Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2011	Mar. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 19,564,487	$ 7,210,290
Accounts receivable, net of allowances for bad debts and cash discounts of $37,276 at September 30 and March 31, 2011	12,273,432	12,594,954
Inventories	26,259,453	34,679,270
Other	233,653	77,830
TOTAL CURRENT ASSETS	58,331,025	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	30,085,255	29,876,767
Less accumulated depreciation	(24,757,691)	(23,841,491)
Total property, plant and equipment	13,424,075	14,131,787
OTHER ASSETS:
Cash value of officers' life insurance and other assets	920,500	890,000
TOTAL ASSETS	72,675,600	69,584,131
CURRENT LIABILITIES:
Accounts payable and accrued expenses	8,238,005	7,338,762
Income taxes payable	59,150	350,961
Deferred credit for LIFO inventory replacement	30,981	0
Dividends payable	883,928	747,939
Contribution to profit sharing plan	150,200	50,000
Employee compensation and related expenses	825,370	979,713
TOTAL CURRENT LIABILITIES	10,187,634	9,467,375
DEFERRED INCOME TAXES	491,348	536,699
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	815,641	777,543
STOCKHOLDERS' EQUITY:
Common stock, par value $1: Authorized shares - 10,000,000 Issued shares - 7,975,160 at September 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 September 30 and March 31, 2011)	(5,475,964)	(5,475,964)
Retained earnings	29,678,107	27,299,644
TOTAL STOCKHOLDERS' EQUITY	61,180,977	58,802,514
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 72,675,600	$ 69,584,131