The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M COMPANY COM 88579Y101 33,739 237,986 SH   SOLE   236,986 0 1,000
ALBANY MOL. COM 012423109 523 30,000 SH   SOLE   30,000 0 0
ALPHABET INC CL A COM 38259P508 1,154 1,807 SH   SOLE   1,807 0 0
ALPHABET INC CL C COM 38259P706 1,125 1,849 SH   SOLE   1,849 0 0
ALTRIA GROUP INC. COM 02209S103 1,098 20,184 SH   SOLE   20,184 0 0
AMAZON.COM COM 023135106 368 719 SH   SOLE   719 0 0
ANTERO RES CORP COM 03674X106 5,876 277,700 SH   SOLE   277,700 0 0
APPLE INC COM 037833100 4,702 42,625 SH   SOLE   42,625 0 0
ARES CAP CORP COM 04010L103 550 38,000 SH   SOLE   38,000 0 0
ASCENT CAPITAL GROUP COM 043632108 6,985 255,100 SH   SOLE   255,100 0 0
AT&T CORP. COM 001957109 2,448 75,145 SH   SOLE   75,145 0 0
BANK OF AMERICA COM 060505104 230 14,790 SH   SOLE   14,790 0 0
BERKSHIRE HATH A COM 084670108 1,171 6 SH   SOLE   6 0 0
BERKSHIRE HATH B COM 084670702 22,950 176,000 SH   SOLE   174,950 0 1,050
BLACKBERRY COM 09228f103 12,772 2,083,600 SH   SOLE   2,083,600 0 0
BRISTOL-MYERS COM 110122108 393 6,634 SH   SOLE   6,634 0 0
CATERPILLAR INC COM 149123101 830 12,700 SH   SOLE   12,700 0 0
CHEMOURS CO COM 163851108 537 83,012 SH   SOLE   82,462 0 550
CHEVRON CORP COM 166764100 18,203 230,774 SH   SOLE   227,474 0 3,300
CISCO SYSTEMS COM 17275R102 24,078 917,240 SH   SOLE   911,940 0 5,300
CNO FINANCIAL COM 12621E103 267 14,200 SH   SOLE   14,200 0 0
COCA COLA BOTTLNG COM 191098102 387 2,000 SH   SOLE   2,000 0 0
COCA COLA CO COM 191216100 13,032 324,833 SH   SOLE   322,133 0 2,700
CONOCOPHILLIPS COM 20825C104 336 7,000 SH   SOLE   7,000 0 0
CORNING, INC. COM 219350105 21,960 1,282,712 SH   SOLE   1,273,712 0 9,000
CRIMSON WINE GROUP LTD COM 22662X100 407 45,000 SH   SOLE   45,000 0 0
CVS HEALTH CORP COM 126650100 31,586 327,385 SH   SOLE   325,485 0 1,900
DEERE & CO COM 244199105 22,887 309,280 SH   SOLE   307,480 0 1,800
DISCOVER COMM C COM 25470F302 16,942 697,500 SH   SOLE   697,500 0 0
DU PONT COM 263534109 26,783 555,655 SH   SOLE   552,305 0 3,350
EMC CORP./MASS COM 268648102 519 21,500 SH   SOLE   21,500 0 0
EXCO RES INC COM 269279402 2,689 3,584,844 SH   SOLE   3,584,844 0 0
EXXON MOBIL COM 30231G102 2,452 32,982 SH   SOLE   32,982 0 0
FACEBOOK COM 30303m102 354 3,940 SH   SOLE   3,940 0 0
FEDERAL MOGUL HOLDINGS COM 313549404 17,636 2,582,100 SH   SOLE   2,582,100 0 0
FEDERATED INVS. COM 314211103 271 9,362 SH   SOLE   9,362 0 0
FEDEX CORP COM 31428X106 3,151 21,883 SH   SOLE   21,883 0 0
FIBROCELL SCIENCE COM 315721209 423 110,000 SH   SOLE   110,000 0 0
FREEPORT-MCMORAN COM 35671d857 8,619 889,501 SH   SOLE   882,001 0 7,500
GENERAL ELECTRIC COM 369604103 644 25,547 SH   SOLE   25,547 0 0
GENERAL MOTORS COM 37045v100 29,258 974,625 SH   SOLE   968,225 0 6,400
HALCON RES CORP COM 40537Q209 95 180,000 SH   SOLE   180,000 0 0
HALLIBURTON CO. COM 406216101 306 8,662 SH   SOLE   8,662 0 0
HALLMARK FINL SVCS INC COM 40624Q203 10,386 903,948 SH   SOLE   903,948 0 0
HENRY SCHEIN COM 806407102 749 5,645 SH   SOLE   5,645 0 0
HOME DEPOT INC. COM 437076102 262 2,270 SH   SOLE   2,270 0 0
