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 Common 88579Y101 5,708 26,000 SH   SOLE   26,000 0 0
ABBOTT LABORATORIES Common 002824100 4,674 78,000 SH   SOLE   78,000 0 0
ABBVIE, INC. Common 00287Y109 11,074 117,000 SH   SOLE   117,000 0 0
ABERDEEN CHILE FUND, INC. Common 00301W105 312 34,587 SH   SOLE   34,587 0 0
ABERDEEN GREATER CHINA FD Common 003031101 200 15,121 SH   SOLE   15,121 0 0
ABERDEEN SINGAPORE FUND Common 003244100 423 31,867 SH   SOLE   31,867 0 0
ACCENTURE PLC - CLASS A Common G1151C101 3,531 23,000 SH   SOLE   23,000 0 0
ADAMS DIVERSIFIED EQUITY Common 006212104 14,552 984,570 SH   SOLE   984,570 0 0
ADAMS NATURALS RESOURCES Common 00548F105 10,268 562,961 SH   SOLE   562,961 0 0
ADOBE SYSTEMS INC Common 00724F101 5,834 27,000 SH   SOLE   27,000 0 0
ADVENT/CLAY EN GR & INC Sh Ben Int 00765E104 507 63,978 SH   SOLE   63,978 0 0
AETNA, INC. Common 00817Y108 3,380 20,000 SH   SOLE   20,000 0 0
AIR PRODUCTS & CHEMICALS Common 009158106 1,590 10,000 SH   SOLE   10,000 0 0
ALLERGAN PLC Common G0177J108 1,060 6,300 SH   SOLE   6,300 0 0
ALLIANZGI NFJ DIVIDEND Sh Ben Int 01883A107 5,703 449,050 SH   SOLE   449,050 0 0
ALLSTATE CORPORATION Common 020002101 2,086 22,000 SH   SOLE   22,000 0 0
ALPHABET, INC. - CLASS C Common, Cl C 02079K107 24,770 24,007 SH   SOLE   24,007 0 0
ALPINE GLOBAL PREMIER PRP Sh Ben Int 02083A103 3,037 486,743 SH   SOLE   486,743 0 0
ALTRIA GROUP INC. Common 02209S103 5,235 84,000 SH   SOLE   84,000 0 0
AMAZON.COM INC Common 023135106 27,499 19,000 SH   SOLE   19,000 0 0
AMERICAN ELECTRIC POWER Common 025537101 1,660 24,200 SH   SOLE   24,200 0 0
AMERICAN EXPRESS COMPANY Common 025816109 4,477 48,000 SH   SOLE   48,000 0 0
AMERICAN TOWER CORP Common 03027X100 2,471 17,000 SH   SOLE   17,000 0 0
AMERIPRISE FINANCIAL INC Common 03076C106 1,479 10,000 SH   SOLE   10,000 0 0
AMGEN, INC. Common 031162100 7,842 46,000 SH   SOLE   46,000 0 0
AMPHENOL CORP-CL A Common 032095101 689 8,000 SH   SOLE   8,000 0 0
ANALOG DEVICES INC Common 032654105 2,142 23,500 SH   SOLE   23,500 0 0
AON PLC Common, Cl A G0408V102 2,245 16,000 SH   SOLE   16,000 0 0
APPLE, INC. Common 037833100 29,865 178,000 SH   SOLE   178,000 0 0
APPLIED MATERIALS INC Common 038222105 3,893 70,000 SH   SOLE   70,000 0 0
AT&T INC. Common 00206R102 5,550 155,671 SH   SOLE   155,671 0 0
BANK OF AMERICA CORP Common 060505104 11,825 394,300 SH   SOLE   394,300 0 0
BANK OF NEW YORK MELLON Common 064058100 3,066 59,500 SH   SOLE   59,500 0 0
BAXTER INTERNATIONAL INC Common 071813109 1,821 28,000 SH   SOLE   28,000 0 0
BECTON, DICKINSON AND CO. Common 075887109 2,384 11,000 SH   SOLE   11,000 0 0
BLACKROCK RESOUR & COMM Sh Ben Int 09257A108 4,807 541,361 SH   SOLE   541,361 0 0
BLACKROCK, INC. CLASS A Common 09247X101 5,417 10,000 SH   SOLE   10,000 0 0
BOEING CO Common 097023105 10,820 33,000 SH   SOLE   33,000 0 0
BOOKING HOLDINGS, INC. Common 09857L108 3,121 1,500 SH   SOLE   1,500 0 0
BOSTON SCIENTIFIC CORP Common 101137107 2,076 76,000 SH   SOLE   76,000 0 0
BRANDYWINE GLOBAL INCOME Common 10537L104 2,789 216,352 SH   SOLE   216,352 0 0
