC).  All
       intercompany accounts and transactions have been eliminated in
       consolidation.
  
       The consolidated financial statements contained herein have been
       prepared without audit in accordance with the rules and regulations of
       the Securities and Exchange Commission and reflect all adjustments
       which, in the opinion of management, are necessary for a fair
       statement of the results for interim periods. All adjustments made
       were of a normal recurring nature. The preparation of financial
       statements in accordance with generally accepted accounting principles
       requires management to make estimates and assumptions that affect the
       reported amounts of assets and liabilities, the disclosure of
       contingent assets and liabilities at the date of the financial
       statements and the reported amounts of revenues and expenses during
       the reporting period. Actual results could differ from those
       estimates. The consolidated financial statements should be read in
       conjunction with the consolidated financial statements and the notes
       thereto that are included in the Company's Annual Report on Form 10-K
       for the fiscal year ended September 30, 1998.
  
       The Company is subject to regulation as an operating utility by the
       public utility commissions of the states in which it operates. 
       Because of the seasonal nature of gas utility operations, the results
       for interim periods are not necessarily indicative of the results for
       an entire year.
  
       2.Common Shareholders' Equity
  
       The components of common shareholders' equity were as follows (dollars
       in thousands):
  
                                                  March 31,    September 30,
                                                     1999          1998
  
       Common stock, no par value                 $209,870       $207,356
       Shares held in treasury                      (2,382)        (1,932)
       Retained earnings                            37,726         19,263
       Unearned employee compensation               (2,901)        (1,695)
                                                   -------        -------
       Total common shareholders' equity          $242,313       $222,992
                                                   =======        =======
  
  
       3.          Restructuring and Other Non-Recurring Items
  
       The Company recognized approximately $2.1 million of pre-tax, non-
       recurring items in the second quarter of fiscal 1999 relating
       primarily to the recognition of a settlement gain on the Company's
       1998 early retirement program, partially offset by a special
       termination charge on the 1999 New Jersey bargaining unit early
       retirement program, the write-off of certain non-recoverable
       regulatory assets, and other charges deemed to be separate from
       recurring operations.
  
       In June 1998, the Company offered an early retirement program to its
       non-bargaining unit personnel.  The program was accepted by 74 of the
       eligible 77 employees.  In accordance with Statement of Financial
       Accounting Standards No. 88, "Employers' Accounting for Settlements
       and Curtailments of Defined Benefit Pension Plans and for Termination
       Benefits" (SFAS 88), the Company recorded a special termination charge
       during fiscal 1998 when the cost was recognizable.  In March 1999, the
       Company recorded a settlement gain of approximately $6.8 million as
       the result of satisfaction of all future liabilities associated with
       these employees.
  
       In January 1999, the Company offered an early retirement program to
       its bargaining unit employees in New Jersey.  The program was accepted
       by 32 of the eligible 35 employees.  In accordance with SFAS 88, the
       Company recorded a special termination charge of approximately $2.0
       million associated with these retirements in the second quarter.
  
       The Company also recorded approximately $1.1 million of charges
       relating to the write-off of certain regulatory assets which will not
       be recovered through rates, as well as other items which were deemed
       to be separate from recurring earnings.  
  
       4.          Contingencies
  
       Environmental Matters. The Company is subject to federal and state
       laws with respect to water, air quality, solid waste disposal and
       employee health and safety matters, and to environmental regulations
       issued by the United States Environmental Protection Agency (EPA), the
       New Jersey Department of Environmental Protection (NJDEP) and other
       federal and state agencies.
  
       The Company owns, or previously owned, certain properties on which
       manufactured gas plants (MGP) were operated by the Company or by other
       parties in the past. In New Jersey, the Company has reported the
       presence of the six MGP sites to the EPA, the NJDEP and the New Jersey
       Board of Public Utilities (NJBPU). In 1991, the NJDEP issued an
       Administrative Consent Order for the MGP site located at South Street
       in Elizabeth, New Jersey, wherein the Company agreed to conduct a
       remedial investigation and to design and implement a remediation plan.
       In 1992 and 1993, the Company entered into a Memorandum of Agreement
       with the NJDEP for each of the other five New Jersey MGP sites.
       Pursuant to the terms and conditions of the Administrative Consent
       Order and the Memoranda of Agreement, the Company is conducting
       remedial activities at all six sites with oversight from the NJDEP.
  
       The Company also owns, or previously owned, ten former MGP facilities
       located in the states of North Carolina, South Carolina, Pennsylvania,
       New York and Maryland. The Company has joined with other North
       Carolina utilities to form the North Carolina Manufactured Gas Plant
       Group (the MGP Group). The MGP Group has entered into a Memorandum of
       Understanding with the North Carolina Department of Environment,
       Health and Natural Resources (NCDEHNR) to develop a uniform program
       and framework for the investigation and remediation of MGP sites in
       North Carolina. The Memorandum of Understanding contemplates that the
       actual investigation and remediation of specific sites will be
       addressed pursuant to Administrative Consent Orders between the
       NCDEHNR and the responsible parties. The NCDEHNR has recently sought
       the investigation and remediation of sites owned by members of the MGP
       Group and has entered into Administrative Consent Orders with respect
       to four such sites.  None of these four sites are currently or were
       previously owned by the Company.
  
       Based on the most recent assessment, the Company has recorded a total
       reserve for environmental investigation and remediation costs of
       approximately $34 million, which the Company expects to expend during
       the next 20 years. The reserve is net of approximately $4 million
       which will be borne by a prior owner and operator of two of the New
       Jersey sites in accordance with a cost sharing agreement. Of this
       reserve, approximately $30 million relates to the six New Jersey MGP
       sites and approximately $4 million relates to the ten sites located
       outside New Jersey. However, the Company believes that it is possible
       that costs associated with conducting investigative activities and
       implementing remedial activities, if necessary, with respect to all of
       its MGP sites may exceed this reserve by an amount that could range up
       to an additional $24 million and be incurred during a future period of
       time that may range up to 50 years. Of this additional $24 million in
       possible future expenditures, approximately $12 million relates to the
       New Jersey MGP sites and approximately $12 million relates to the
       sites located outside New Jersey. As compared with the $34 million
       reserve currently recorded on the Company's books as discussed above,
       the Company believes that it is less likely that this additional $24
       million will be incurred and therefore has not recorded it on its
       books.
  
       The Company's prudently incurred remediation costs for the New Jersey
       MGP sites have been authorized by the NJBPU to be recoverable in
       rates. The most recent NJBPU base rate order permits the Company to
       utilize full deferred accounting for expenditures related to its New
       Jersey sites and provides for the recovery of $130,000 annually. As of
       July 1996, the Company is also able to recover MGP expenditures over a
       rolling seven-year period through its NJBPU approved MGP Remediation
       Adjustment Clause. As a result, the Company has begun rate recovery of
       approximately $4.4 million of environmental costs incurred through
       June 30, 1997. Recovery of an additional $0.9 million in environmental
       costs incurred between July 1, 1997 and June 30, 1998 is currently
       pending NJBPU approval. Accordingly, the Company has recorded a
       regulatory asset of approximately $34 million as of March 31, 1999,
       reflecting the future recovery of environmental remediation
       liabilities related to New Jersey MGP sites.  The Company has also
       been successful in recovering a portion of MGP remediation costs
       incurred for the New Jersey sites from the Company's insurance
       carriers and continues to pursue additional recovery.  With respect to
       costs associated with the remaining MGP sites located outside New
       Jersey, the Company intends to pursue recovery from ratepayers, former
       owners and operators, and insurance carriers, although the Company is
       not able to express a belief as to whether any or all of these
       recovery efforts will be successful. The Company is working with the
       regulatory agencies to prudently manage its MGP costs so as to
       mitigate the impact of such costs on both ratepayers and shareholders.
  
       Other. The Company is involved in various claims and litigation
       incidental to its business. In the opinion of management, none of
       these claims and litigation will have a material adverse effect on the
       Company's results of operations or its financial condition.<PAGE>
  
  <TABLE>
                          NUI Corporation and Subsidiaries
                         Summary Consolidated Operating Data
  <CAPTION>
  
  
                                             Three Months          Six Months
                                                Ended                 Ended
                                               March 31,             March 31,
    <S>                                  <C>       <C>         <C>        <C>
                                            1999      1998        1999      1998
    Operating Revenues (Dollars in
     thousands)
     Firm Sales:
       Residential                       $84,861   $76,912     $141,455   $140,424
           Commercial                     34,418    35,814       60,186     66,698
       Industrial                          2,670     5,040        5,823     11,498
       Interruptible Sale s               11,712    10,467       22,509     26,040
       Unregulated Sales                 104,821   116,169      224,248    223,203
       Transportation Services            11,381    10,053       20,839     18,325
       Customer Service, Appliance
         Leasing and Other                 4,699     4,343        9,100      8,548
                                         -------    ------       ------     ------
                                        $254,562  $258,798     $484,160   $494,736
                                        ========  ========     ========   ========
     Gas Sold or Transported (MMcf)
      Firm Sales:
        Residential                       10,246     9,025      16,500      16,471
        Commercial                         4,653     4,609       7,968       8,858
        Industrial                           421     1,175       1,053       2,443
        Interruptible Sales                4,216     3,129       7,765       6,854
        Unregulated Sales                 53,787    44,873     106,944      81,859
        Transportation Services            9,194     9,141      16,429      16,986
                                          ------    ------      ------      ------
                                          82,517    71,952     156,659     133,471
                                          ======    ======     =======     =======
     Average Utility Customers
       Served
       Firm:
       Residential                       347,533   341,360     343,798     338,699
       Commercial                         23,788    22,952      23,359      23,659
       Industrial                            261       250         273         279
       Interruptible                          62       107          62         114
       Transportation                      3,658     3,887       3,478       2,677
                                          ------    ------      ------      ------
                                         375,302   368,556     370,970     365,428
                                         =======   =======     =======     =======
  
  
      Degree Days in New Jersey
        Actual                             2,417     2,085       3,883       3,863
        Normal                             2,745     2,777       4,577       4,632
        Percentage variance from             12%       25%         15%         17%
         normal                           warmer    warmer      warmer      warmer
  
        Employees (period end)                                   1,051       1,161
  
  </TABLE>
  
                          NUI Corporation and Subsidiaries
            Management's Discussion and Analysis of Financial Condition
                             and Results of Operations
  
  
       The following discussion and analysis refers to NUI Corporation and
       all of its operating divisions and subsidiaries (collectively referred
       to as the Company). The Company is a multi-state energy sales,
       services and distribution company. It's utility operations distribute
       natural gas and related services in six states along the eastern
       seaboard and comprise Elizabethtown Gas (New Jersey), City Gas Company
       of Florida, North Carolina Gas, Elkton Gas (Maryland), Valley Cities
       Gas (Pennsylvania) and Waverly Gas (New York). The Company also
       provides retail gas sales and related services through its NUI Energy,
       Inc. subsidiary (NUI Energy); wholesale energy brokerage and related
       services through its NUI Energy Brokers, Inc. subsidiary (NUI Energy
       Brokers); energy project development and consulting through its NUI
       Energy Solutions, Inc. subsidiary; environmental project development
       services through its NUI Environmental Group, Inc. subsidiary;
       customer account management and field operations systems and services
       through its Utility Business Services, Inc. subsidiary (UBS); and
       sales and marketing outsourcing through its 49% equity interest in TIC
       Enterprises, LLC (TIC).
  
