CASH FLOW INFORMATION

12 Months Ended

Jul. 31, 2013

10. CASH FLOW INFORMATION:

For purposes of reporting cash flows, the Company considers cash equivalents to consist of short-term highly liquid investments with maturities of three months or less, which are readily convertible into cash.

Supplemental disclosures:

	July 31,
	2013		2012		2011
Interest paid, net of capitalized interest of $24,659 (2013),
$4,056 (2012) and $44,108 (2011)	$	427,278	$	541,301	$	658,004
Income taxes paid	$	637,382	$	259,061	$	333,380