SOUTHAM INC &lt;STM.TO> 1ST QTR NET
  Oper shr 32 cts vs 37 cts
      Oper net 18.9 mln vs 21.6 mln
      Revs 352.1 mln vs 323.0 mln
      Note: 1987 net excludes extraordinary gain of 2.8 mln dlrs
  or five cts shr from sale of surplus property.
  