       Results of Operations
  
       The results for the six-month period ending March 31, 1999 as compared
       to the six-month period ending March 31, 1998 reflect changes in the
       New Jersey tax law which resulted in variations in certain line items
       on the consolidated statement of income (see Regulatory Matters). 
       These changes had no effect on the quarter ended March 31, 1999 as
       compared to the quarter ended March 31, 1998.  Effective January 1,
       1998, New Jersey Gross Receipts and Franchise Taxes (GRAFT) were
       replaced by a combination of a New Jersey Sales and Use Tax (Sales
       Tax), a New Jersey Corporate Business Tax (CBT) and a temporary
       Transitional Energy Facilities Assessment (TEFA). In prior periods,
       GRAFT was recorded as a single line item as a reduction of operating
       margins.  Effective January 1, 1998, TEFA is recorded in the energy
       taxes line item as a reduction of operating margins, CBT is recorded
       in the income taxes line item and Sales Tax is recorded as a reduction
       of operating revenues.  The legislation was designed to be net income
       neutral over a twelve-month period. However, for the six-month period
       ending March 31, 1999 as compared to the six-month period ended
       March 31, 1998 the legislation had the effect of reducing operating
       revenues by approximately $3.4 million, reducing energy taxes by
       approximately $4.1 million and increasing income tax expense by
       approximately $1.2 million.
  
       Three-Month Periods Ended March 31, 1999 and 1998
  
       Net Income.  Net income for the three-month period ended March 31,
       1999 was $17.8 million, or $1.40 per share, as compared with net
       income of $15.1 million, or $1.20 per share, for the three-month
       period ended March 31, 1998. The increase in the current period was
       partially due to the effect of non-recurring items which contributed
       $1.3 million, or $0.10 per share to net income.  These items were
       primarily associated with the Company's early retirement programs (see
       Note 3 of the Notes to the Consolidated Financial Statements).  Absent
       these non-recurring items, net income would have been $16.5 million or
       $1.30 per share.  The increase in recurring earnings was attributable
       to higher margins and other income, partially offset by higher
       operations and maintenance expenses, interest and depreciation and
       amortization.
  
       Operating Revenues and Operating Margins.  The Company's operating
       revenues include amounts billed for the cost of purchased gas pursuant
       to purchased gas adjustment clauses. Such clauses enable the Company
       to pass through to its customers, via periodic adjustments to
       customers' bills, increased or decreased costs incurred by the Company
       for purchased gas without affecting operating margins. Since the
       Company's utility operations do not earn a profit on the sale of the
       gas commodity, the Company's level of regulated operating revenues is
       not necessarily indicative of financial performance. The Company's
       operating revenues decreased by $4.2 million, or 2%, for the three-
       month period ended March 31, 1999 as compared with the three-month
       period ended March 31, 1998, principally due to a decrease of
       approximately $11.3 million in unregulated revenues primarily due to
       lower gas prices in the current period. This decrease was partially
       offset by an increase in revenues of approximately $7.3 million in the
       Company's utility operations primarily resulting from customer growth
       and the effect of colder weather in the 1999 period, primarily in New
       Jersey where it was 16% colder than the prior year.
  
       The Company's operating margins increased by $6.5 million, or 10%, for
       the three-month period ended March 31, 1999 as compared with the
       three-month period ended March 31, 1998.  Margins from the Company's
       unregulated operations increased by approximately $3.3 million over
       the prior year period primarily due to an increase in the Company's
       energy portfolio management business. The Company's utility
       distribution margins increased approximately $3.0 million over the
       prior year period mainly due to the effect of colder weather as
       compared to the prior year, customer growth, and the effect of
       previously deferred post-retirement benefit expenses which are now
       being expensed and recovered through rates.  Customer service margins
       showed a slight increase in the current year as compared to the prior
       year period.  The Company has weather normalization clauses in its New
       Jersey and North Carolina tariffs which are designed to help stabilize
       the Company's results by increasing amounts charged to customers when
       weather has been warmer than normal and by decreasing amounts charged
       when weather has been colder than normal. As a result of these weather
       normalization clauses, operating margins were approximately $2.5
       million higher in the 1999 period than they would have been without
       such clauses. In the 1998 period, operating margins were approximately
       $4.8 million higher than they otherwise would have been without such
       clauses.
  
       Other Operating Expenses. Operations and maintenance expenses
       increased by approximately $3.7 million, or 16%, for the three-month
       period ended March 31, 1999 as compared with the three-month period
       ended March 31, 1998. The increase was primarily the result of a lower
       pension credit in the current period, previously deferred post-
       retirement benefit expenses which are being expensed and recovered
       through rates, and higher levels of accrued expenses associated with
       the improved performance of the Company's wholesale trading
       operations.   These increases were partially offset by labor and
       benefits reductions resulting from the Company's reorganization in
       1998.
  
       The Company recognized approximately $2.1 million of non-recurring
       income in the second quarter of fiscal 1999 as a result of a $6.8
       million settlement gain realized on the Company's 1998 early
       retirement program, offset by a $2.0 million special termination
       charge associated with the 1999 New Jersey bargaining unit early
       retirement program, $1.1 million in write-offs of previously deferred
       regulatory assets, and other items which were deemed to be separate
       from recurring earnings (see Note 3 of the Notes to the Consolidated
       Financial Statements).
  
       Income tax expense increased by approximately $1.6 million for the
       three-month period ended March 31, 1999 as compared to the three-month
       period ended March 31, 1998 as a result of higher pre-tax income.
  
       Other Income and (Expense), Net.  Other income and expense, net,
       increased by approximately $0.3 million for the three-month period
       ended March 31, 1999 as compared with the three-month period ended
       March 31, 1998 due to improved results generated by TIC.
  
       Interest Expense.  Interest expense increased by approximately $0.5
       million for the three-month period ended March 31, 1999 as compared
       with the three-month period ended March 31, 1998.  This increase was
       primarily due to interest on the Company's $40 million bond issuance
       in December 1998, as well as an increase due to higher average short-
       term borrowings.  These increases were partially offset by an increase
       in interest income on funds held by trustee as a result of the $40
       million issuance noted above being put into trust for use on qualified
       expenditures (see "Financing Activities and Resources - Long-Term Debt
       and Funds for Construction Held by Trustee").
  
       Six-Month Periods Ended March 31, 1999 and 1998
  
       Net Income.  Net income for the six-month period ended March 31, 1999
       was $24.7 million, or $1.94 per share, as compared with net income of
       $22.5 million, or $1.80 per share, for the six-month period ended
       March 31, 1998. The increase in the current period was partially due
       to the effect of non-recurring items which contributed $1.3 million,
       or $0.10 per share to net income (see Note 3 of the Notes to the
       Consolidated Financial Statements).  Absent these non-recurring items,
       net income would have been $23.4 million or $1.84 per share.  The
       increase in recurring earnings was attributable to higher margins,
       partially offset by the effect of the change in the NJ tax law noted
       above, higher operations and maintenance expenses, interest and
       depreciation, as well as lower other income.
  
       Net income per share in the current period was also affected by the
       increased number of outstanding shares of common stock over the prior
       year period, issued through various stock plans.
  
       Operating Revenues and Operating Margins. The Company's operating
       revenues decreased by $10.6 million, or 2%, for the six-month period
       ended March 31, 1999 as compared with the six-month period ended March
       31, 1998. The decrease was principally due to a decrease of
       approximately $12.0 million in the Company's utility operations as a
       result of the changes in the New Jersey  tax law noted above, and
       weather that was warmer in the current year in several of the
       Company's service territories.
  
       The Company's operating margins increased by $6.9 million or 6% for
       the six-month period ended March 31, 1999 as compared with the six-
       month period ended March 31, 1998.  The increase was primarily
       attributable to an increase of $4.0 million in the Company's
       unregulated operations as a result of an increase in the Company's
       energy portfolio management business, and improved results from NUI
       Energy.  Utility distribution operations increased by $2.6 million as
       a result of customer growth, the effect of the changes in the New
       Jersey tax law described above, and an additional $1.6 million due to
       the recovery of previously deferred post-retirement benefit expenses
       through rates.  The Company's customer service operations contributed
       approximately $0.3 million to the increase in margins as a result of
       continued growth by UBS and the Company's appliance sales and leasing
       business.  As a result of weather normalization clauses, operating
       margins were approximately $5.0 million higher in the 1999 period than
       they would have been without such clauses. In the 1998 period,
       operating margins were approximately $5.2 million higher than they
       otherwise would have been without such clauses. 
  
       Other Operating Expenses.  Operation and maintenance expenses
       increased by approximately $2.3 million, or 5%, for the six-month
       period ended March 31, 1999 as compared with the six-month period
       ended March 31, 1998. The increase was primarily the result of a lower
       pension credit in the current period, previously deferred post-
       retirement benefit expenses which are being expensed and recovered
       through rates, and higher levels of accrued expenses associated with
       the improved performance of the Company's wholesale trading
       operations.  These increases were partially offset by labor and
       benefit savings from the Company's 1998 reorganization, as well as
       lower outside contract work and temporary help.
  
       The Company recognized approximately $2.1 million of pre-tax non-
       recurring income during the six-month period ended March 31, 1999. 
       See  Note 3 of the "Notes to the Consolidated Financial Statements"
       for a description of these items.
  
       Depreciation and amortization expenses increased by $0.7 million
       primarily due to additional plant in service.
  
       Income tax expense increased by approximately $2.8 million due to the
       changes in the New Jersey tax law described above, as well as higher
       pre-tax income.
  
       Other Income and (Expense), Net.  Other income and expense, net,
       decreased by approximately $0.4 million for the six-month period ended
       March 31, 1999 as compared with the six-month period ended March 31,
       1998.  The decrease was primarily due to a gain on the sale of
       marketable securities of approximately $0.6 million in the prior year
       period.
  
       Interest Expense. Interest expense increased by approximately $0.8
       million for the six-month period ended March 31, 1999 as compared with
       the six-month period ended March 31, 1998.  The increase was mainly
       due to the reasons discussed under the "Three-Month Periods Ended
       March 31, 1999 and 1998" section.
  
       Regulatory Matters
  
       On April 30, 1999 the Company made a filing with the New Jersey Board
       of Public Utilities (NJBPU)  which will enable all customers to choose
       an alternative supplier.  This filing was a result of the "Electric
       Discount and Energy Competition Act" legislation which was signed into
       law in New Jersey on February 9, 1999.  The legislation has several
       provisions that affect gas utilities.  It provides all gas customers
       with the ability to choose  an alternate natural gas supplier by
       December 31, 1999.  At the same time, the utility will continue to
       provide basic gas service through December 2002 when the NJBPU will
       decide if the gas supply function should be made competitive.  The
       NJBPU will also conduct proceedings to determine whether customers
       should be afforded the option of contracting with an alternative
       provider of billing, collection, meter reading and other services that
       may be deemed competitive by December 31, 2000.
  
       The NJBPU recently granted the Company permission to consolidate their
       residential transportation program proposal into the April 30, 1999
       filing noted above.  The proposed residential transportation program
       was originally filed by the company on July 31, 1998 and would allow
       customers to contract with third-party suppliers by September 2001.
  
