CAPITAL STOCK (Tables)

12 Months Ended

Jun. 30, 2016

Equity [Abstract]

Schedule of capital stock authorized, issued, and outstanding

	Shares
			Issued and
	Authorized		Outstanding
Prior Cumulative Preferred Stock, $5 Par Value:
6% Convertible		240,000
Series A				100,000
Series B				100,000
Cumulative Preferred Stock, $20 Par Value:
5% Convertible		150,000
Series A				58,533
Series B				9,539
Common Stock, $1 Par Value:
Reserved for Conversion of
Preferred Stock - 1,030,166 shares		2,000,000		969,834

Schedule of preferred stock dividends in arrears on a per share basis

	2016		2015
6% Convertible
Series A	$	17.25	$	16.95
Series B	$	16.80	$	16.50
5% Convertible
Series A	$	66.75	$	65.75
Series B	$	66.75	$	65.75