FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 (Fee Required)
For the quarterly period ended January 31, 1995
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 (No Fee Required)
For the transition period from to
Commission File No. 1-8709
Canal Capital Corporation and Subsidiaries
(Exact name of registrant as specified in its charter)
Delaware 51-0102492
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
717 Fifth Avenue, New York, NY 10022
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 826-6040
NONE
Former name, former address and former fiscal year, if changed since
last report.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months or for such shorter period that the
registrant was required to file such reports, and (2) has been subject to
such filing requirements for the past 90 days. YES X NO
Indicate the number of shares outstanding for each of the issuer's classes
of common stock, as of the latest practical date:
Title of each class Shares outstanding at February 28, 1995
Common stock, $0.01 par value 4,326,930
(This document contains 24 pages)
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of
1934, the registrant had duly caused this ammended report to be signed on
its behalf by the undersigned thereunto duly authorized.
Canal Capital Corporation
Registrant
Reginald Schauder
Reginald Schauder
Vice President-Finance &
Chief Financial Officer
Date: April 27, 1995
24
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<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> JAN-31-1995
<CASH> (48,444)
<SECURITIES> 0
<RECEIVABLES> 604,085
<ALLOWANCES> 0
<INVENTORY> 500,000
<CURRENT-ASSETS> 1,225,853
<PP&E> 8,617,536
<DEPRECIATION> 5,789,166
<TOTAL-ASSETS> 19,730,887
<CURRENT-LIABILITIES> 5,925,646
<BONDS> 0
<COMMON> 53,138
0
21,218
<OTHER-SE> 5,807,808
<TOTAL-LIABILITY-AND-EQUITY> 19,730,887
<SALES> 151,095
<TOTAL-REVENUES> 1,143,241
<CGS> 147,712
<TOTAL-COSTS> 147,712
<OTHER-EXPENSES> 736,735
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 320,830
<INCOME-PRETAX> (62,036)
<INCOME-TAX> 0
<INCOME-CONTINUING> (62,036)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (62,036)
<EPS-PRIMARY> (0.03)
<EPS-DILUTED> (0.03)
</TABLE>