       On August 20, 1998, the NJBPU approved the Company's petition to
       increase its annual purchased gas revenues in New Jersey by $9
       million. Additionally, the Company was authorized to retain 15% of
       margins from utility off-system sales and capacity release credits.
       The Company previously retained 20% of margins from these items.
  
       In July 1997, the State of New Jersey enacted legislation which
       eliminated the current Gross Receipts and Franchise Taxes effective
       January 1, 1998. These taxes were replaced with a 6% sales tax on
       sales of electricity and natural gas, a corporate business tax
       currently paid by all non-utility corporations in the State, and a
       third tax called the Transitional Energy Facilities Assessment tax
       (TEFA). The legislation was intended, in part, to provide
       comparability between utilities that pay Gross Receipts and Franchise
       Taxes and non-utility energy companies that do not. The TEFA tax is
       scheduled to be phased out over five years.  Effective January 1,
       1999, a 13% reduction of TEFA was approved.  These tax changes are
       designed to have no effect on the Company's net income, and did not
       have a material effect on working capital (See "Results of Operations"
       for the effect on the Company's operations).  The Company paid
       approximately $27 million to the State for these taxes in 1998.
  
       Financing Activities and Resources
  
       The Company had net cash provided by operating activities of $58.1
       million and $28.9 million for the six-month periods ended March 31,
       1999 and 1998, respectively.  The increase in the six-month period
       ended March 31, 1999 was primarily due to a significantly higher over-
       collection of gas costs through the Company's purchased gas adjustment
       clauses.
  
       Because the Company's business is highly seasonal, short-term debt is
       used to meet seasonal working capital requirements. The Company also
       borrows under its bank lines of credit to finance portions of its
       capital expenditures, pending refinancing through the issuance of
       equity or long-term indebtedness at a later date depending upon
       prevailing market conditions.
  
       Short-Term Debt. The weighted average daily amounts outstanding of
       notes payable to banks and the weighted average interest rates on
       those amounts were $86.1 million at 5.7% for the six-month period
       ended March 31, 1999 and $70.1 million at 6.0% for the six-month
       period ended March 31, 1998.  The weighted average daily amounts of<PAGE>
  
  
       notes payable to banks increased principally due to additional
       borrowings to finance portions of the Company's capital expenditures
       earlier in the year.  At March 31, 1999, the Company had outstanding
       notes payable to banks amounting to $50.6 million and available unused
       lines of credit amounting to $85.4 million.  Notes payable to banks
       decreased as of March 31, 1999 as compared to the balance outstanding
       at September 30, 1998 due to seasonal borrowing requirements.
  
       Long-Term Debt and Funds for Construction Held by Trustee.  On
       December 8, 1998, the Company issued $40 million of tax-exempt Gas
       Facilities Revenue Bonds at an interest rate of 5.25%.  These bonds
       will mature in November 2033 and the proceeds will be used to finance
       a portion of the Company's capital expenditure program in New Jersey.
  
        
       In November 1994, the Company filed a shelf registration statement
       with the Securities and Exchange Commission for an aggregate of up to
       $100 million of debt and equity securities. As of March 31, 1999, the
       Company has issued $70 million of Medium-Term Notes subject to the
       shelf registration statement.
  
       The Company deposits in trust the unexpended portion of the net
       proceeds from its Gas Facilities Revenue Bonds until drawn upon for
       eligible expenditures. As of March 31, 1999, the total unexpended
       portions of all of the Company's Gas Facilities Revenue Bonds were $41
       million and are classified on the Company's consolidated balance
       sheet, including interest earned thereon, as funds for construction
       held by trustee.
  
       Common Stock. The Company periodically issues shares of common stock
       in connection with NUI Direct, the Company's dividend reinvestment
       plan, and other employee benefit plans. The proceeds from such
       issuances amounted to approximately $0.6 million and $3.3 million for
       the six-month periods ended March 31, 1999 and 1998, respectively, and
       were used primarily to reduce outstanding short-term debt. The
       decrease in proceeds received in the six-month period ended March 31,
       1999 as compared to the six-month period ended March 31, 1998 reflects
       that several of these plans commenced purchasing shares on the open
       market during 1998 to fulfill the plans' requirements.  Under the
       terms of these plans, the Company may periodically change the method
       of purchasing shares from open market purchases to purchases directly
       from the Company, or vice versa.
  
       Dividends.  The Company's long-term debt agreements include, among
       other things, restrictions as to the payment of cash dividends.  Under
       the most restrictive of these provisions, the Company is permitted to
       pay approximately $57.1 million of cash dividends at March 31, 1999.
  
       Capital Expenditures and Commitments
  
       Capital expenditures, which consist primarily of expenditures to
       expand and upgrade the Company's gas distribution systems, were $16.8
       million for the six-month period ended March 31, 1999 as compared with
       $26.7 million for the six-month period ended March 31, 1998. Capital
       expenditures are expected to be approximately $52.0 million for all of
       fiscal 1999, as compared with a total of $60.9 million in fiscal 1998.
  
       The Company owns or previously owned six former manufactured gas plant
       (MGP) sites in the state of New Jersey and ten former MGP sites in the
       states of North Carolina, South Carolina, Pennsylvania, New York and
       Maryland.  Based on the Company's most recent assessment, the Company
       has recorded a total reserve for environmental investigation and
       remediation costs of approximately $34 million, which the Company
       expects it will expend in the next twenty years to remediate the
       Company's MGP sites. Of this reserve, approximately $30 million
       relates to New Jersey MGP sites and approximately $4 million relates
       to the MGP sites located outside New Jersey. However, the Company
       believes that it is possible that costs associated with conducting
       investigative activities and implementing remedial actions, if
       necessary, with respect to all of its MGP sites may exceed this
       reserve by an amount that could range up to an additional $24 million
       and be incurred during a future period of time that may range up to 50
       years. Of this $24 million in possible additional expenditures,
       approximately $12 million relates to the New Jersey sites and
       approximately $12 million relates to the remaining MGP sites. As
       compared with the $34 million reserve currently recorded on the
       Company's books as discussed above, the Company believes that it is
       less likely that this additional $24 million will be incurred and
       therefore has not recorded it on its books. The Company believes that
       all costs associated with the New Jersey MGP sites will be recoverable
       in rates or from insurance carriers. In New Jersey, the Company is
       currently recovering environmental costs on an annual basis through
       base rates and over a rolling seven-year period through its MGP
       Remediation Adjustment Clause. As a result, the Company has begun rate
       recovery of approximately $4.4 million of environmental costs incurred
       through June 30, 1997. Recovery of an additional $0.9 million in 
       environmental costs incurred between July 1, 1997 and June 30, 1998 is 
       currently pending NJBPU approval. With respect to costs which may be 
       associated with the MGP sites located outside the state of New Jersey, 
       the Company intends to pursue recovery from ratepayers, former owners and
       operators of the sites and from insurance carriers. However, the
       Company is not able, at this time, to express a belief as to whether
       any or all of these recovery efforts will ultimately be successful.
  
       Certain of the Company's long-term contracts for the supply, storage
       and delivery of natural gas include fixed charges that amount to
       approximately $68.6 million annually. The Company currently recovers,
       and expects to continue to recover, such fixed charges through its
       purchased gas adjustment clauses. The Company also is committed to
       purchase, at market-related prices, minimum quantities of gas that, in
       the aggregate, are approximately 6.8 billion cubic feet per year or to
       pay certain costs in the event the minimum quantities are not taken.
       The Company expects that minimum demand on its systems for the
       duration of these contracts will continue to exceed these minimum
       purchase obligations.
  
       The Company is scheduled to repay $20 million of Medium-Term Notes in
       August 2002.
  
       Market Risk Exposure
  
       The Company's wholesale trading subsidiary, NUI Energy Brokers, uses
       derivatives for multiple purposes:  1) to hedge price commitments and
       minimize the risk of fluctuating gas prices, 2) to take advantage of
       market information and opportunities in the marketplace, and 3) to
       fulfill its trading strategies and, therefore, ensure favorable prices
       and margins.  These derivative instruments include forwards, futures,
       options, and swaps.
  
       The risk associated with uncovered derivative positions is closely
       monitored on a daily basis, and controlled in accordance with NUI
       Energy Brokers' Risk Management Policy.  This policy has been approved
       by the Company's Board of Directors and dictates policies and
       procedures for all trading activities.  The policy defines both value-
       at-risk (VaR) and loss limits, and all traders are required to sign
       and follow this policy.  At the end of each day, all trading positions
       are marked to market and a VaR is calculated.  This information, as
       well as the status of all limits, is disseminated to senior management
       daily.
  
       NUI Energy Brokers utilizes the variance/covariance VaR methodology. 
       Using a 95% confidence interval and a one day time horizon, as of
       March 31, 1999, NUI Energy Brokers' VaR was $318,000.
  
       Year 2000
  
       Many existing computer programs and systems with embedded digital
       microcontrollers, use only two digits to identify a year in the date
       field, or were not designed in other ways to provide for the upcoming
       change in the century. If not corrected, many systems that use digital
       technology could fail or create errors that may result in a
       significant adverse impact on NUI's ability to provide service, its
       regulatory relations and financial condition.
  
       NUI has developed a Risk Mitigation Plan (the Plan) as an internal
       guide to its systems readiness program. The purpose of the program is
       to mitigate the risks associated with Year 2000 technology issues. The
       Plan includes the following phases: (i) development of a detailed
       inventory of all information technology (IT) and non-IT systems that
       incorporate any technology component including embedded
       microprocessors and microcontrollers (Inventory Phase); (ii)
       assessment of those systems for Year 2000 vulnerability (Assessment
       Phase); (iii) remediation of the affected systems (Remediation Phase);
       and (iv) testing of sub-systems, hardware, operating and application
       software running as integrated systems (Testing Phase). In addition,
       the Plan requires (v) an analysis of the risk of system failure and
       the consequences of failure in order to focus testing resources and
       prioritization of resources under contingency plans (Risk Analysis).
       The Inventory, Assessment and the Risk Analysis Phases include
       material direct third-party suppliers and vendors. The final phase is
       (vi) contingency planning, which is described below.
  
       Under the Plan, NUI has established an executive level Year 2000
       Committee (the Committee) to monitor the Company's Year 2000 progress.
       This Committee is chaired by NUI's Chief Operating Officer and
       includes the senior managers of all NUI's business units, the Chief
       Administrative Officer, General Counsel and Secretary and the Vice
       President of Corporate Development and Treasurer. The Committee
       receives monthly reports from a project coordinator and team. Members
       of the team are responsible for NUI gas distribution system controls,
       computer hardware, operating and communication systems, and for
       critical suppliers. The Chairman of the Committee reports to NUI's
       Board of Directors on Year 2000 issues on a periodic basis.
  
       All major billing, field service, networked information technology and
       gas distribution control and monitoring systems have been inventoried.
       Detailed inventorying of known material systems with embedded
       microcontrollers comprising environmental and support systems, such as
       telephone systems, heating and air conditioning, and backup electric
       generating systems have been substantially completed.
  
       The entire Assessment Phase, including the assessment of financial and
       field service systems and natural gas distribution control and
       monitoring systems, has been substantially completed at this time.
  
