Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Dec. 31, 2011	Mar. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 19,498,049	$ 7,210,290
Accounts receivable, net of allowances for bad debts and cash discounts of $37,276 at December 31 and March 31, 2011	12,253,389	12,594,954
Inventories	28,822,263	34,679,270
Other	169,710	77,830
TOTAL CURRENT ASSETS	60,743,411	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	30,186,038	29,876,767
Less accumulated depreciation	(25,219,091)	(23,841,491)
Total property, plant and equipment	13,063,458	14,131,787
OTHER ASSETS:
Cash value of officers' life insurance and other assets	935,750	890,000
TOTAL ASSETS	74,742,619	69,584,131
CURRENT LIABILITIES:
Accounts payable and accrued expenses	9,277,810	7,338,762
Income taxes payable	0	350,961
Deferred credit for LIFO inventory replacement	363,623	0
Dividends payable	883,928	747,939
Contribution to profit-sharing plan	200,300	50,000
Employee compensation and related expenses	617,295	979,713
TOTAL CURRENT LIABILITIES	11,342,956	9,467,375
DEFERRED INCOME TAXES	468,673	536,699
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	834,690	777,543
STOCKHOLDERS' EQUITY:
Common stock, par value $1: Authorized shares - 10,000,000 Issued shares - 7,975,160 at December 31 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 December 31 and March 31, 2011)	(5,475,964)	(5,475,964)
Retained earnings	30,593,430	27,299,644
TOTAL STOCKHOLDERS' EQUITY	62,096,300	58,802,514
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 74,742,619	$ 69,584,131