Consolidated Statements of Cash Flows
Years Ended October 31, 1996, 1995 and 1994             1996            1995            1994
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CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                      $ 42,503,000    $ 23,286,000    $ 31,240,000
Adjustments to reconcile net income to net 
 cash provided by operating activities:
  Depreciation and amortization                   21,247,000      17,852,000      15,158,000
  Provision for doubtful accounts                  5,208,000       2,771,000       2,071,000
  Gain on sales of securities and 
   other investments                              (3,010,000)       (158,000)     (3,228,000)
  Provision for deferred employee 
   compensation                                    1,229,000       1,242,000       1,328,000
  Deferred income taxes                           (1,740,000)        607,000       1,370,000
  Other                                              103,000        (296,000)     (1,050,000)
Increase (decrease) in cash resulting 
 from changes in:
  Accounts receivable                            (47,392,000)    (26,766,000)         (3,000)
  Inventories                                     (6,468,000)     (6,832,000)      1,513,000
  Prepaid expenses and other current assets       (1,298,000)      1,745,000      (2,894,000)
  Trade payables                                   4,345,000       3,599,000        (646,000)
  EmployeesÕ compensation                          9,767,000       4,375,000      (3,570,000)
  Accrued expenses and taxes                       6,448,000       6,303,000      (6,940,000)
                                                ------------    ------------    ------------
Net cash provided by operating activities         30,942,000      27,728,000      34,349,000
                                                ------------    ------------    ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of marketable securities and 
 other investments                                (3,854,000)     (7,840,000)     (2,972,000)
Proceeds from sales of marketable securities 
 and other investments                            16,402,000       4,569,000      13,617,000
Purchase of real estate, equipment and 
 leasehold improvements                          (44,485,000)    (19,954,000)    (27,197,000)
                                                ------------    ------------    ------------
Net cash used in investing activities            (31,937,000)    (23,225,000)    (16,552,000)
                                                ------------    ------------    ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of debt                                     (658,000)       (351,000)     (7,958,000)
Proceeds from stock options exercised              3,696,000         327,000       1,042,000
Payment of dividends                              (6,335,000)     (6,260,000)     (5,468,000)
Purchase of treasury stock                          (417,000)        (74,000)        (65,000)
                                                ------------    ------------    ------------
Net cash used in financing activities             (3,714,000)     (6,358,000)    (12,449,000)
                                                ------------    ------------    ------------
Effect of exchange rate changes on cash               (2,000)        (19,000)         49,000
                                                ------------    ------------    ------------
Net increase (decrease) in cash and 
 cash equivalents                                 (4,711,000)     (1,874,000)      5,397,000
Cash and cash equivalents 
 - beginning of the year                          36,590,000      38,464,000      33,067,000
                                                ------------    ------------    ------------
CASH AND CASH EQUIVALENTS 
 - END OF THE YEAR                              $ 31,879,000    $ 36,590,000    $ 38,464,000
                                                ============    ============    ============
Supplemental cash flow disclosure:
  Income taxes paid                             $ 31,508,000    $ 11,489,000    $ 28,961,000
                                                ============    ============    ============
  Interest paid                                 $    662,000	$    871,000	$  1,267,000
                                                ============    ============    ============

See Notes to Consolidated Financial Statements.

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