consolidated balance sheet and subsidiaries isets october 31 liabilities and stockholders equity oclober 31 equipment and facilities at cost mining lands leases and development costs . . . mining equipment and facilities mining facilities under development other less — accumulated depreciation depletion and amortization current assets cash accounts and notes receivable current portion of long-term receivables inventories at the lower of average cost or market . . - prepaid expenses total current assets investments affiliated companies note 1 joint ventures and partnerships note 2 land and real estate at cost — real estate held for development and sale land and improved real estate held for investment less accumulated depreciation of 3,556 in 1972 and 3,331 in 1971 other assets net of current portion loans for construction of railroad and power facilities long-term receivables and other 100,830 6,376 303,042 $ 95,122 1,563 current liabilities bank loans and current portion of long-term liabilities accounts payable accrued liabilities accrued income taxes total current liabilities long-term liabilities net of current portion notes 3 and 4 unsecured assessment liens purchase money obligations and other notes secured only by related land and real estate deferred credits income taxes revenue and other . minority interest in subsidiaries contingent liabilities and commitments note 5 stockholders equity preferred stock without par value — authorized — 1 000,000 shares issued — none common stock par value 2 per share notes 3 and 6 — authorized — 40,000,000 shares issued — 14 376,244 shares in 1972 and 14,321,748 shares in 1971 paid-in capital detained earnings including equity in undistributed earnings of affiliates notes 1 and 4 treasury stock at cost — 231 shares in 1971 the accompanying a