CONSOLIDATED BALANCE SHEETS (USD $)	Jul. 31, 2011	Oct. 31, 2010
CURRENT ASSETS:
CASH AND CASH EQUIVALENTS	$ 78,472	$ 510,361
RESTRICTED CASH - TRANSIT INSURANCE	40,700	26,000
ACCOUNTS RECEIVABLE	96,784	163,879
STOCKYARDS INVENTORY	1,260	14,608
PREPAID EXPENSES	29,642	12,461
TOTAL CURRENT ASSETS	246,858	727,309
NON-CURRENT ASSETS:
PROPERTY ON OPERATING LEASES, NET OF ACCUMULATED DEPRECIATION OF $489,047 AND $472,399 AT JULY 31, 2011 AND OCTOBER 31, 2010, RESPECTIVELY	1,673,557	1,676,407
PROPERTY USED IN STOCKYARD OPERATIONS, NET OF ACCUMULATED DEPRECIATION OF $207,157 AND $191,857 AT JULY 31, 2011 AND OCTOBER 31, 2010, RESPECTIVELY	1,056,282	1,034,672
PROPERTY HELD FOR DEVELOPMENT OR RESALE	52,250	52,250
OTHER ASSETS:
RESTRICTED CASH - LETTER OF CREDIT	140,000	140,000
ART INVENTORY	100,000	100,000
TOTAL OTHER ASSETS	240,000	240,000
TOTAL ASSETS	3,268,947	3,730,638
CURRENT LIABILITIES:
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	99,091	156,461
LINE OF CREDIT - ORDER BUYING	0	154,366
TRANSIT INSURANCE	40,700	26,000
TOTAL CURRENT LIABILITIES	139,791	336,827
NON-CURRENT LIABILITIES:
LONG-TERM DEBT, RELATED PARTY	847,000	847,000
LONG-TERM PENSION LIABILITY	714,830	869,676
SALARIES AND INTEREST PAYABLE - OFFICERS	344,025	175,000
REAL ESTATE TAXES PAYABLE	55,182	44,543
TOTAL NON-CURRENT LIABILITIES	1,961,037	1,936,219
COMMITMENTS AND CONTINGENCIES	0	0
STOCKHOLDERS' EQUITY:
PREFERRED STOCK, $0.01 PAR VALUE: 10,000,000 SHARES AUTHORIZED; 9,102,655 SHARES ISSUED AND OUTSTANDING AT JULY 31, 2011 AND OCTOBER 31, 2010, RESPECTIVELY AND AGGREGATE LIQUIDATION PREFERENCE OF $10 PER SHARE FOR $ 91,026,550 AT JULY 31, 2011 AND OCTOBER 31, 2010, RESPECTIVELY	91,027	91,027
COMMON STOCK, $0.01 PAR VALUE: 10,000,000 SHARES AUTHORIZED; 5,313,794 SHARES ISSUED AND 4,326,929 SHARES OUT- STANDING AT JULY 31, 2011 AND OCTOBER 31, 2010, RESPECTIVELY	53,138	53,138
ADDITIONAL PAID-IN CAPITAL	25,526,721	25,526,721
ACCUMULATED DEFICIT	(11,685,849)	(11,315,376)
986,865 SHARES OF COMMON STOCK HELD IN TREASURY, AT COST	(11,003,545)	(11,003,545)
COMPREHENSIVE INCOME:
PENSION VALUATION RESERVE	(1,813,373)	(1,894,373)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY	1,168,119	1,457,592
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	$ 3,268,947	$ 3,730,638

CANAL CAPITAL CORP 10-Q/A