       Other than the hand-held meter reading units, which are currently in
       the process of being replaced, all known hardware and operating
       systems that handle billing and field service, and which required
       remediation, have been replaced. Replacement of NUI's billing systems
       in Pennsylvania and North Carolina is in progress and is currently
       scheduled for completion in August 1999.  NUI's financial systems are
       in the process of being upgraded to a new version of third-party
       supplied software and are currently scheduled for completion in
       September 1999. Certain telephone systems are in the process of being
       remediated and are scheduled for substantial completion by the end of
       May 1999.  Any other remediation will be reviewed when the need
       arises.
  
       Individual programs are generally being tested on a stand-alone basis
       as they are remediated.  However, suites of programs  must be tested
       as entire systems, running on remediated hardware and operating
       systems.  Integrated testing for natural gas distribution and control
       and monitoring systems have been substantially completed.  Billing and
       field service software is currently planned for the end of June 1999.
       Integrated testing of other systems is scheduled for completion by the
       end of September 1999.
  
       The Risk Analysis Phase involved NUI assigning priority ratings to
       each of its major systems, based on both the risk of the systems'
       failure and the potential consequences to the underlying business. 
       This was without taking into account alternatives available under
       contingency planning.  Systems supporting business processes which
       might affect human safety were assigned the highest rating.
  
       NUI's systems and customers are vulnerable to systems operated by
       third-parties that may not be Year 2000 ready. NUI has identified its
       critical direct suppliers and vendors. These include, at the very
       highest level of importance, interstate pipeline suppliers,
       telecommunications carriers, and electric suppliers. Interstate
       pipeline suppliers must appropriately schedule and control gas
       supplies to NUI's own distribution systems. Telecommunications
       carriers' digital circuits are used to control and monitor NUI's gas
       distribution system with voice circuits as emergency backup and for
       customers' reporting of emergencies. Electricity supplies are critical
       to NUI's customers for natural gas heating equipment and industrial
       process control.
  
       NUI is assessing the Year 2000 readiness of its critical suppliers and
       the substantial portion of the assessment work will occur throughout
       1999.  Assessment of third party systems is currently scheduled to be
       substantially complete by June 1999.  NUI will continue to work with
       these suppliers through 1999 to gain greater assurance that
       appropriate steps are being taken to ensure security of supply and the
       continued accurate exchange of critical data. Any remediation and
       contingency planning will be reviewed and determined based on the
       results of such third-party assessment.
  
       The total estimated costs of assessing, remediating and testing NUI's
       systems for Year 2000 compliance is approximately $3.5 million, of
       which approximately $2.5 million has been incurred through March 31,
       1999.  Approximately 50% of these costs will relate to capital
       projects.  The Company has, and will continue, to fund these costs
       from the operations of the Company. These estimated costs do not
       include any third-party remediation that may be required, or any
       resulting contingency planning.
  
       Customers are dependent on NUI's reliable and secure gas supply,
       emergency response and billing services. Each of these services relies
       on the Company's computer systems.  A failure in these systems could
       materially interrupt the normal flow of these services and
       significantly impact human safety and physical property and have a
       significant adverse financial impact on NUI, its customers and
       suppliers. NUI and third-party critical suppliers are also
       interdependent, and failure of third-party suppliers to be Year 2000
       ready could significantly impact the Company's ability to serve its
       customers.  Third-party systems are being  reviewed however NUI has
       not ascertained a reasonably likely worst case scenario.  Due to the
       general uncertainty of the Year 2000 problem, resulting in part from
       the uncertainty of the Year 2000 readiness of third-parties, the
       Company is unable to determine at this time whether the consequences
       of year 2000 failures will have a material impact on the Company's
       results of operations or financial condition. The Plan is expected to
       significantly reduce the Company's level of uncertainty about the Year
       2000 problem and the readiness of third-parties. The Company believes
       that due to its Plan, the likelihood of major consequences should be
       reduced.
  
       Contingency plans are being developed as necessary for the Company's
       own systems and its third-party relationships, in response to its
       assessments, remediation and testing activities. Contingency planning
       is currently scheduled to be completed by June 1999.
  
       Forward-Looking Statements
  
       This document contains forward-looking statements within the meaning
       of Section 21E of the Securities Exchange Act of 1934, as amended. 
       The Company cautions that, while it believes such statements to be
       reasonable and are made in good faith, such forward-looking statements
       almost always vary from actual results, and the differences between
       assumptions made in making such statements and actual results can be
       material, depending upon the circumstances.  Factors, which may make
       the actual results differ from anticipated results include, but are
       not limited to, economic conditions; unforeseen competition; weather
       conditions; fluctuations in the price of natural gas and other forms
       of energy; the outcome of certain assumptions made in regard to Year
       2000 issues; and other uncertainties, all of which are difficult to
       predict and many of which are beyond the control of the Company. 
       Accordingly, investors should not rely upon these forward-looking
       statements in making investment decisions.
  
  
                            PART II - OTHER INFORMATION
  
  
       Item 4.   Submission of Matters to a Vote of Security Holders
  
       The following matters were presented for submission to a vote of
       security holders through the solicitation of proxies or otherwise
       during the second quarter of fiscal 1999.
  
       The Annual Meeting of Shareholders of NUI Corporation was held on
       January 26, 1999. Proxies for the Annual Meeting were solicited
       pursuant to Regulation 14A and there was no solicitation in opposition
       to management's nominees.  At the meeting, the shareholders elected
       directors and ratified the appointment of independent public
       accountants.
  
       The total votes were as follows:             Against or
                                     For            Withheld       Abstain
  
       (1)  Election of directors
             to serve for three-year
             terms:
            Vera King Farris         10,983,023     115,163
            J. Russell Hawkins       10,988,367     109,819
            John Winthrop            10,990,492     107,694
  
  
       (2)  Ratification of the
             appointment of
             Arthur Andersen LLP
             as independent
             public accountants      10,574,996     479,407          43,783
  
  
       Item 6.   Exhibits and Reports on Form 8-K
  
       (a)  Exhibits.
  
       Exhibit
         No.     Description of Exhibit                  Reference
  
         27 Financial Data Schedule                 Filed herewith
  
       (b)  Reports on Form 8-K
  
            None
  
  
                                     SIGNATURES
  
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
       the Registrant has duly caused this report to be signed on its behalf
       by the undersigned thereunto duly authorized.
  
  
                                            NUI CORPORATION
  
                                            JOHN KEAN, JR.
       May 14, 1999                         President and Chief
                                            Executive Officer
  
                                            A. MARK ABRAMOVIC
       May 14, 1999                         Senior Vice President and
                                            Chief Financial Officer<PAGE>
metadata_filer: {"company-data": {"conformed-name": "NUI CORP", "cik": "0000070668", "assigned-sic": "4924", "irs-number": "221869941", "state-of-incorporation": "NJ", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "001-08353", "film-number": "99622434"}, "business-address": {"street1": "550 RTE 202-206", "street2": "BOX 760", "city": "BEDMINSTER", "state": "NJ", "zip": "07921-0760", "phone": "9087810500"}, "mail-address": {"street1": "550 ROUTE 202-206", "street2": "P.O. BOX 760", "city": "BEDMINSTER", "state": "NJ", "zip": "07921-0760"}, "former-company": {"former-conformed-name": "NATIONAL UTILITIES & INDUSTRIES CORP", "date-changed": "19830502"}}
text: UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549
                                   FORM 10-Q
  
       (Mark One)     
           X    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934
  
       For the quarterly period ended March 31, 1999
                                      OR
                            
               TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                 THE SECURITIES EXCHANGE ACT OF 1934
  
       For the transition period from _________ to_______
  
       Commission File Number   1-8353
  
                                 NUI CORPORATION
            (Exact name of registrant as specified in its charter)
  
                 New Jersey                      22-1869941
          (State of incorporation)      (IRS employer identification no.)
  
         550 Route 202-206, PO Box 760, Bedminster, New Jersey 07921-0760
         (Address of principal executive offices, including zip code)
  
                                (908) 781-0500
             (Registrant's telephone number, including area code)
  
       Indicate  by check mark  whether the registrant:  (1) has  filed
       all  reports required to be filed by Section 13 or 15(d)  of the
       Securities  Exchange Act of 1934 during the preceding  12 months
       (or for such shorter period that the registrant  was required to
       file  such reports),  and (2)  has been subject  to such  filing
       requirements for the past 90 days.       Yes        No - X
  
                     APPLICABLE ONLY TO CORPORATE ISSUERS:
  
       The number of shares outstanding of each of the registrant's
       classes of common stock, as of April 30, 1999: Common Stock, No
       Par Value: 12,745,157 shares outstanding.
  NUI Corporation and Subsidiaries
                    Consolidated Statement of Income (Unaudited)
                  (Dollars in thousands, except per share amounts)
  Three Months             Six Months
                                                 Ended                    Ended
                                                March 31                 March 31
                                            1999       1998          1999         1998
  Operating Margins
         Operating revenues              $254,562     $258,798     $484,160     $494,736
         Less - Purchased gas and
           fuel                           180,008      191,761      354,929      367,424
            Energy taxes                    4,442        9,523       14,524        5,495
                                          -------      -------      -------      -------
                                           69,059       62,595      119,708      112,788
                                          -------      -------      -------      -------
       Other Operating Expenses
          Operations and maintenance       26,704       23,030       51,126       48,785
          Depreciation and  
           amortization                     6,869        6,522       13,784       13,076
          Restructuring and other
           non-recurring items             (2,114)           -       (2,114)           -
          Other taxes                       2,713        2,686        4,686        4,947
          Income taxes                     12,331       10,721       17,254       14,476
                                          -------      -------      -------      -------
                                           46,503       42,959       84,736       81,284
                                          -------       ------      -------      -------
       Operating Income                    22,556       19,636       34,972       31,504
  
       Other Income and Expense,  Net
       Equity in earnings (losses) of
       TIC Enterprises, LLC, net              413          (29)         256          108
       Other                                   42           74          109          920
       Income taxes                          (159)         (16)        (128)        (360)
                                           ------       ------       ------       ------
                                              296           29          237          668
                                           ------       ------       ------       ------
       Interest Expense                     5,090        4,602       10,529        9,688
                                           ------       ------       ------       ------
       Net Income                         $17,762      $15,063      $24,680      $22,484
                                          =======      =======      =======      =======
       Net Income Per Share of Common
       Stock                                $1.40        $1.20        $1.94        $1.80
                                            =====        =====        =====        =====
       Dividends Per Share of Common
       Stock                               $0.245       $0.245        $0.49        $0.49
                                            =====        =====         ====         ====
       Weighted Average Number of
       Shares of Common Stock
       Outstanding                     12,719,055   12,579,813   12,695,869   12,508,360
                                       ==========   ==========   ==========   ==========
  See the notes to the consolidated financial statements
  
                          NUI Corporation and Subsidiaries
                             Consolidated Balance Sheet
                               (Dollars in thousands)
  
