CONSOLIDATED STATEMENTS OF CASHFLOWS
thousands of dollars august 31
	97	96	95
operating activities
Net income	$ 6,625	$ 5,052	$ 7,217
Adjustments to reconcile   net income to net cash   from operating activities
Depreciation	12,436	11,739	10,375
Deferred income taxes	89	1,174	1,504
Gain on sale of assets			(899)
Stock compensation expense   related to non-employee   director stock options	246
Change in operating assets     and liabilities     Receivables	(415)	(2,823)	(3,195)
Inventories	(1,304)	(7,902)	2,525
Accounts payable and other	2,545	5,670	(1,181)
Net cash from operating activities	20,222	12,910	16,346
investing activities
Acquisitions of fixed assets, net	(21,493)	(21,472)	(23,019)
Proceeds from sale of assets			2,500
Other	152	1,158	(530)
Net cash used by   investing activities	(21,341)	(20,314)	(21,049)
financing activities
Proceeds from unsecured line of credit	87,875	60,847	41,305
Payments on unsecured line of credit	(87,765)	(54,962)	(41,305)
Proceeds from long-term debt	5,000	15,250	20,000
Payments on long-term debt	(4,127)	(17,270)	(4,100)
Issuance (purchase) of treasury stock	37		(1,310)
Exercise of stock options	3,671	876	75
Purchase of life insurance   for officers' benefit plans	(1,158)	(2,501)	(2,501)
Payment of dividends	(1,391)	(1,017)	(1,360)
Other			(132)
Net cash from financing activities	2,142	1,223	10,672
Net increase (decrease) in cash	1,023	(6,181)	5,969
Cash (bank overdrafts) and cash   equivalents at beginning of year	(847)	5,334	(635)
Cash (bank overdrafts) and cash   equivalents at end of year	$ 176	$ (847)	$ 5,334
supplemental disclosure of cash flow information
Cash paid during the year for:   Interest	$ 5,924	$ 5,392	$ 4,976
Income taxes	$ 1,273	$ 1,317	$ 2,052