ILLINOIS TOOL WKS COM 452308109 242 2,938 SH   SOLE   2,938 0 0
INTEL CORP COM 458140100 16,389 543,770 SH   SOLE   538,170 0 5,600
INTREXON CORP COM 46122t102 302 9,500 SH   SOLE   9,500 0 0
J.P. MORGAN CHASE COM 46625H100 23,414 384,025 SH   SOLE   382,275 0 1,750
JAKKS PAC INC COM 47012e106 8,626 1,012,500 SH   SOLE   1,012,500 0 0
JOHNSON&JOHNSON COM 478160104 16,880 180,822 SH   SOLE   180,322 0 500
KLX INC COM 482539103 4,110 115,000 SH   SOLE   115,000 0 0
LEAPFROG ENTER COM 52186N106 7 10,000 SH   SOLE   10,000 0 0
LIBERTY INTERACTIVE CORP-SER A COM 53071M104 14,886 567,500 SH   SOLE   567,500 0 0
LIQUIDITY SERVICES COM 53635B107 10,716 1,450,003 SH   SOLE   1,450,003 0 0
MANNKIND CORP COM 56400p201 32 10,000 SH   SOLE   10,000 0 0
MCEWEN MNG INC COM 58039P107 5,607 6,410,440 SH   SOLE   6,410,440 0 0
MERCK & CO. INC. COM 58933Y105 311 6,304 SH   SOLE   6,304 0 0
MICROSOFT CORP COM 594918104 32,430 732,723 SH   SOLE   730,223 0 2,500
MONDELEZ INTL COM 609207105 315 7,534 SH   SOLE   7,534 0 0
NABORS INDUSTRIES COM g6359f103 11,966 1,266,200 SH   SOLE   1,264,200 0 2,000
NANOVIRICIDES COM 630087203 71 60,000 SH   SOLE   60,000 0 0
NUANCE COMM. COM 67020Y100 22,159 1,353,658 SH   SOLE   1,353,658 0 0
ORACLE CORP. COM 68389X105 207 5,730 SH   SOLE   5,730 0 0
PEPSICO INC COM 713448108 296 3,134 SH   SOLE   3,134 0 0
PFIZER INC COM 717081103 27,863 887,086 SH   SOLE   883,586 0 3,500
PHARMERICA COM 71714F104 412 14,465 SH   SOLE   14,465 0 0
PHILIP MORRIS INTl. COM 718172109 18,875 237,931 SH   SOLE   236,131 0 1,800
PHILLIPS 66 COM 718546104 269 3,500 SH   SOLE   3,500 0 0
PNC FINANCIAL COM 693475105 829 9,295 SH   SOLE   9,295 0 0
PROCTER & GAMBLE COM 742718109 456 6,332 SH   SOLE   6,332 0 0
QUALCOMM INC. COM 747525103 31,817 592,168 SH   SOLE   589,168 0 3,000
ROYAL DUTCH SHELL COM 780259206 654 13,800 SH   SOLE   13,800 0 0
SEASPAN SHS Y75638109 689 45,000 SH   SOLE   45,000 0 0
SOUTHWSTRN ENERGY COM 845467109 457 36,000 SH   SOLE   36,000 0 0
THERATECHNOLOGIES INC COM COM 88338H100 24 15,000 SH   SOLE   15,000 0 0
TITAN INTL INC COM 88830M102 13,111 1,983,441 SH   SOLE   1,981,441 0 2,000
TRISTATE CAP HLDGS INC COM 89668F100 337 27,000 SH   SOLE   27,000 0 0
UNITED BANKSHARES COM 909907107 3,118 82,069 SH   SOLE   82,069 0 0
UNITEDHEALTH GROUP COM 91324P102 283 2,440 SH   SOLE   2,440 0 0
USG CORP NEW COM 903293405 11,047 415,000 SH   SOLE   415,000 0 0
VERIZON COMM. COM 92343V104 13,738 315,752 SH   SOLE   313,752 0 2,000
VANGUARD REIT ETF MUTUAL 922908553 277 3,668 SH   SOLE   3,668 0 0
ENERGY SELECT SECTOR SPDR MUTUAL 81369Y506 2,149 35,110 SH   SOLE   35,110 0 0
ISHARES TR S&P SMLCAP 600 MUTUAL 464287804 202 1,900 SH   SOLE   1,900 0 0
MARKET VECTORS GOLD MINERS MUTUAL 57060U100 8,693 632,670 SH   SOLE   629,670 0 3,000
NEUBERGER BRMN. MLP INCOME COM 64129H104 305 25,450 SH   SOLE   25,450 0 0
POWERSHARES HIGH DIV. ACHIEVER MUTUAL 73935X302 165 13,000 SH   SOLE   13,000 0 0
SPDR S&P 400 MIDCAP MUTUAL 78467Y107 1,282 5,150 SH   SOLE   5,150 0 0