                                                March 31,     September 30,
                                                   1999           1998
                                               (Unaudited)         (*)    
       ASSETS
       Utility Plant
          Utility plant, at original cost     $754,218           $737,323
          Accumulated depreciation and
           amortization                       (246,506)          (234,484)
          Unamortized plant acquisition
           adjustments                          31,037             30,904
                                              --------           --------
                                               538,749            533,743
                                              --------            -------
       Funds for Construction Held by
        Trustee                                 45,211             12,254
                                               -------            -------
       Investment in TIC Enterprises, LLC,
        net                                     23,936             23,874
                                               -------            -------
       Other Investments                         1,386              1,687
                                               -------            -------
       Current Assets
        Cash and cash equivalents                2,335                929
        Accounts receivable (less
         allowance for doubtful accounts of
         of $2,828 and $1,714, respectively)   113,020             62,673
        Fuel inventories, at average cost        9,280             34,937
        Unrecovered purchased gas costs              -              8,061
        Prepayments and other                   43,476             37,790
                                               -------            -------
                                               168,111            144,390
                                               -------            -------
       Other Assets
          Regulatory assets                     48,665             50,475
          Deferred charges                      10,759             10,424
                                               -------            -------
                                                59,424             60,899
                                               -------            -------
                                              $836,817           $776,847
                                              ========           ========
       CAPITALIZATION AND LIABILITIES
       Capitalization
          Common shareholders' equity         $242,313           $222,992
          Preferred stock                            -                  -
          Long-term debt                       268,893            229,098
                                               -------            -------
                                               511,206            452,090
                                               -------            -------
       Capital Lease Obligations                 1,746              8,566
                                                 -----              -----
       Current Liabilities
          Notes payable to banks                50,645             87,630
          Current portion of capital lease
           obligations                           7,760              1,810
          Accounts payable, customer
          deposits and accrued liabilities      97,099             87,158
          Overrecovered purchased gas costs     17,813                  -
          Federal income and other taxes        13,682              5,635
                                               -------           --------
                                               186,999            182,233
                                               -------           --------
       Deferred Credits and Other
          Liabilities
          Deferred Federal income taxes         65,064             62,519
          Unamortized investment tax credits     5,480              5,710
          Environmental remediation reserve     33,981             33,981
          Regulatory and other liabilities      32,341             31,748
                                              --------           --------
                                               136,866            133,958
                                              --------           --------
                                              $836,817           $776,847
                                              ========           ========
  
                     *Derived from audited financial statements
               See the notes to the consolidated financial statements
  
                          NUI Corporation and Subsidiaries
                 Consolidated Statement of  Cash Flows (Unaudited)
                               (Dollars in thousands)
  
                                                        Six Months
                                                          Ended
                                                        March 31,
                                                     1999        1998
  
       Operating Activities
       Net income                                   $24,680     $22,484
       Adjustments to reconcile net income
        to net cash provided by operating 
        activities:
         Depreciation and amortization              14,190      13,615
         Deferred Federal income taxes               2,545       1,274
         Non-cash portion of restructuring and      
          other non-recurring items                 (2,114)          -
         Amortization of deferred investment
          tax credits                                 (230)       (221)
         Other                                        1,151        513
         Effect of changes in:
          Accounts receivable, net                  (50,347)    (33,724)
          Fuel inventories                           25,657      20,718
          Accounts payable, deposits and 
           accruals                                   9,941      (5,637)
          Over (under) recovered purchased 
           gas costs                                 25,874       3,216
          Other                                       6,761       6,645
                                                     ------      ------
           Net cash provided by operating
            activities                               58,108      28,883
                                                     ------      ------
  
       Financing Activities
       Proceeds from sales of common stock,
       net of treasury stock purchased                  155       3,272
       Dividends to shareholders                     (6,217)     (6,155)
       Proceeds from issuance of long-term debt      39,795           -
       Funds for construction held by trustee,
        net                                         (33,810)      8,008
       Repayments of long-term debt                     -       (54,600)
       Principal payments under capital lease
        obligations                                    (902)       (897)
       Net short-term (repayments) borrowings       (36,985)     (7,283)
                                                     ------      ------
         Net cash used in financing activities      (37,964)    (57,655)
                                                     ------      ------
  
       Investing Activities
       Cash expenditures for utility plant          (16,759)    (26,346)
       Other                                         (1,979)     (1,425)
                                                     ------      ------
         Net cash used in investing activities      (18,738)    (27,771)
                                                     ------      ------
       Net increase (decrease) in cash and cash
         equivalents                                 $1,406    $(56,543)
                                                     ======      ======
       Cash and Cash Equivalents
       At beginning of period                        $  929    $ 58,793
       At end of period                              $2,335    $  2,250
  
       Supplemental Disclosures of Cash Flows
       Income taxes paid, net                        $4,118    $ 4,251
       Interest paid                                $10,639    $14,035
  
               See the notes to the consolidated financial statements
  
                          NUI Corporation and Subsidiaries
                   Notes to the Consolidated Financial Statements
  
       1.Basis of Presentation
  
       The consolidated financial statements include all operating divisions
       and subsidiaries of NUI Corporation (collectively referred to as the
       Company). The Company is a multi-state energy sales, services and
       distribution company. Its utility operations distribute natural gas
       and related services in six states along the eastern seaboard and
       comprise Elizabethtown Gas (New Jersey), City Gas Company of Florida,
       North Carolina Gas, Elkton Gas (Maryland), Valley Cities Gas
       (Pennsylvania) and Waverly Gas (New York). The Company also provides
       retail gas sales and related services through its NUI Energy, Inc.
       subsidiary; wholesale energy brokerage and related services through
       its NUI Energy Brokers, Inc. subsidiary; energy project development
       and consulting through its NUI Energy Solutions, Inc. subsidiary;
       environmental project development services through its NUI
       Environmental Group, Inc. subsidiary; customer account management and
       field operations systems and services through its Utility Business
       Services, Inc. subsidiary; and sales and marketing outsourcing through
       its 49% equity interest in TIC Enterprises, LLC (TIC).  All
       intercompany accounts and transactions have been eliminated in
       consolidation.
  
       The consolidated financial statements contained herein have been
       prepared without audit in accordance with the rules and regulations of
       the Securities and Exchange Commission and reflect all adjustments
       which, in the opinion of management, are necessary for a fair
       statement of the results for interim periods. All adjustments made
       were of a normal recurring nature. The preparation of financial
       statements in accordance with generally accepted accounting principles
       requires management to make estimates and assumptions that affect the
       reported amounts of assets and liabilities, the disclosure of
       contingent assets and liabilities at the date of the financial
       statements and the reported amounts of revenues and expenses during
       the reporting period. Actual results could differ from those
       estimates. The consolidated financial statements should be read in
       conjunction with the consolidated financial statements and the notes
       thereto that are included in the Company's Annual Report on Form 10-K
       for the fiscal year ended September 30, 1998.
  
       The Company is subject to regulation as an operating utility by the
       public utility commissions of the states in which it operates. 
       Because of the seasonal nature of gas utility operations, the results
       for interim periods are not necessarily indicative of the results for
       an entire year.
  
       2.Common Shareholders' Equity
  
       The components of common shareholders' equity were as follows (dollars
       in thousands):
  
                                                  March 31,    September 30,
                                                     1999          1998
  
       Common stock, no par value                 $209,870       $207,356
       Shares held in treasury                      (2,382)        (1,932)
       Retained earnings                            37,726         19,263
       Unearned employee compensation               (2,901)        (1,695)
                                                   -------        -------
       Total common shareholders' equity          $242,313       $222,992
                                                   =======        =======
  
       3.          Restructuring and Other Non-Recurring Items
  
       The Company recognized approximately $2.1 million of pre-tax, non-
       recurring items in the second quarter of fiscal 1999 relating
       primarily to the recognition of a settlement gain on the Company's
       1998 early retirement program, partially offset by a special
       termination charge on the 1999 New Jersey bargaining unit early
       retirement program, the write-off of certain non-recoverable
       regulatory assets, and other charges deemed to be separate from
       recurring operations.
  
       In June 1998, the Company offered an early retirement program to its
       non-bargaining unit personnel.  The program was accepted by 74 of the
       eligible 77 employees.  In accordance with Statement of Financial
       Accounting Standards No. 88, "Employers' Accounting for Settlements
       and Curtailments of Defined Benefit Pension Plans and for Termination
       Benefits" (SFAS 88), the Company recorded a special termination charge
       during fiscal 1998 when the cost was recognizable.  In March 1999, the
       Company recorded a settlement gain of approximately $6.8 million as
       the result of satisfaction of all future liabilities associated with
       these employees.
  
       In January 1999, the Company offered an early retirement program to
       its bargaining unit employees in New Jersey.  The program was accepted
       by 32 of the eligible 35 employees.  In accordance with SFAS 88, the
       Company recorded a special termination charge of approximately $2.0
       million associated with these retirements in the second quarter.
  
       The Company also recorded approximately $1.1 million of charges
       relating to the write-off of certain regulatory assets which will not
       be recovered through rates, as well as other items which were deemed
       to be separate from recurring earnings.  
  
       4.          Contingencies
  
       Environmental Matters. The Company is subject to federal and state
       laws with respect to water, air quality, solid waste disposal and
       employee health and safety matters, and to environmental regulations
       issued by the United States Environmental Protection Agency (EPA), the
       New Jersey Department of Environmental Protection (NJDEP) and other
       federal and state agencies.
  
       The Company owns, or previously owned, certain properties on which
       manufactured gas plants (MGP) were operated by the Company or by other
       parties in the past. In New Jersey, the Company has reported the
       presence of the six MGP sites to the EPA, the NJDEP and the New Jersey
       Board of Public Utilities (NJBPU). In 1991, the NJDEP issued an
       Administrative Consent Order for the MGP site located at South Street
       in Elizabeth, New Jersey, wherein the Company agreed to conduct a
       remedial investigation and to design and implement a remediation plan.
       In 1992 and 1993, the Company entered into a Memorandum of Agreement
       with the NJDEP for each of the other five New Jersey MGP sites.
       Pursuant to the terms and conditions of the Administrative Consent
       Order and the Memoranda of Agreement, the Company is conducting
       remedial activities at all six sites with oversight from the NJDEP.
  
       The Company also owns, or previously owned, ten former MGP facilities
       located in the states of North Carolina, South Carolina, Pennsylvania,
       New York and Maryland. The Company has joined with other North
       Carolina utilities to form the North Carolina Manufactured Gas Plant
       Group (the MGP Group). The MGP Group has entered into a Memorandum of
       Understanding with the North Carolina Department of Environment,
       Health and Natural Resources (NCDEHNR) to develop a uniform program
       and framework for the investigation and remediation of MGP sites in
       North Carolina. The Memorandum of Understanding contemplates that the
       actual investigation and remediation of specific sites will be
       addressed pursuant to Administrative Consent Orders between the
       NCDEHNR and the responsible parties. The NCDEHNR has recently sought
       the investigation and remediation of sites owned by members of the MGP
       Group and has entered into Administrative Consent Orders with respect
       to four such sites.  None of these four sites are currently or were
       previously owned by the Company.
  
       Based on the most recent assessment, the Company has recorded a total
       reserve for environmental investigation and remediation costs of
       approximately $34 million, which the Company expects to expend during
       the next 20 years. The reserve is net of approximately $4 million
       which will be borne by a prior owner and operator of two of the New
       Jersey sites in accordance with a cost sharing agreement. Of this
       reserve, approximately $30 million relates to the six New Jersey MGP
       sites and approximately $4 million relates to the ten sites located
       outside New Jersey. However, the Company believes that it is possible
       that costs associated with conducting investigative activities and
       implementing remedial activities, if necessary, with respect to all of
       its MGP sites may exceed this reserve by an amount that could range up
       to an additional $24 million and be incurred during a future period of
       time that may range up to 50 years. Of this additional $24 million in
       possible future expenditures, approximately $12 million relates to the
       New Jersey MGP sites and approximately $12 million relates to the
       sites located outside New Jersey. As compared with the $34 million
       reserve currently recorded on the Company's books as discussed above,
       the Company believes that it is less likely that this additional $24
       million will be incurred and therefore has not recorded it on its
       books.
  
