Rule 424(b)(3)
File No. 33-56509
CUSIP No.: 62943Q AB8
Pricing Supplement No. 2 Dated May 18, 1995
(To Prospectus dated January 12, 1995 and
Prospectus Supplement dated February 6, 1995)
$100,000,000
NUI CORPORATION
Medium-Term Notes, Series A
Due Not Less Than Nine Months From Date Of Issue
Principal Amount: $20,000,000
Issue Price: 100%
Original Issue Date: May 25, 1995
Stated Maturity: August 1, 2002
Interest Rate: 7.125%
Form: Book-Entry
Agents' Discount or Commission: .577%
Redemption: The Notes are not redeemable
prior to their Stated
Maturity.
Initial Interest Payment Date: August 1, 1995
Subject to the terms and conditions set forth in a Terms
Agreement (the "Terms Agreement"), dated May 18, 1995, between
the Company and Lehman Brothers Inc. (the "Purchaser"), the
Purchaser has agreed to purchase from the Company, and the
Company has agreed to sell to the Purchaser, as principal,
$20,000,000 principal amount of the Notes.
Under the terms and conditions of the Terms Agreement, the
Purchaser is authorized to utilize a selling or dealer group in
connection with the resale of the Notes.
The Company has been advised by the Purchaser that it
proposes to offer the Notes to one or more investors or other
purchasers, including other dealers, from time to time in one or
more transactions, including negotiated transactions, at varying
prices related to prevailing market prices at the time of resale.<PAGE>
