FINANCIAL INFORMATION FOR BUSINESS SEGMENTS

12 Months Ended

Oct. 31, 2011

FINANCIAL INFORMATION FOR BUSINESS SEGMENTS [Text Block]

10. FINANCIAL INFORMATION FOR BUSINESS SEGMENTS

Canal is engaged in two distinct businesses -- real estate and stockyard operations.

The following summary presents segment information relating to these lines of business except for the respective revenues, operating income and the reconciliation of operating income with pre-tax income which information is presented on Canal's income statement.

		October 31,
		2011		2010
Identifiable assets:
Real estate	$	1,720,000	$	2,005,000
Stockyard operations		1,363,000		1,654,000
Corporate		86,000		112,000
	$	3,169,000	$	3,731,000

		2011		2010
Capital expenditures:
Real estate	$	14,000	$	340,000
Stockyard operations		58,000		60,000
Corporate		0		0
	$	72,000	$	400,000

Income from real estate operations includes gains on sales of real estate of $0 and $1,242,000 in 2011 and 2010, respectively.