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BELDING HEMINWAY COMPANY, INC. REPORTS SALES AND EARNINGS FOR THE FIRST QUARTER OF 1993

 NEW YORK, May 4 /PRNewswire/ -- Belding Heminway Company, Inc. (NYSE: BHY) today reported sales and earnings per share, as per the attached, for the first quarter of 1993.
 Belding Heminway Company, Inc. is a leading producer of high-technology threads and specialty fabrics and a leading marketer of diversified line of consumer products.
 Belding Heminway Company, Inc. also has investments in entities owning real estate and a cellular telephone license.
 BELDING HEMINWAY COMPANY, INC.
 First Quarter Results
 (All amounts in thousands, except per share data)
 First quarter ended 1993 1992
 Net sales $33,228 $35,727
 Income from operations excluding
 subsidiary to be sold 479 854
 Loss from operations of a significant
 subsidiary disposed subsequent
 to March 31, 1993 (363)(A) (184)(B)
 Accounting adjustments (38)(C) --
 Net income 78 670
 Earnings per share
 Income from operations excluding
 subsidiary to be sold 0.25 0.44
 Loss from operations of a significant
 subsidiary disposed of subsequent
 to March 31, 1993. (0.19)(A) (0.09)(B)
 Accounting adjustments (0.02)(C) --
 Net income 0.04 0.35
 (A) -- Subsequent to the end of this quarter, substantially all of the assets of a significant subsidiary were sold, and the company anticipates that they will realize a loss on this transaction.
 (B) -- Reclassified for comparative purposes.
 (C) -- Effect of accounting changes resulting from the Adoption of FAS No. 109 and 106.
 Per common share (based on average shares outstanding and common stock equivalents -- 1,953,000 in 1993 and 1,940,000 in 1992.
 -0- 5/4/93
 /CONTACT: Ronald V. Kaplan, vice president and treasurer of Belding Heminway Company, 212-556-4700/
 (BHY)


CO: Belding Heminway Company, Inc. ST: New York IN: TEX SU: ERN

TS-LR -- NY067 -- 4445 05/04/93 15:20 EDT
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Date:May 4, 1993
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