2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2013

Summary Of Significant Accounting Policies Tables

Schedule of accounts receivable

	2013		2012
Allowance for doubtful accounts	$	65,000	$	126,674
Reserve for other allowances		35,000		47 ,000
Reserve for sales discounts		44,000		40,000
Totals	$	144,000	$	213,674

Schedule of commodited held by brokers

	2013			2012
Option contracts	$	(188,819	)	$	253,369
Future contracts		(795,221	)		(1,620,758	)
Commodities due to broker	$	(984,040	)	$	(1,367,389	)

	Year Ended October 31,
	2013			2012
Gross realized gains	$	1,836,103		$	4,112,394
Gross realized (losses)		(8,044,751	)		(4,779,697	)
Unrealized gains (losses)		383,349			500,169
Total	$	(5,825,299	)	$	(167,134	)

Schedule of earnings per share

	2013			2012
Net (Loss) income	$	(1,480,235	)	$	2,485,677
BASIC EARNINGS:
Weighted average number of common shares
outstanding		6,372,309			6,372,309
Basic (loss) earnings per common share	$	(0.23	)	$	0.39
DILUTED EARNINGS:
Weighted average number of common shares
outstanding		6,372,309			6,372,309
Warrants		-			267,000
Weighted average number of common shares
outstanding - as adjusted		6,372,309			6,639,309
Diluted (loss) earnings per common share	$	(0.23	)	$	0.37