PROPERTY ON OPERATING LEASES

9 Months Ended

Jul. 31, 2012

PROPERTY ON OPERATING LEASES [Text Block]

12. PROPERTY ON OPERATING LEASES

     A schedule of the Company’s property on operating leases at July 31, 2012 is as follows (000's omitted):

						Current Year
						(Retirements
		Historical Cost				Additions									Carrying
				Bldgs. &					Bldgs. &			Accum.			Value
Description (1)		Land		Imprvmts.		Land			Imprvmts.			Depr.			07/31/12
New York office Leasehold assets	$	0	$	8	$	0		$	0		$	(8	)	$	0
9 acres of land in Omaha, NE Acquired in 1976		1,150		35		0			0			(21	)		1,164
3 acres of land in S. St. Paul, MN Acquired in 1937		10		485		(10	)		(485	)		0			0
4 acres of land in Sioux City, IA Acquired in 1937		475		0		(475	)		0			0			0
	$	1,635	$	520	$	(485	)	$	(485	)	$	(21	)	$	1,164

Substantially all of Canal’s real property is pledged as collateral for its related party debt obligations.