       The Company's prudently incurred remediation costs for the New Jersey
       MGP sites have been authorized by the NJBPU to be recoverable in
       rates. The most recent NJBPU base rate order permits the Company to
       utilize full deferred accounting for expenditures related to its New
       Jersey sites and provides for the recovery of $130,000 annually. As of
       July 1996, the Company is also able to recover MGP expenditures over a
       rolling seven-year period through its NJBPU approved MGP Remediation
       Adjustment Clause. As a result, the Company has begun rate recovery of
       approximately $4.4 million of environmental costs incurred through
       June 30, 1997. Recovery of an additional $0.9 million in environmental
       costs incurred between July 1, 1997 and June 30, 1998 is currently
       pending NJBPU approval. Accordingly, the Company has recorded a
       regulatory asset of approximately $34 million as of March 31, 1999,
       reflecting the future recovery of environmental remediation
       liabilities related to New Jersey MGP sites.  The Company has also
       been successful in recovering a portion of MGP remediation costs
       incurred for the New Jersey sites from the Company's insurance
       carriers and continues to pursue additional recovery.  With respect to
       costs associated with the remaining MGP sites located outside New
       Jersey, the Company intends to pursue recovery from ratepayers, former
       owners and operators, and insurance carriers, although the Company is
       not able to express a belief as to whether any or all of these
       recovery efforts will be successful. The Company is working with the
       regulatory agencies to prudently manage its MGP costs so as to
       mitigate the impact of such costs on both ratepayers and shareholders.
  
       Other. The Company is involved in various claims and litigation
       incidental to its business. In the opinion of management, none of
       these claims and litigation will have a material adverse effect on the
       Company's results of operations or its financial condition.
  NUI Corporation and Subsidiaries
                         Summary Consolidated Operating Data
  Three Months          Six Months
                                                Ended                 Ended
                                               March 31,             March 31,
  1999      1998        1999      1998
    Operating Revenues (Dollars in
     thousands)
     Firm Sales:
       Residential                       $84,861   $76,912     $141,455   $140,424
           Commercial                     34,418    35,814       60,186     66,698
       Industrial                          2,670     5,040        5,823     11,498
       Interruptible Sale s               11,712    10,467       22,509     26,040
       Unregulated Sales                 104,821   116,169      224,248    223,203
       Transportation Services            11,381    10,053       20,839     18,325
       Customer Service, Appliance
         Leasing and Other                 4,699     4,343        9,100      8,548
                                         -------    ------       ------     ------
                                        $254,562  $258,798     $484,160   $494,736
                                        ========  ========     ========   ========
     Gas Sold or Transported (MMcf)
      Firm Sales:
        Residential                       10,246     9,025      16,500      16,471
        Commercial                         4,653     4,609       7,968       8,858
        Industrial                           421     1,175       1,053       2,443
        Interruptible Sales                4,216     3,129       7,765       6,854
        Unregulated Sales                 53,787    44,873     106,944      81,859
        Transportation Services            9,194     9,141      16,429      16,986
                                          ------    ------      ------      ------
                                          82,517    71,952     156,659     133,471
                                          ======    ======     =======     =======
     Average Utility Customers
       Served
       Firm:
       Residential                       347,533   341,360     343,798     338,699
       Commercial                         23,788    22,952      23,359      23,659
       Industrial                            261       250         273         279
       Interruptible                          62       107          62         114
       Transportation                      3,658     3,887       3,478       2,677
                                          ------    ------      ------      ------
                                         375,302   368,556     370,970     365,428
                                         =======   =======     =======     =======
  
      Degree Days in New Jersey
        Actual                             2,417     2,085       3,883       3,863
        Normal                             2,745     2,777       4,577       4,632
        Percentage variance from             12%       25%         15%         17%
         normal                           warmer    warmer      warmer      warmer
  
        Employees (period end)                                   1,051       1,161
  NUI Corporation and Subsidiaries
            Management's Discussion and Analysis of Financial Condition
                             and Results of Operations
  
       The following discussion and analysis refers to NUI Corporation and
       all of its operating divisions and subsidiaries (collectively referred
       to as the Company). The Company is a multi-state energy sales,
       services and distribution company. It's utility operations distribute
       natural gas and related services in six states along the eastern
       seaboard and comprise Elizabethtown Gas (New Jersey), City Gas Company
       of Florida, North Carolina Gas, Elkton Gas (Maryland), Valley Cities
       Gas (Pennsylvania) and Waverly Gas (New York). The Company also
       provides retail gas sales and related services through its NUI Energy,
       Inc. subsidiary (NUI Energy); wholesale energy brokerage and related
       services through its NUI Energy Brokers, Inc. subsidiary (NUI Energy
       Brokers); energy project development and consulting through its NUI
       Energy Solutions, Inc. subsidiary; environmental project development
       services through its NUI Environmental Group, Inc. subsidiary;
       customer account management and field operations systems and services
       through its Utility Business Services, Inc. subsidiary (UBS); and
       sales and marketing outsourcing through its 49% equity interest in TIC
       Enterprises, LLC (TIC).
  
       Results of Operations
  
       The results for the six-month period ending March 31, 1999 as compared
       to the six-month period ending March 31, 1998 reflect changes in the
       New Jersey tax law which resulted in variations in certain line items
       on the consolidated statement of income (see Regulatory Matters). 
       These changes had no effect on the quarter ended March 31, 1999 as
       compared to the quarter ended March 31, 1998.  Effective January 1,
       1998, New Jersey Gross Receipts and Franchise Taxes (GRAFT) were
       replaced by a combination of a New Jersey Sales and Use Tax (Sales
       Tax), a New Jersey Corporate Business Tax (CBT) and a temporary
       Transitional Energy Facilities Assessment (TEFA). In prior periods,
       GRAFT was recorded as a single line item as a reduction of operating
       margins.  Effective January 1, 1998, TEFA is recorded in the energy
       taxes line item as a reduction of operating margins, CBT is recorded
       in the income taxes line item and Sales Tax is recorded as a reduction
       of operating revenues.  The legislation was designed to be net income
       neutral over a twelve-month period. However, for the six-month period
       ending March 31, 1999 as compared to the six-month period ended
       March 31, 1998 the legislation had the effect of reducing operating
       revenues by approximately $3.4 million, reducing energy taxes by
       approximately $4.1 million and increasing income tax expense by
       approximately $1.2 million.
  
       Three-Month Periods Ended March 31, 1999 and 1998
  
       Net Income.  Net income for the three-month period ended March 31,
       1999 was $17.8 million, or $1.40 per share, as compared with net
       income of $15.1 million, or $1.20 per share, for the three-month
       period ended March 31, 1998. The increase in the current period was
       partially due to the effect of non-recurring items which contributed
       $1.3 million, or $0.10 per share to net income.  These items were
       primarily associated with the Company's early retirement programs (see
       Note 3 of the Notes to the Consolidated Financial Statements).  Absent
       these non-recurring items, net income would have been $16.5 million or
       $1.30 per share.  The increase in recurring earnings was attributable
       to higher margins and other income, partially offset by higher
       operations and maintenance expenses, interest and depreciation and
       amortization.
  
       Operating Revenues and Operating Margins.  The Company's operating
       revenues include amounts billed for the cost of purchased gas pursuant
       to purchased gas adjustment clauses. Such clauses enable the Company
       to pass through to its customers, via periodic adjustments to
       customers' bills, increased or decreased costs incurred by the Company
       for purchased gas without affecting operating margins. Since the
       Company's utility operations do not earn a profit on the sale of the
       gas commodity, the Company's level of regulated operating revenues is
       not necessarily indicative of financial performance. The Company's
       operating revenues decreased by $4.2 million, or 2%, for the three-
       month period ended March 31, 1999 as compared with the three-month
       period ended March 31, 1998, principally due to a decrease of
       approximately $11.3 million in unregulated revenues primarily due to
       lower gas prices in the current period. This decrease was partially
       offset by an increase in revenues of approximately $7.3 million in the
       Company's utility operations primarily resulting from customer growth
       and the effect of colder weather in the 1999 period, primarily in New
       Jersey where it was 16% colder than the prior year.
  
       The Company's operating margins increased by $6.5 million, or 10%, for
       the three-month period ended March 31, 1999 as compared with the
       three-month period ended March 31, 1998.  Margins from the Company's
       unregulated operations increased by approximately $3.3 million over
       the prior year period primarily due to an increase in the Company's
       energy portfolio management business. The Company's utility
       distribution margins increased approximately $3.0 million over the
       prior year period mainly due to the effect of colder weather as
       compared to the prior year, customer growth, and the effect of
       previously deferred post-retirement benefit expenses which are now
       being expensed and recovered through rates.  Customer service margins
       showed a slight increase in the current year as compared to the prior
       year period.  The Company has weather normalization clauses in its New
       Jersey and North Carolina tariffs which are designed to help stabilize
       the Company's results by increasing amounts charged to customers when
       weather has been warmer than normal and by decreasing amounts charged
       when weather has been colder than normal. As a result of these weather
       normalization clauses, operating margins were approximately $2.5
       million higher in the 1999 period than they would have been without
       such clauses. In the 1998 period, operating margins were approximately
       $4.8 million higher than they otherwise would have been without such
       clauses.
  
       Other Operating Expenses. Operations and maintenance expenses
       increased by approximately $3.7 million, or 16%, for the three-month
       period ended March 31, 1999 as compared with the three-month period
       ended March 31, 1998. The increase was primarily the result of a lower
       pension credit in the current period, previously deferred post-
       retirement benefit expenses which are being expensed and recovered
       through rates, and higher levels of accrued expenses associated with
       the improved performance of the Company's wholesale trading
       operations.   These increases were partially offset by labor and
       benefits reductions resulting from the Company's reorganization in
       1998.
  
       The Company recognized approximately $2.1 million of non-recurring
       income in the second quarter of fiscal 1999 as a result of a $6.8
       million settlement gain realized on the Company's 1998 early
       retirement program, offset by a $2.0 million special termination
       charge associated with the 1999 New Jersey bargaining unit early
       retirement program, $1.1 million in write-offs of previously deferred
       regulatory assets, and other items which were deemed to be separate
       from recurring earnings (see Note 3 of the Notes to the Consolidated
       Financial Statements).
  
       Income tax expense increased by approximately $1.6 million for the
       three-month period ended March 31, 1999 as compared to the three-month
       period ended March 31, 1998 as a result of higher pre-tax income.
  
       Other Income and (Expense), Net.  Other income and expense, net,
       increased by approximately $0.3 million for the three-month period
       ended March 31, 1999 as compared with the three-month period ended
       March 31, 1998 due to improved results generated by TIC.
  
       Interest Expense.  Interest expense increased by approximately $0.5
       million for the three-month period ended March 31, 1999 as compared
       with the three-month period ended March 31, 1998.  This increase was
       primarily due to interest on the Company's $40 million bond issuance
       in December 1998, as well as an increase due to higher average short-
       term borrowings.  These increases were partially offset by an increase
       in interest income on funds held by trustee as a result of the $40
       million issuance noted above being put into trust for use on qualified
       expenditures (see "Financing Activities and Resources - Long-Term Debt
       and Funds for Construction Held by Trustee").
  
