Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2011	Mar. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 17,004,461	$ 7,210,290
Accounts receivable, net of allowances for bad debts and cash discounts of $37,276 at June 30 and March 31, 2011	11,370,200	12,594,954
Inventories	29,615,433	34,679,270
Other	165,815	77,830
TOTAL CURRENT ASSETS	58,155,909	54,562,344
PROPERTY, PLANT AND EQUIPMENT:
Land	1,082,331	1,082,331
Buildings and yard improvements	7,014,180	7,014,180
Machinery and equipment	30,040,737	29,876,767
Less accumulated depreciation	(24,299,591)	(23,841,491)
Total property, plant and equipment	13,837,657	14,131,787
OTHER ASSETS:
Cash value of officers' life insurance and other assets	905,250	890,000
TOTAL ASSETS	72,898,816	69,584,131
CURRENT LIABILITIES:
Accounts payable and accrued expenses	9,249,200	7,338,762
Income taxes payable	821,443	350,961
Deferred credit for LIFO inventory replacement	82,653	0
Dividends payable	883,927	747,939
Contribution to profit sharing plan	100,100	50,000
Employee compensation and related expenses	700,880	979,713
TOTAL CURRENT LIABILITIES	11,838,203	9,467,375
DEFERRED INCOME TAXES	514,024	536,699
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	796,592	777,543
STOCKHOLDERS' EQUITY:
Common stock, par value $1:Authorized shares - 10,000,000 Issued shares - 7,975,160 at June 30 and March 31, 2011	7,975,160	7,975,160
Additional paid-in capital	29,003,674	29,003,674
Treasury stock at cost (1,175,716 shares at June 30 and March 31, 2011)	(5,475,964)	(5,475,964)
Retained earnings	28,247,127	27,299,644
TOTAL STOCKHOLDERS' EQUITY	59,749,997	58,802,514
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 72,898,816	$ 69,584,131