CONSOLIDATED BALANCE SHEETS (USD $)	Jul. 31, 2012	Oct. 31, 2011
CURRENT ASSETS:
CASH AND CASH EQUIVALENTS	$ 195,193	$ 35,514
RESTRICTED CASH - TRANSIT INSURANCE	37,689	35,484
ACCOUNTS RECEIVABLE	131,160	120,300
STOCKYARDS INVENTORY	1,650	20,749
PREPAID EXPENSES	25,257	13,948
TOTAL CURRENT ASSETS	390,949	225,995
NON-CURRENT ASSETS:
PROPERTY ON OPERATING LEASES, NET OF ACCUMULATED DEPRECIATION OF $28,584 AND $494,599 AT JULY 31, 2012 AND OCTOBER 31, 2011, RESPECTIVELY	1,163,891	1,668,008
PROPERTY USED IN STOCKYARD OPERATIONS, NET OF ACCUMULATED DEPRECIATION OF $226,657 AND $212,257 AT JULY 31, 2012 AND OCTOBER 31, 2011, RESPECTIVELY	1,057,867	1,072,267
PROPERTY HELD FOR DEVELOPMENT OR RESALE	52,250	52,250
OTHER ASSETS:
RESTRICTED CASH - LETTER OF CREDIT	155,000	140,000
ART INVENTORY	10,000	10,000
TOTAL OTHER ASSETS	165,000	150,000
TOTAL ASSETS	2,829,957	3,168,520
CURRENT LIABILITIES:
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	23,459	160,370
LINE OF CREDIT - ORDER BUYING	74,000	106,395
TRANSIT INSURANCE	37,689	35,484
TOTAL CURRENT LIABILITIES	135,148	302,249
NON-CURRENT LIABILITIES:
LONG-TERM DEBT, RELATED PARTY	564,000	847,000
LONG-TERM PENSION LIABILITY	630,761	812,820
SALARIES AND INTEREST PAYABLE - OFFICERS	41,233	458,700
REAL ESTATE TAXES PAYABLE	66,617	56,200
TOTAL NON-CURRENT LIABILITIES	1,302,611	2,174,720
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, 2012 AND OCTOBER 31, 2011, RESPECTIVELY AND AGGREGATE LIQUIDATION PREFERENCE OF $10 PER SHARE FOR $ 91,026,550 AT JULY 31, 2012 AND OCTOBER 31, 2011, 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, 2012 AND OCTOBER 31, 2011, RESPECTIVELY	53,138	53,138
ADDITIONAL PAID-IN CAPITAL	25,526,721	25,526,721
ACCUMULATED DEFICIT	(11,437,017)	(12,056,664)
986,865 SHARES OF COMMON STOCK HELD IN TREASURY, AT COST	(11,003,545)	(11,003,545)
COMPREHENSIVE INCOME: PENSION VALUATION RESERVE	(1,838,126)	(1,919,126)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY	1,392,198	691,551
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	$ 2,829,957	$ 3,168,520

CANAL CAPITAL CORP 10-Q