       Six-Month Periods Ended March 31, 1999 and 1998
  
       Net Income.  Net income for the six-month period ended March 31, 1999
       was $24.7 million, or $1.94 per share, as compared with net income of
       $22.5 million, or $1.80 per share, for the six-month period ended
       March 31, 1998. The increase in the current period was partially due
       to the effect of non-recurring items which contributed $1.3 million,
       or $0.10 per share to net income (see Note 3 of the Notes to the
       Consolidated Financial Statements).  Absent these non-recurring items,
       net income would have been $23.4 million or $1.84 per share.  The
       increase in recurring earnings was attributable to higher margins,
       partially offset by the effect of the change in the NJ tax law noted
       above, higher operations and maintenance expenses, interest and
       depreciation, as well as lower other income.
  
       Net income per share in the current period was also affected by the
       increased number of outstanding shares of common stock over the prior
       year period, issued through various stock plans.
  
       Operating Revenues and Operating Margins. The Company's operating
       revenues decreased by $10.6 million, or 2%, for the six-month period
       ended March 31, 1999 as compared with the six-month period ended March
       31, 1998. The decrease was principally due to a decrease of
       approximately $12.0 million in the Company's utility operations as a
       result of the changes in the New Jersey  tax law noted above, and
       weather that was warmer in the current year in several of the
       Company's service territories.
  
       The Company's operating margins increased by $6.9 million or 6% for
       the six-month period ended March 31, 1999 as compared with the six-
       month period ended March 31, 1998.  The increase was primarily
       attributable to an increase of $4.0 million in the Company's
       unregulated operations as a result of an increase in the Company's
       energy portfolio management business, and improved results from NUI
       Energy.  Utility distribution operations increased by $2.6 million as
       a result of customer growth, the effect of the changes in the New
       Jersey tax law described above, and an additional $1.6 million due to
       the recovery of previously deferred post-retirement benefit expenses
       through rates.  The Company's customer service operations contributed
       approximately $0.3 million to the increase in margins as a result of
       continued growth by UBS and the Company's appliance sales and leasing
       business.  As a result of weather normalization clauses, operating
       margins were approximately $5.0 million higher in the 1999 period than
       they would have been without such clauses. In the 1998 period,
       operating margins were approximately $5.2 million higher than they
       otherwise would have been without such clauses. 
  
       Other Operating Expenses.  Operation and maintenance expenses
       increased by approximately $2.3 million, or 5%, for the six-month
       period ended March 31, 1999 as compared with the six-month period
       ended March 31, 1998. The increase was primarily the result of a lower
       pension credit in the current period, previously deferred post-
       retirement benefit expenses which are being expensed and recovered
       through rates, and higher levels of accrued expenses associated with
       the improved performance of the Company's wholesale trading
       operations.  These increases were partially offset by labor and
       benefit savings from the Company's 1998 reorganization, as well as
       lower outside contract work and temporary help.
  
       The Company recognized approximately $2.1 million of pre-tax non-
       recurring income during the six-month period ended March 31, 1999. 
       See  Note 3 of the "Notes to the Consolidated Financial Statements"
       for a description of these items.
  
       Depreciation and amortization expenses increased by $0.7 million
       primarily due to additional plant in service.
  
       Income tax expense increased by approximately $2.8 million due to the
       changes in the New Jersey tax law described above, as well as higher
       pre-tax income.
  
       Other Income and (Expense), Net.  Other income and expense, net,
       decreased by approximately $0.4 million for the six-month period ended
       March 31, 1999 as compared with the six-month period ended March 31,
       1998.  The decrease was primarily due to a gain on the sale of
       marketable securities of approximately $0.6 million in the prior year
       period.
  
       Interest Expense. Interest expense increased by approximately $0.8
       million for the six-month period ended March 31, 1999 as compared with
       the six-month period ended March 31, 1998.  The increase was mainly
       due to the reasons discussed under the "Three-Month Periods Ended
       March 31, 1999 and 1998" section.
  
       Regulatory Matters
  
       On April 30, 1999 the Company made a filing with the New Jersey Board
       of Public Utilities (NJBPU)  which will enable all customers to choose
       an alternative supplier.  This filing was a result of the "Electric
       Discount and Energy Competition Act" legislation which was signed into
       law in New Jersey on February 9, 1999.  The legislation has several
       provisions that affect gas utilities.  It provides all gas customers
       with the ability to choose  an alternate natural gas supplier by
       December 31, 1999.  At the same time, the utility will continue to
       provide basic gas service through December 2002 when the NJBPU will
       decide if the gas supply function should be made competitive.  The
       NJBPU will also conduct proceedings to determine whether customers
       should be afforded the option of contracting with an alternative
       provider of billing, collection, meter reading and other services that
       may be deemed competitive by December 31, 2000.
  
       The NJBPU recently granted the Company permission to consolidate their
       residential transportation program proposal into the April 30, 1999
       filing noted above.  The proposed residential transportation program
       was originally filed by the company on July 31, 1998 and would allow
       customers to contract with third-party suppliers by September 2001.
  
       On August 20, 1998, the NJBPU approved the Company's petition to
       increase its annual purchased gas revenues in New Jersey by $9
       million. Additionally, the Company was authorized to retain 15% of
       margins from utility off-system sales and capacity release credits.
       The Company previously retained 20% of margins from these items.
  
       In July 1997, the State of New Jersey enacted legislation which
       eliminated the current Gross Receipts and Franchise Taxes effective
       January 1, 1998. These taxes were replaced with a 6% sales tax on
       sales of electricity and natural gas, a corporate business tax
       currently paid by all non-utility corporations in the State, and a
       third tax called the Transitional Energy Facilities Assessment tax
       (TEFA). The legislation was intended, in part, to provide
       comparability between utilities that pay Gross Receipts and Franchise
       Taxes and non-utility energy companies that do not. The TEFA tax is
       scheduled to be phased out over five years.  Effective January 1,
       1999, a 13% reduction of TEFA was approved.  These tax changes are
       designed to have no effect on the Company's net income, and did not
       have a material effect on working capital (See "Results of Operations"
       for the effect on the Company's operations).  The Company paid
       approximately $27 million to the State for these taxes in 1998.
  
       Financing Activities and Resources
  
       The Company had net cash provided by operating activities of $58.1
       million and $28.9 million for the six-month periods ended March 31,
       1999 and 1998, respectively.  The increase in the six-month period
       ended March 31, 1999 was primarily due to a significantly higher over-
       collection of gas costs through the Company's purchased gas adjustment
       clauses.
  
       Because the Company's business is highly seasonal, short-term debt is
       used to meet seasonal working capital requirements. The Company also
       borrows under its bank lines of credit to finance portions of its
       capital expenditures, pending refinancing through the issuance of
       equity or long-term indebtedness at a later date depending upon
       prevailing market conditions.
  
       Short-Term Debt. The weighted average daily amounts outstanding of
       notes payable to banks and the weighted average interest rates on
       those amounts were $86.1 million at 5.7% for the six-month period
       ended March 31, 1999 and $70.1 million at 6.0% for the six-month
       period ended March 31, 1998.  The weighted average daily amounts of
  notes payable to banks increased principally due to additional
       borrowings to finance portions of the Company's capital expenditures
       earlier in the year.  At March 31, 1999, the Company had outstanding
       notes payable to banks amounting to $50.6 million and available unused
       lines of credit amounting to $85.4 million.  Notes payable to banks
       decreased as of March 31, 1999 as compared to the balance outstanding
       at September 30, 1998 due to seasonal borrowing requirements.
  
       Long-Term Debt and Funds for Construction Held by Trustee.  On
       December 8, 1998, the Company issued $40 million of tax-exempt Gas
       Facilities Revenue Bonds at an interest rate of 5.25%.  These bonds
       will mature in November 2033 and the proceeds will be used to finance
       a portion of the Company's capital expenditure program in New Jersey.
  
        
       In November 1994, the Company filed a shelf registration statement
       with the Securities and Exchange Commission for an aggregate of up to
       $100 million of debt and equity securities. As of March 31, 1999, the
       Company has issued $70 million of Medium-Term Notes subject to the
       shelf registration statement.
  
       The Company deposits in trust the unexpended portion of the net
       proceeds from its Gas Facilities Revenue Bonds until drawn upon for
       eligible expenditures. As of March 31, 1999, the total unexpended
       portions of all of the Company's Gas Facilities Revenue Bonds were $41
       million and are classified on the Company's consolidated balance
       sheet, including interest earned thereon, as funds for construction
       held by trustee.
  
       Common Stock. The Company periodically issues shares of common stock
       in connection with NUI Direct, the Company's dividend reinvestment
       plan, and other employee benefit plans. The proceeds from such
       issuances amounted to approximately $0.6 million and $3.3 million for
       the six-month periods ended March 31, 1999 and 1998, respectively, and
       were used primarily to reduce outstanding short-term debt. The
       decrease in proceeds received in the six-month period ended March 31,
       1999 as compared to the six-month period ended March 31, 1998 reflects
       that several of these plans commenced purchasing shares on the open
       market during 1998 to fulfill the plans' requirements.  Under the
       terms of these plans, the Company may periodically change the method
       of purchasing shares from open market purchases to purchases directly
       from the Company, or vice versa.
  
       Dividends.  The Company's long-term debt agreements include, among
       other things, restrictions as to the payment of cash dividends.  Under
       the most restrictive of these provisions, the Company is permitted to
       pay approximately $57.1 million of cash dividends at March 31, 1999.
  
       Capital Expenditures and Commitments
  
       Capital expenditures, which consist primarily of expenditures to
       expand and upgrade the Company's gas distribution systems, were $16.8
       million for the six-month period ended March 31, 1999 as compared with
       $26.7 million for the six-month period ended March 31, 1998. Capital
       expenditures are expected to be approximately $52.0 million for all of
       fiscal 1999, as compared with a total of $60.9 million in fiscal 1998.
  
       The Company owns or previously owned six former manufactured gas plant
       (MGP) sites in the state of New Jersey and ten former MGP sites in the
       states of North Carolina, South Carolina, Pennsylvania, New York and
       Maryland.  Based on the Company's most recent assessment, the Company
       has recorded a total reserve for environmental investigation and
       remediation costs of approximately $34 million, which the Company
       expects it will expend in the next twenty years to remediate the
       Company's MGP sites. Of this reserve, approximately $30 million
       relates to New Jersey MGP sites and approximately $4 million relates
       to the MGP sites located outside New Jersey. However, the Company
       believes that it is possible that costs associated with conducting
       investigative activities and implementing remedial actions, if
       necessary, with respect to all of its MGP sites may exceed this
       reserve by an amount that could range up to an additional $24 million
       and be incurred during a future period of time that may range up to 50
       years. Of this $24 million in possible additional expenditures,
       approximately $12 million relates to the New Jersey sites and
       approximately $12 million relates to the remaining MGP sites. As
       compared with the $34 million reserve currently recorded on the
       Company's books as discussed above, the Company believes that it is
       less likely that this additional $24 million will be incurred and
       therefore has not recorded it on its books. The Company believes that
       all costs associated with the New Jersey MGP sites will be recoverable
       in rates or from insurance carriers. In New Jersey, the Company is
       currently recovering environmental costs on an annual basis through
       base rates and over a rolling seven-year period through its MGP
       Remediation Adjustment Clause. As a result, the Company has begun rate
       recovery of approximately $4.4 million of environmental costs incurred
       through June 30, 1997. Recovery of an additional $0.9 million in 
       environmental costs incurred between July 1, 1997 and June 30, 1998 is 
       currently pending NJBPU approval. With respect to costs which may be 
       associated with the MGP sites located outside the state of New Jersey, 
       the Company intends to pursue recovery from ratepayers, former owners and
       operators of the sites and from insurance carriers. However, the
       Company is not able, at this time, to express a belief as to whether
       any or all of these recovery efforts will ultimately be successful.
  
