HUTTON <EFH> STILL INTERESTED IN PUROLATOR <PCC> E.F. Hutton LBO Inc is still interested in an acquisition of Purolator Courier Corp, and is examining the possibility of raising its 35 dlr per share offer, an E.F. Hutton spokesman said. Hutton's offer was topped by a 40 dlr per share offer from Emery Air Freight Corp <EAF> earlier this week. "We're definately not out of it at this point," the Hutton spokesman said. "We want to see what the offer is completely and understand it fully, and then fashion our response," the spokesman said. After Emery made its offer, Hutton extended the deadline on its offer to Monday. The offer was to have expired Wednesday. Analysts said it might be difficult for Hutton to raise the offer since Emery, an overnight courier, might have an easier time justifying a lofty price since it would realize cost savings by combining its business with those of Purolator. Purolator, a New Jersey-based overnight courier, has declined comment. Purolator had traded above the Hutton offer price on speculation a new bidder would emerge. It was up 1/8 today at 40-3/8, above the Emery offer.