PENSION BENEFITS (Details 6) (USD $)	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2010
Compensation and Retirement Disclosure [Abstract]
Projected benefit obligation	$ 10,201,594	$ 8,765,206
Accumulated benefit obligation	10,201,594	8,765,206
Fair value of plan assets	$ 5,960,630	$ 5,452,890	$ 4,869,192

For defined benefit pension plans, the actuarial present value of benefits (whether vested or nonvested) attributed by the pension benefit formula to employee service rendered before a specified date and based on employee service and compensation (if applicable) before that date. The accumulated benefit obligation differs from the projected benefit obligation in that it includes no assumption about future compensation levels. For plans with flat-benefit or nonpay-related pension benefit formulas, the accumulated benefit obligation and the projected benefit obligation are the same.

+ References+ Details

Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets.

+ References+ Details