       Certain of the Company's long-term contracts for the supply, storage
       and delivery of natural gas include fixed charges that amount to
       approximately $68.6 million annually. The Company currently recovers,
       and expects to continue to recover, such fixed charges through its
       purchased gas adjustment clauses. The Company also is committed to
       purchase, at market-related prices, minimum quantities of gas that, in
       the aggregate, are approximately 6.8 billion cubic feet per year or to
       pay certain costs in the event the minimum quantities are not taken.
       The Company expects that minimum demand on its systems for the
       duration of these contracts will continue to exceed these minimum
       purchase obligations.
  
       The Company is scheduled to repay $20 million of Medium-Term Notes in
       August 2002.
  
       Market Risk Exposure
  
       The Company's wholesale trading subsidiary, NUI Energy Brokers, uses
       derivatives for multiple purposes:  1) to hedge price commitments and
       minimize the risk of fluctuating gas prices, 2) to take advantage of
       market information and opportunities in the marketplace, and 3) to
       fulfill its trading strategies and, therefore, ensure favorable prices
       and margins.  These derivative instruments include forwards, futures,
       options, and swaps.
  
       The risk associated with uncovered derivative positions is closely
       monitored on a daily basis, and controlled in accordance with NUI
       Energy Brokers' Risk Management Policy.  This policy has been approved
       by the Company's Board of Directors and dictates policies and
       procedures for all trading activities.  The policy defines both value-
       at-risk (VaR) and loss limits, and all traders are required to sign
       and follow this policy.  At the end of each day, all trading positions
       are marked to market and a VaR is calculated.  This information, as
       well as the status of all limits, is disseminated to senior management
       daily.
  
       NUI Energy Brokers utilizes the variance/covariance VaR methodology. 
       Using a 95% confidence interval and a one day time horizon, as of
       March 31, 1999, NUI Energy Brokers' VaR was $318,000.
  
       Year 2000
  
       Many existing computer programs and systems with embedded digital
       microcontrollers, use only two digits to identify a year in the date
       field, or were not designed in other ways to provide for the upcoming
       change in the century. If not corrected, many systems that use digital
       technology could fail or create errors that may result in a
       significant adverse impact on NUI's ability to provide service, its
       regulatory relations and financial condition.
  
       NUI has developed a Risk Mitigation Plan (the Plan) as an internal
       guide to its systems readiness program. The purpose of the program is
       to mitigate the risks associated with Year 2000 technology issues. The
       Plan includes the following phases: (i) development of a detailed
       inventory of all information technology (IT) and non-IT systems that
       incorporate any technology component including embedded
       microprocessors and microcontrollers (Inventory Phase); (ii)
       assessment of those systems for Year 2000 vulnerability (Assessment
       Phase); (iii) remediation of the affected systems (Remediation Phase);
       and (iv) testing of sub-systems, hardware, operating and application
       software running as integrated systems (Testing Phase). In addition,
       the Plan requires (v) an analysis of the risk of system failure and
       the consequences of failure in order to focus testing resources and
       prioritization of resources under contingency plans (Risk Analysis).
       The Inventory, Assessment and the Risk Analysis Phases include
       material direct third-party suppliers and vendors. The final phase is
       (vi) contingency planning, which is described below.
  
       Under the Plan, NUI has established an executive level Year 2000
       Committee (the Committee) to monitor the Company's Year 2000 progress.
       This Committee is chaired by NUI's Chief Operating Officer and
       includes the senior managers of all NUI's business units, the Chief
       Administrative Officer, General Counsel and Secretary and the Vice
       President of Corporate Development and Treasurer. The Committee
       receives monthly reports from a project coordinator and team. Members
       of the team are responsible for NUI gas distribution system controls,
       computer hardware, operating and communication systems, and for
       critical suppliers. The Chairman of the Committee reports to NUI's
       Board of Directors on Year 2000 issues on a periodic basis.
  
       All major billing, field service, networked information technology and
       gas distribution control and monitoring systems have been inventoried.
       Detailed inventorying of known material systems with embedded
       microcontrollers comprising environmental and support systems, such as
       telephone systems, heating and air conditioning, and backup electric
       generating systems have been substantially completed.
  
       The entire Assessment Phase, including the assessment of financial and
       field service systems and natural gas distribution control and
       monitoring systems, has been substantially completed at this time.
  
       Other than the hand-held meter reading units, which are currently in
       the process of being replaced, all known hardware and operating
       systems that handle billing and field service, and which required
       remediation, have been replaced. Replacement of NUI's billing systems
       in Pennsylvania and North Carolina is in progress and is currently
       scheduled for completion in August 1999.  NUI's financial systems are
       in the process of being upgraded to a new version of third-party
       supplied software and are currently scheduled for completion in
       September 1999. Certain telephone systems are in the process of being
       remediated and are scheduled for substantial completion by the end of
       May 1999.  Any other remediation will be reviewed when the need
       arises.
  
       Individual programs are generally being tested on a stand-alone basis
       as they are remediated.  However, suites of programs  must be tested
       as entire systems, running on remediated hardware and operating
       systems.  Integrated testing for natural gas distribution and control
       and monitoring systems have been substantially completed.  Billing and
       field service software is currently planned for the end of June 1999.
       Integrated testing of other systems is scheduled for completion by the
       end of September 1999.
  
       The Risk Analysis Phase involved NUI assigning priority ratings to
       each of its major systems, based on both the risk of the systems'
       failure and the potential consequences to the underlying business. 
       This was without taking into account alternatives available under
       contingency planning.  Systems supporting business processes which
       might affect human safety were assigned the highest rating.
  
       NUI's systems and customers are vulnerable to systems operated by
       third-parties that may not be Year 2000 ready. NUI has identified its
       critical direct suppliers and vendors. These include, at the very
       highest level of importance, interstate pipeline suppliers,
       telecommunications carriers, and electric suppliers. Interstate
       pipeline suppliers must appropriately schedule and control gas
       supplies to NUI's own distribution systems. Telecommunications
       carriers' digital circuits are used to control and monitor NUI's gas
       distribution system with voice circuits as emergency backup and for
       customers' reporting of emergencies. Electricity supplies are critical
       to NUI's customers for natural gas heating equipment and industrial
       process control.
  
       NUI is assessing the Year 2000 readiness of its critical suppliers and
       the substantial portion of the assessment work will occur throughout
       1999.  Assessment of third party systems is currently scheduled to be
       substantially complete by June 1999.  NUI will continue to work with
       these suppliers through 1999 to gain greater assurance that
       appropriate steps are being taken to ensure security of supply and the
       continued accurate exchange of critical data. Any remediation and
       contingency planning will be reviewed and determined based on the
       results of such third-party assessment.
  
       The total estimated costs of assessing, remediating and testing NUI's
       systems for Year 2000 compliance is approximately $3.5 million, of
       which approximately $2.5 million has been incurred through March 31,
       1999.  Approximately 50% of these costs will relate to capital
       projects.  The Company has, and will continue, to fund these costs
       from the operations of the Company. These estimated costs do not
       include any third-party remediation that may be required, or any
       resulting contingency planning.
  
       Customers are dependent on NUI's reliable and secure gas supply,
       emergency response and billing services. Each of these services relies
       on the Company's computer systems.  A failure in these systems could
       materially interrupt the normal flow of these services and
       significantly impact human safety and physical property and have a
       significant adverse financial impact on NUI, its customers and
       suppliers. NUI and third-party critical suppliers are also
       interdependent, and failure of third-party suppliers to be Year 2000
       ready could significantly impact the Company's ability to serve its
       customers.  Third-party systems are being  reviewed however NUI has
       not ascertained a reasonably likely worst case scenario.  Due to the
       general uncertainty of the Year 2000 problem, resulting in part from
       the uncertainty of the Year 2000 readiness of third-parties, the
       Company is unable to determine at this time whether the consequences
       of year 2000 failures will have a material impact on the Company's
       results of operations or financial condition. The Plan is expected to
       significantly reduce the Company's level of uncertainty about the Year
       2000 problem and the readiness of third-parties. The Company believes
       that due to its Plan, the likelihood of major consequences should be
       reduced.
  
       Contingency plans are being developed as necessary for the Company's
       own systems and its third-party relationships, in response to its
       assessments, remediation and testing activities. Contingency planning
       is currently scheduled to be completed by June 1999.
  
       Forward-Looking Statements
  
       This document contains forward-looking statements within the meaning
       of Section 21E of the Securities Exchange Act of 1934, as amended. 
       The Company cautions that, while it believes such statements to be
       reasonable and are made in good faith, such forward-looking statements
       almost always vary from actual results, and the differences between
       assumptions made in making such statements and actual results can be
       material, depending upon the circumstances.  Factors, which may make
       the actual results differ from anticipated results include, but are
       not limited to, economic conditions; unforeseen competition; weather
       conditions; fluctuations in the price of natural gas and other forms
       of energy; the outcome of certain assumptions made in regard to Year
       2000 issues; and other uncertainties, all of which are difficult to
       predict and many of which are beyond the control of the Company. 
       Accordingly, investors should not rely upon these forward-looking
       statements in making investment decisions.
  
                            PART II - OTHER INFORMATION
  
       Item 4.   Submission of Matters to a Vote of Security Holders
  
       The following matters were presented for submission to a vote of
       security holders through the solicitation of proxies or otherwise
       during the second quarter of fiscal 1999.
  
       The Annual Meeting of Shareholders of NUI Corporation was held on
       January 26, 1999. Proxies for the Annual Meeting were solicited
       pursuant to Regulation 14A and there was no solicitation in opposition
       to management's nominees.  At the meeting, the shareholders elected
       directors and ratified the appointment of independent public
       accountants.
  
       The total votes were as follows:             Against or
                                     For            Withheld       Abstain
  
       (1)  Election of directors
             to serve for three-year
             terms:
            Vera King Farris         10,983,023     115,163
            J. Russell Hawkins       10,988,367     109,819
            John Winthrop            10,990,492     107,694
  
       (2)  Ratification of the
             appointment of
             Arthur Andersen LLP
             as independent
             public accountants      10,574,996     479,407          43,783
  
       Item 6.   Exhibits and Reports on Form 8-K
  
       (a)  Exhibits.
  
       Exhibit
         No.     Description of Exhibit                  Reference
  
         27 Financial Data Schedule                 Filed herewith
  
       (b)  Reports on Form 8-K
  
            None
  
                                     SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
       the Registrant has duly caused this report to be signed on its behalf
       by the undersigned thereunto duly authorized.
  
                                            NUI CORPORATION
  
                                            JOHN KEAN, JR.
       May 14, 1999                         President and Chief
                                            Executive Officer
  
                                            A. MARK ABRAMOVIC
       May 14, 1999                         Senior Vice President and
                                            Chief Financial Officer