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
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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 Common 88579Y101 2,643 15,000 SH   SOLE   15,000 0 0
Aberdeen Australia Eq Fd Common 003011103 1,449 248,473 SH   SOLE   248,473 0 0
Aberdeen Chile Fund, Inc. Common 168834109 937 149,405 SH   SOLE   149,405 0 0
Aberdeen Greater China Fd, Inc Common 003031101 705 77,525 SH   SOLE   77,525 0 0
Aberdeen Indonesia Fund, Inc. Common 455778100 113 17,137 SH   SOLE   17,137 0 0
Aberdeen Singapore Fund, Inc. Common 003244100 747 79,641 SH   SOLE   79,641 0 0
Accenture Plc Common G1151C101 1,209 9,900 SH   SOLE   9,900 0 0
Activision Blizzard, Inc. Common 00507V109 381 8,600 SH   SOLE   8,600 0 0
Adams Express Co. Common 006212104 7,998 608,244 SH   SOLE   608,244 0 0
Adobe Systems Inc. Common 00724F101 923 8,500 SH   SOLE   8,500 0 0
AFLAC Inc. Common 001055102 647 9,000 SH   SOLE   9,000 0 0
Air Products & Chemicals Common 009158106 1,052 7,000 SH   SOLE   7,000 0 0
AllianzGI NFJ Dividend Inte Fd Common 01883A107 4,225 334,236 SH   SOLE   334,236 0 0
Allstate Corporation Common 020002101 553 8,000 SH   SOLE   8,000 0 0
Alphabet Inc. Class A Common, Cl A 02079K305 2,412 3,000 SH   SOLE   3,000 0 0
Alphabet Inc. Class C Common, Cl C 02079K107 17,106 22,007 SH   SOLE   22,007 0 0
Alpine Global Dynamic Div Common 02082E205 2,214 254,451 SH   SOLE   254,451 0 0
Alpine Global Premier Prop Fd Sh Ben Int 02083A103 7,305 1,316,256 SH   SOLE   1,316,256 0 0
Alpine Total Dynamic Div. Sh Ben Int 021060207 9,548 1,251,394 SH   SOLE   1,251,394 0 0
Altria Group Inc Common 02209S103 2,213 35,000 SH   SOLE   35,000 0 0
Amazon.com Inc. Common 023135106 10,466 12,500 SH   SOLE   12,500 0 0
American Electric Power Common 025537101 591 9,200 SH   SOLE   9,200 0 0
American Tower Corporation Common 03027X100 907 8,000 SH   SOLE   8,000 0 0
Amgen Inc. Common 031162100 2,469 14,800 SH   SOLE   14,800 0 0
Anadarko Petroleum Corp Common 032511107 222 3,500 SH   SOLE   3,500 0 0
Anthem, Inc. Common 036752103 752 6,000 SH   SOLE   6,000 0 0
Applied Materials Inc. Common 038222105 392 13,000 SH   SOLE   13,000 0 0
Assurant, Inc. Common 04621X108 203 2,200 SH   SOLE   2,200 0 0
AT&T Inc. Common 00206R102 2,992 73,671 SH   SOLE   73,671 0 0
Automatic Data Processing Inc. Common 053015103 1,014 11,500 SH   SOLE   11,500 0 0
Avenue Income Credit Strat Fd Common 05358E106 1,331 102,590 SH   SOLE   102,590 0 0
Becton Dickinson & Co. Common 075887109 683 3,800 SH   SOLE   3,800 0 0
Berkshire Hathaway cl B Common, Cl B 084670702 8,379 58,000 SH   SOLE   58,000 0 0
Blackrock Global Opportunities Common 092501105 374 30,551 SH   SOLE   30,551 0 0
Blackrock Inc. Common 09247X101 1,160 3,200 SH   SOLE   3,200 0 0
Blackrock Intl Growth & Inc Tr Sh Ben Int 092524107 105 17,700 SH   SOLE   17,700 0 0
Blackrock Resources&Commod. Common 09257A108 12,456 1,528,311 SH   SOLE   1,528,311 0 0
Boston Scientific Corp Common 101137107 214 9,000 SH   SOLE   9,000 0 0
Bristol-Myers Squibb Co. Common 110122108 1,024 19,000 SH   SOLE   19,000 0 0
