Property Held for Development or Resale

12 Months Ended

Oct. 31, 2011

Property Held for Development or Resale [Text Block]

13. Property Held for Development or Resale

A schedule of the Company’s property held for development or resale at October 31, 2011 is as follows (000's omitted):

Description (1)		Land
2 acres of land in Sioux City, Ia Acquired in 1937 - Historical cost	$	53

Substantially all of Canal’s real property is pledged as collateral for its related party debt obligations (see note 4).