CASH FLOW INFORMATION

12 Months Ended

Jul. 31, 2014

CASH FLOW INFORMATION [Abstract]

CASH FLOW INFORMATION

9. 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,
	2014		2013		2012
Interest paid, net of capitalized interest of $16,300 (2014),
$24,659 (2013) and $4,056 (2012)	$	424,039	$	427,278	$	541,301
Income taxes paid	$	720,583	$	637,382	$	259,061