Broadcom Limited Common Y09827109 1,570 9,100 SH   SOLE   9,100 0 0
Calamos Global Dynamic Income Common 12811L107 150 19,993 SH   SOLE   19,993 0 0
Calamos Strategic Total Return Sh Ben Int 128125101 5,231 508,878 SH   SOLE   508,878 0 0
Capital One Financial Corp. Common 14040H105 287 4,000 SH   SOLE   4,000 0 0
Cardinal Health Inc. Common 14149Y108 777 10,000 SH   SOLE   10,000 0 0
Celgene Corp. Common 151020104 732 7,000 SH   SOLE   7,000 0 0
Cerner Corporation Common 156782104 247 4,000 SH   SOLE   4,000 0 0
Charles Schwab Corp Common 808513105 726 23,000 SH   SOLE   23,000 0 0
Charter Communications cl A Common 16119P108 528 1,956 SH   SOLE   1,956 0 0
Chevron Corp Common 166764100 4,343 42,200 SH   SOLE   42,200 0 0
China Fund Common 169373107 481 29,233 SH   SOLE   29,233 0 0
Chubb Limited Common H1467J104 1,408 11,203 SH   SOLE   11,203 0 0
Cigna Corporation Common 125509109 912 7,000 SH   SOLE   7,000 0 0
Cisco Systems Inc. Common 17275R102 1,745 55,000 SH   SOLE   55,000 0 0
Clarion Global Real Est Inc Common 12504G100 10,441 1,242,938 SH   SOLE   1,242,938 0 0
ClearBridge Ameri Enrg MLP Fd Common 184691103 119 13,300 SH   SOLE   13,300 0 0
Clorox Company Common 189054109 376 3,000 SH   SOLE   3,000 0 0
Clough Global Allocat. Fd Sh Ben Int 18913Y103 2,170 178,862 SH   SOLE   178,862 0 0
Clough Global Equity Fund Common 18914C100 3,963 348,209 SH   SOLE   348,209 0 0
Clough Global Opps. Fund Sh Ben Int 18914E106 7,071 731,190 SH   SOLE   731,190 0 0
CME Group Inc. Common 12572Q105 836 8,000 SH   SOLE   8,000 0 0
Cognizant Tech Solutions Common 192446102 286 6,000 SH   SOLE   6,000 0 0
Cohen & Steers Global Income B Common 19248M103 220 24,697 SH   SOLE   24,697 0 0
Cohen & Steers Infrastr Fd Common 19248A109 3,001 139,331 SH   SOLE   139,331 0 0
Cohen & Steers MLP Income Ener Common 19249B106 549 51,036 SH   SOLE   51,036 0 0
Cohen & Steers Quality Common 19247L106 1,356 101,725 SH   SOLE   101,725 0 0
Cohen & Steers REIT & Pfd Common 19247X100 10,884 540,170 SH   SOLE   540,170 0 0
Colgate-Palmolive Co Common 194162103 667 9,000 SH   SOLE   9,000 0 0
ConAgra Foods, Inc. Common 205887102 448 9,500 SH   SOLE   9,500 0 0
Concho Resources Inc. Common 20605P101 618 4,500 SH   SOLE   4,500 0 0
Consolidated Edison, Inc. Common 209115104 279 3,700 SH   SOLE   3,700 0 0
Constellation Brands Inc Common 21036P108 916 5,500 SH   SOLE   5,500 0 0
Costco Wholesale Corp Common 22160K105 2,135 14,000 SH   SOLE   14,000 0 0
Danaher Corporation Common 235851102 1,568 20,000 SH   SOLE   20,000 0 0
Deere & Company Common 244199105 256 3,000 SH   SOLE   3,000 0 0
Delaware Enhanced Glbl Div Common 246060107 2,815 278,163 SH   SOLE   278,163 0 0
Discover Financial Services Common 254709108 396 7,000 SH   SOLE   7,000 0 0
Dollar General Corp. Common 256677105 371 5,300 SH   SOLE   5,300 0 0
Dominion Resources Inc. Common 25746U109 966 13,000 SH   SOLE   13,000 0 0
Dow Chemical Company Common 260543103 2,099 40,500 SH   SOLE   40,500 0 0
Duff & Phelps Glbl Utl Inc Fnd Common 26433C105 3,271 191,529 SH   SOLE   191,529 0 0
