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CONDENSED CONSOLIDATED BALANCE SHEETS
December 31 (In thousands)		1998			1997
Assets
Current assets:
Cash and cash equivalents	$	36,022		$	20,269
Accounts receivable (less allowance for doubtful accounts
of $3,149 in 1998 and $3,010 in 1997)		154,258			176,585
Inventories		107,241			127,192
Other current assets		7,231			28,362
Total current assets		304,752			352,408
Property, plant and equipment, net		237,414			220,094
Intangible assets (less accumulated amortization of $17,289 in 1998
and $10,000 in 1997)		76,507			77,394
Deferred income taxes		108,545			88,760
Other assets		35,222			34,150
Total assets	$	762,440		$	772,806
Liabilities and Shareholders' Equity
Current liabilities:
Notes payable	$	171,340		$	165,576
Accounts payable		39,729			46,088
Accrued expenses		75,544			74,856
Dividends payable		4,847			4,369
Accrued retirement plan contributions		6,931			7,088
Accrued income taxes payable		290			13,458
Total current liabilities		298,681			311,435
Long-term debt		299,110			286,844
Other liabilities		27,741			25,533
Commitments and contingent liabilities		-			-
Shareholders' equity:
Common stock, par value $1.00 per share, 120,000 shares authorized;
56,988 shares issued as of December 31, 1998 and 1997		56,988			56,988
Additional paid-in capital		11,780			10,927
Retained earnings		472,746			490,289
Accumulated other comprehensive loss		(  27,668	)		(  21,720	)
Less: Treasury stock at cost, 12,921 and 13,291 shares		513,846			536,484
as of December 31, 1998 and 1997, respectively		(  376,938	)		(  387,490	)
Total shareholders' equity		136,908			148,994
Total liabilities and shareholders' equity	$	762,440		$	772,806

For complete consolidated financial statements and related footnotes refer to Form 10-K for fiscal year 1998.