consolidated balance assets current assets cash accounts and notes receivable from operations municipal bonds inventories at the lower of cost or market — iron and uranium ore and coal construction in progress repair parts and supplies . prepaid expenses total current assets investments affiliated companies note 1 equity in joint ventures land and real estate — land held for development and sale land held for investment improved real estate held for investment less accumulated depreciation of 624,558 in 1960 and 254,788 in 1959 other assets long-term receivables other construction and mining equipment and facilities at cost : construction equipment and facilities temporary construction facilities mining lands and leases mining and ore-processing equipment and facilities . less — accumulated depreciation and depletion $ 3,365,398 9,485,454 2,146,500 2,043,225 2,218,363 902,530 20,161,470 18,597,431 4,042,853 13,489,363 2,551,530 7,332,300 846,013,477 $ 6,073,434 1,915,280 $ 7,988,714 14,469,408 1,673,346 5,894,024 17,549,419 39,586,197 20,002,451 19,583,746 93,747,407 j 5.517,223 9,684,786 1,664,456 3,713,221 1,478,427 22,058,113 14,546,736 2,401,465 13,541,688 2,562,300 39,332,454 $ 5,262,252 3,924,653 $ 9,186,905 15,137,865 1,321,649 5,269,486 18,055,024 39,784,024 18,015,568 21,768,456 92,345,928 october 31 1960 and 1959 liabilities and ! ckholders equity current liabilities current portion of bank loans notes and contracts payable accounts payable accrued liabilities accrued federal income taxes total current liabilities long-term liabilities bank loans — parent company term loan due on or before october 31 1963 . , construction loan secured by improved real estate other bank loans due in annual installments to 1965 notes and contracts payable due in variable annual installments to 1977 . deferred income taxes reserve for employees retirement plan based on profit sharing . . other stockholders equity capital stock par value 2 per share — authorized 10,000,000 shares 17,750 shares reserved for issuance under employees stock purchase plan issued and outstanding 2,069,883 shares in 1960 and 2,029,858 shares in 1959 note 2 capital surplus note 3 earned surplus 16,456,829 restricted at october 31 1960 under parent company bank loan agreement equity in undistributed earnings of affiliates note 1 total stockholders equity s 2,885,154 4,362,116 2,620,159 351,492 10,218,921 $ 4,139,766 3,403,405 30,607,000 13,208,096 51,358,267 93,747,407 $ 4,635,666 3,841,084 2,617,814 1,730,942 12,825,506 $ 4,059,716 1,542,252 29,104,179 10,041,894 44,748,041 92,345,928