Duke Energy Corp Common 26441C204 712 8,900 SH   SOLE   8,900 0 0
DuPont de Nemours & Co. Common 263534109 268 4,000 SH   SOLE   4,000 0 0
Edison International Common 281020107 325 4,500 SH   SOLE   4,500 0 0
Edwards Lifesciences Corp. Common 28176E108 374 3,100 SH   SOLE   3,100 0 0
EOG Resources Inc Common 26875P101 832 8,600 SH   SOLE   8,600 0 0
Eversource Energy Common 30040W108 206 3,800 SH   SOLE   3,800 0 0
Exxon Mobil Corporation Common 30231G102 5,755 65,936 SH   SOLE   65,936 0 0
Facebook, Inc. cl A Common, Cl A 30303M102 4,733 36,900 SH   SOLE   36,900 0 0
FedEx Corp Common 31428X106 1,572 9,000 SH   SOLE   9,000 0 0
Fidelity National Info Srv Common 31620M106 316 4,100 SH   SOLE   4,100 0 0
First Trust / Ab Emerging Opp Common 33731K102 190 12,465 SH   SOLE   12,465 0 0
Fiserv Inc. Common 337738108 696 7,000 SH   SOLE   7,000 0 0
Fortive Corporation Common 34959J108 509 10,000 SH   SOLE   10,000 0 0
Freeport-McMoRan Inc. Common 35671D857 115 10,600 SH   SOLE   10,600 0 0
Gabelli Glob Small Mid Cap Val Common 36249W104 733 67,846 SH   SOLE   67,846 0 0
Gabelli Global Utly & Income Common 36242L105 1,185 64,781 SH   SOLE   64,781 0 0
GDL Fund (The) Sh Ben Int 361570104 2,642 265,518 SH   SOLE   265,518 0 0
General American Investors Co. Common 368802104 8,419 257,851 SH   SOLE   257,851 0 0
General Dynamics Corp. Common 369550108 1,396 9,000 SH   SOLE   9,000 0 0
General Electric Company Common 369604103 2,846 96,100 SH   SOLE   96,100 0 0
General Mills Inc. Common 370334104 441 6,900 SH   SOLE   6,900 0 0
Home Depot Inc. Common 437076102 4,259 33,100 SH   SOLE   33,100 0 0
Honeywell Intl Inc Common 438516106 3,544 30,400 SH   SOLE   30,400 0 0
Illinois Tool Works Inc. Common 452308109 1,438 12,000 SH   SOLE   12,000 0 0
India Fund, Inc. Common 454089103 1,673 67,291 SH   SOLE   67,291 0 0
Intel Corporation Common 458140100 982 26,000 SH   SOLE   26,000 0 0
Intercontinental Exchange Inc. Common 45866F104 1,051 3,900 SH   SOLE   3,900 0 0
iShares Core S&P 500 ETF ETF 464287200 2,176 10,000 SH   SOLE   10,000 0 0
Japan Equity Fd Common 00306J109 86 10,420 SH   SOLE   10,420 0 0
Japan Smaller Cap Fd Inc Common 47109U104 614 58,145 SH   SOLE   58,145 0 0
Johnson & Johnson Common 478160104 7,761 65,700 SH   SOLE   65,700 0 0
Kellogg Company Common 487836108 209 2,700 SH   SOLE   2,700 0 0
Kimberly-Clark Corp. Common 494368103 1,173 9,300 SH   SOLE   9,300 0 0
Lazard Global Return Fund Common 52106W103 558 39,951 SH   SOLE   39,951 0 0
Lazard World Div & Incme Fd Common 521076109 923 91,416 SH   SOLE   91,416 0 0
Legg Mason BW Global Incm Fd Common 52469B100 3,103 228,490 SH   SOLE   228,490 0 0
Liberty All Star Equity Fd Common 530158104 7,941 1,532,944 SH   SOLE   1,532,944 0 0
LMP Capital and Income Fund Common 50208A102 4,030 295,693 SH   SOLE   295,693 0 0
Lockheed Martin Corp. Common 539830109 2,277 9,500 SH   SOLE   9,500 0 0
Lowes Companies Inc. Common 548661107 1,228 17,000 SH   SOLE   17,000 0 0
M&T Bank Corp. Common 55261F104 348 3,000 SH   SOLE   3,000 0 0