SPDR S&P 500 ETF MUTUAL 78462F103 479 2,500 SH   SOLE   2,500 0 0
VANGUARD TOTAL STOCK MARKET MUTUAL 922908769 364 3,687 SH   SOLE   3,687 0 0
WISDOMTREE LARGECAP DIV MUTUAL 97717W307 1,470 21,845 SH   SOLE   21,845 0 0
iSHARES DIVIDEND MUTUAL 464287168 226 3,100 SH   SOLE   3,100 0 0
iSHARES PREFERRED STOCK MUTUAL 464288687 668 17,300 SH   SOLE   17,300 0 0
iSHARES RUSSELL 1000 GROWTH MUTUAL 464287614 66,659 716,761 SH   SOLE   713,861 0 2,900
iSHARES RUSSELL 1000 VALUE MUTUAL 464287598 780 8,357 SH   SOLE   8,357 0 0
ENTERPRISE PROD PARTNERS L.P. COM 293792107 1,153 46,316 SH   SOLE   46,316 0 0
PLAINS ALL AMER PIPELINE UNIT 726503105 1,367 45,000 SH   SOLE   45,000 0 0
ISHARES EAFE GROWTH INDEX COM 464288885 10,199 159,830 SH   SOLE   159,330 0 500
ISHARES MSCI EAFE INDEX COM 464287465 297 5,180 SH   SOLE   5,180 0 0
ISHARES MSCI EMERGING MKTS COM 464287234 449 13,707 SH   SOLE   13,707 0 0
SPDR S&P INTL. DIVIDEND COM 78463X772 745 21,950 SH   SOLE   21,950 0 0
VANGUARD DEV. MARKETS ETF COM 921943858 3,400 95,400 SH   SOLE   95,400 0 0
VANGUARD EMERG. MARKETS ETF COM 922042858 4,657 140,730 SH   SOLE   140,430 0 300
ANNALY CAPITAL MGMT REIT COM 035710409 2,445 247,750 SH   SOLE   243,750 0 4,000
GUGGENHEIM GLOBAL TIMBER ALTCOM 18383Q879 373 16,700 SH   SOLE   16,700 0 0
ISHARES GOLD TRUST ALTCOM 464285105 581 53,880 SH   SOLE   53,880 0 0
MARKET VECTORS AGRIBUSINESS ALTCOM 57060u605 433 9,450 SH   SOLE   9,450 0 0
SPDR GOLD SHARES ALTCOM 78463v107 12,563 117,566 SH   SOLE   117,166 0 400
EATON VANCE LIMITED DURATION COM 27828H105 511 40,300 SH   SOLE   40,300 0 0
INVESCO DYNAMIC CREDIT OPP BOND 46132R104 143 13,500 SH   SOLE   13,500 0 0
ISHARES FLOATING RATE NOTE BOND 46429b655 2,308 45,750 SH   SOLE   43,750 0 2,000
KKR INCOME OPPORT BOND 48249T106 223 15,320 SH   SOLE   15,320 0 0
PIMCO ENHANCED SHORT MATURITY BOND 72201R833 5,319 52,790 SH   SOLE   51,290 0 1,500
SCHWAB S/T U.S. TREAS BOND 808524862 2,449 48,200 SH   SOLE   48,200 0 0
SPDR SHORT-TERM CORPORATE BOND BOND 78464A474 3,175 104,015 SH   SOLE   104,015 0 0
iSHARES 1-3 YR TREASURY BOND 464287457 4,418 51,980 SH   SOLE   50,730 0 1,250
iSHARES BARCLAYS 1-3 YR CREDIT BOND 464288646 2,044 19,441 SH   SOLE   19,441 0 0
iSHARES CORE US AGGREGATE BOND BOND 464287226 2,649 24,178 SH   SOLE   24,178 0 0
iSHARES SHORT MATURITY BOND BOND 46431W507 20,116 401,600 SH   SOLE   401,600 0 0
iSHARES TIPS BOND ETF BOND 464287176 221 2,000 SH   SOLE   2,000 0 0
BLACKROCK MUNIYIELD INV FUND TAX-FREE 09254R104 314 21,000 SH   SOLE   21,000 0 0
DELAWARE INVSMTS. COLORADO MUN TAX-FREE 246101109 140 10,000 SH   SOLE   10,000 0 0
NUVEEN MUNI VALUE TAX-FREE 670928100 373 38,000 SH   SOLE   38,000 0 0
PIMCO MUNICIPAL INCOME II TAX-FREE 72200W106 186 15,500 SH   SOLE   15,500 0 0
PUTNAM MUNI OPPORT TRUST TAX-FREE 746922103 391 32,720 SH   SOLE   32,720 0 0
SPDR BARCLAYS MUNI BOND ETF TAX-FREE 78464A458 212 8,800 SH   SOLE   8,800 0 0
SPDR SHORT TERM MUNICIPAL TAX-FREE 78464A425 9,374 384,800 SH   SOLE   384,800 0 0
GULF COAST ULTRA DEEP ROYALTY ROY TR UNIT 40222T104 15 52,000 SH   SOLE   52,000 0 0