FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The assets measured at fair value on a recurring basis are as follows:

As of September 30, 2016	Total
Assets:	Level 1
Investment in marketable securities:
Basic materials	$	9,824,000
Consumer goods		2,013,000
Energy		1,601,000
Financial services		1,485,000
Corporate bonds		1,217,000
Other		3,170,000
	$	19,310,000

As of June 30, 2016	Total
Assets:	Level 1
Investment in marketable securities:
Basic materials	$	9,273,000
Energy		1,907,000
Financial services		1,021,000
Other		2,081,000
	$	14,282,000

Fair Value Measurements, Nonrecurring [Table Text Block]

The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows:

					Net loss for the three months
Assets	Level 3		September 30, 2016		ended September 30, 2016
Other non-marketable investments	$	1,009,000	$	1,009,000	$	(20,000)

					Net loss for the three months
Assets	Level 3		June 30, 2016		ended September 30, 2015
Other non-marketable investments	$	1,029,000	$	1,029,000	$	-