MacQuarie Glob Infr TR Fd Common 55608D101 4,378 200,912 SH   SOLE   200,912 0 0
Marsh & McLennan Company Inc Common 571748102 908 13,500 SH   SOLE   13,500 0 0
McDonald's Corp. Common 580135101 1,534 13,300 SH   SOLE   13,300 0 0
McKesson Corp Common 58155Q103 1,001 6,000 SH   SOLE   6,000 0 0
Medtronic PLC Common G5960L103 864 10,000 SH   SOLE   10,000 0 0
Merck & Co. Inc. Common 58933Y105 4,261 68,267 SH   SOLE   68,267 0 0
MetLife, Inc. Common 59156R108 333 7,500 SH   SOLE   7,500 0 0
Microsoft Corporation Common 594918104 8,502 147,600 SH   SOLE   147,600 0 0
Molson Coors Brewing Co. Common 60871R209 439 4,000 SH   SOLE   4,000 0 0
Monster Beverage Corporation Common 61174X109 881 6,000 SH   SOLE   6,000 0 0
MS China A Fund Common 617468103 2,682 143,438 SH   SOLE   143,438 0 0
MS Thai Fund Common 882904105 94 11,486 SH   SOLE   11,486 0 0
MS Turkish Invest Fund Common 900145103 476 59,287 SH   SOLE   59,287 0 0
MSDW India Invest Common 61745C105 1,031 36,264 SH   SOLE   36,264 0 0
Neuberger Berman Real Est Sec Common 64190A103 1,187 208,680 SH   SOLE   208,680 0 0
New Ireland Fund Inc Common 645673104 192 15,637 SH   SOLE   15,637 0 0
Newmont Mining Corp Common 651639106 452 11,500 SH   SOLE   11,500 0 0
NextEra Energy, Inc. Common 65339F101 1,223 10,000 SH   SOLE   10,000 0 0
Norfolk Southern Corp Common 655844108 485 5,000 SH   SOLE   5,000 0 0
Nucor Corporation Common 670346105 272 5,500 SH   SOLE   5,500 0 0
Nuveen Credit Strategies Incm Common 67073D102 2,633 310,538 SH   SOLE   310,538 0 0
Nuveen Real Asset Incm & Grwth Common 67074Y105 1,085 62,955 SH   SOLE   62,955 0 0
NVIDIA Corp Common 67066G104 767 11,200 SH   SOLE   11,200 0 0
Occidental Petroleum Corp Common 674599105 1,480 20,300 SH   SOLE   20,300 0 0
Oracle Corporation Common 68389X105 1,806 45,972 SH   SOLE   45,972 0 0
O'Reilly Automotive, Inc. Common 67103H107 280 1,000 SH   SOLE   1,000 0 0
Paychex, Inc. Common 704326107 266 4,600 SH   SOLE   4,600 0 0
PepsiCo, Inc. Common 713448108 1,621 14,900 SH   SOLE   14,900 0 0
Petroleum & Resource Corp. Common 716549100 4,003 200,856 SH   SOLE   200,856 0 0
Pfizer Inc. Common 717081103 1,165 34,400 SH   SOLE   34,400 0 0
PG&E Corporation Common 69331C108 245 4,000 SH   SOLE   4,000 0 0
Philip Morris Intl Common 718172109 1,069 11,000 SH   SOLE   11,000 0 0
Phillips 66 Common 718546104 1,127 13,987 SH   SOLE   13,987 0 0
Pioneer Natural Resources Common 723787107 928 5,000 SH   SOLE   5,000 0 0
PNC Financial Services Common 693475105 1,171 13,000 SH   SOLE   13,000 0 0
PPG Industries Inc. Common 693506107 1,137 11,000 SH   SOLE   11,000 0 0
PPL Corporation Common 69351T106 380 11,000 SH   SOLE   11,000 0 0
Procter & Gamble Co. Common 742718109 1,795 20,000 SH   SOLE   20,000 0 0
Progressive Corp. Common 743315103 287 9,100 SH   SOLE   9,100 0 0
Prudential Financial Inc Common 744320102 245 3,000 SH   SOLE   3,000 0 0
Public Service Enterprise Grp Common 744573106 440 10,500 SH   SOLE   10,500 0 0
Raytheon Company Common 755111507 1,089 8,000 SH   SOLE   8,000 0 0
Reynolds American Inc Common 761713106 1,697 36,000 SH   SOLE   36,000 0 0
RMR Real Estate Income Fund Common 76970B101 3,122 143,526 SH   SOLE   143,526 0 0
Ross Stores Inc. Common 778296103 450 7,000 SH   SOLE   7,000 0 0
Royce Global Value Trust Common 78081T104 1,517 186,654 SH   SOLE   186,654 0 0
Royce Micro Cap Tr Common 780915104 3,917 501,488 SH   SOLE   501,488 0 0
Royce Value Trust Common 780910105 7,134 563,485 SH   SOLE   563,485 0 0
S&P Global Inc. Common 78409V104 633 5,000 SH   SOLE   5,000 0 0
Salesforce.com Inc Common 79466L302 699 9,800 SH   SOLE   9,800 0 0
Schlumberger Ltd. Common 806857108 786 10,000 SH   SOLE   10,000 0 0
Sempra Energy Common 816851109 332 3,100 SH   SOLE   3,100 0 0
Sherwin-Williams Co. Common 824348106 553 2,000 SH   SOLE   2,000 0 0
Southern Company Common 842587107 559 10,900 SH   SOLE   10,900 0 0
SPDR S&P 500 ETF Trust ETF 78462F103 649 3,000 SH   SOLE   3,000 0 0
Spectra Energy Corp Common 847560109 205 4,800 SH   SOLE   4,800 0 0
Sprott Focus Trust, Inc. Common 85208J109 723 104,787 SH   SOLE   104,787 0 0
Starbucks Corporation Common 855244109 1,570 29,000 SH   SOLE   29,000 0 0
Stryker Corp Common 863667101 1,397 12,000 SH   SOLE   12,000 0 0
Swiss Helvetia Fund Common 870875101 660 61,715 SH   SOLE   61,715 0 0
Sysco Corporation Common 871829107 407 8,300 SH   SOLE   8,300 0 0
Target Corporation Common 87612E106 570 8,300 SH   SOLE   8,300 0 0
Templeton Dragon Common 88018T101 1,179 67,015 SH   SOLE   67,015 0 0
Templeton Emrg Mkt DE Common 880191101 170 13,467 SH   SOLE   13,467 0 0
Texas Instruments, Inc. Common 882508104 990 14,100 SH   SOLE   14,100 0 0
The Kraft Heinz Company Common 500754106 358 4,000 SH   SOLE   4,000 0 0
The Travelers Companies Common 89417E109 1,031 9,000 SH   SOLE   9,000 0 0
Thermo Fisher Scientific, Inc. Common 883556102 2,227 14,000 SH   SOLE   14,000 0 0
Torchmark Corp Common 891027104 204 3,200 SH   SOLE   3,200 0 0
Tri-Continental Corp. Common 895436103 3,427 160,302 SH   SOLE   160,302 0 0
U.S. Bancorp Common 902973304 1,162 27,100 SH   SOLE   27,100 0 0
United Parcel Service Inc. Common 911312106 1,323 12,100 SH   SOLE   12,100 0 0
United Technologies Corp Common 913017109 894 8,800 SH   SOLE   8,800 0 0
UnitedHealth Group, Inc. Common 91324P102 2,940 21,000 SH   SOLE   21,000 0 0
Verizon Communications, Inc. Common 92343V104 2,287 44,000 SH   SOLE   44,000 0 0
Voya Emerg Mkts Hi Incm Div Eq Common 92912P108 1,648 201,209 SH   SOLE   201,209 0 0
Voya Infra Indus and Materials Common 92912X101 1,490 110,517 SH   SOLE   110,517 0 0
Vulcan Materials Co Common 929160109 375 3,300 SH   SOLE   3,300 0 0
Walgreens Boots Alliance, Inc. Common 931427108 2,177 27,000 SH   SOLE   27,000 0 0
Wal-Mart Stores, Inc. Common 931142103 4,104 56,900 SH   SOLE   56,900 0 0
Walt Disney Company Common 254687106 4,337 46,700 SH   SOLE   46,700 0 0
Waste Management Inc. Common 94106L109 580 9,100 SH   SOLE   9,100 0 0
Wells Fargo & Co Common 949746101 5,748 129,800 SH   SOLE   129,800 0 0
Wells Fargo Adv Global Div Opp Common 94987C103 4,049 696,854 SH   SOLE   696,854 0 0
Xcel Energy Inc Common 98389B100 391 9,500 SH   SOLE   9,500 0 0