BRITISH AMERICAN TOB ADR Common 110448107 1,244 21,566 SH   SOLE   21,566 0 0
BROADCOM LIMITED Common Y09827109 5,656 24,000 SH   SOLE   24,000 0 0
CARNIVAL CORP Common 143658300 1,443 22,000 SH   SOLE   22,000 0 0
CATERPILLAR INC Common 149123101 4,569 31,000 SH   SOLE   31,000 0 0
CBRE CLARION GLOBAL REAL Sh Ben Int 12504G100 8,913 1,219,301 SH   SOLE   1,219,301 0 0
CELGENE CORP. Common 151020104 3,925 44,000 SH   SOLE   44,000 0 0
CENTRAL EUROPE RUSSIA & T Common 153436100 1,924 75,224 SH   SOLE   75,224 0 0
CHARLES SCHWAB CORP Common 808513105 1,253 24,000 SH   SOLE   24,000 0 0
CHEVRON CORP. Common 166764100 9,123 80,000 SH   SOLE   80,000 0 0
CIGNA CORP Common 125509109 2,348 14,000 SH   SOLE   14,000 0 0
CITIGROUP, INC. Common 172967424 9,835 145,700 SH   SOLE   145,700 0 0
CLOUGH GLOBAL OPPORTUNITY Sh Ben Int 18914E106 409 38,200 SH   SOLE   38,200 0 0
CME GROUP, INC. Common 12572Q105 3,073 19,000 SH   SOLE   19,000 0 0
COGNIZANT TECH SOLUTIONS Common 192446102 644 8,000 SH   SOLE   8,000 0 0
COHEN & STEERS PREF INC Common 19247X100 5,591 299,120 SH   SOLE   299,120 0 0
COHEN & STEERS SEL UTILI Common 19248A109 9,313 435,004 SH   SOLE   435,004 0 0
COMCAST CORP - CLASS A Common, Cl A 20030N101 9,499 278,000 SH   SOLE   278,000 0 0
Concho Resources Common 20605P101 676 4,500 SH   SOLE   4,500 0 0
CONOCOPHILLIPS Common 20825C104 2,846 48,000 SH   SOLE   48,000 0 0
CONSTELLATION BRANDS INC Common 21036P108 2,507 11,000 SH   SOLE   11,000 0 0
COSTCO WHOLESALE CORP Common 22160K105 4,145 22,000 SH   SOLE   22,000 0 0
CSX CORPORATION Common 126408103 2,947 52,900 SH   SOLE   52,900 0 0
CUMMINS INC. Common 231021106 1,459 9,000 SH   SOLE   9,000 0 0
CVS HEALTH CORP Common 126650100 3,359 54,000 SH   SOLE   54,000 0 0
DANAHER CORPORATION Common 235851102 2,546 26,000 SH   SOLE   26,000 0 0
DEERE & COMPANY Common 244199105 2,485 16,000 SH   SOLE   16,000 0 0
DELTA AIR LINES, INC. Common 247361702 2,247 41,000 SH   SOLE   41,000 0 0
DEVON ENERGY CORPORATION Common 25179M103 238 7,500 SH   SOLE   7,500 0 0
DOWDUPONT INC. Common 26078J100 5,869 92,114 SH   SOLE   92,114 0 0
DTE ENERGY CO Common 233331107 1,148 11,000 SH   SOLE   11,000 0 0
EATON CORP PLC Common G29183103 479 6,000 SH   SOLE   6,000 0 0
ECOLAB INC Common 278865100 1,645 12,000 SH   SOLE   12,000 0 0
EDISON INTERNATIONAL Common 281020107 910 14,300 SH   SOLE   14,300 0 0
EDWARDS LIFESCIENCES Common 28176E108 1,116 8,000 SH   SOLE   8,000 0 0
ELI LILLY & CO Common 532457108 2,708 35,000 SH   SOLE   35,000 0 0
EOG RESOURCES INC Common 26875P101 2,590 24,600 SH   SOLE   24,600 0 0
ESTEE LAUDER CO. - CL A Common 518439104 3,144 21,000 SH   SOLE   21,000 0 0
EXPRESS SCRIPTS HOLDING Common 30219G108 2,418 35,000 SH   SOLE   35,000 0 0
EXXON MOBIL CORPORATION Common 30231G102 7,434 99,636 SH   SOLE   99,636 0 0
FACEBOOK, INC - CLASS A Common, Cl A 30303M102 23,249 145,500 SH   SOLE   145,500 0 0
FEDEX CORPORATION Common 31428X106 3,482 14,500 SH   SOLE   14,500 0 0
FIDELITY NATL INFORM SERV Common 31620M106 1,445 15,000 SH   SOLE   15,000 0 0
FISERV Common 337738108 2,139 30,000 SH   SOLE   30,000 0 0
FORD MOTOR CO. Common 345370860 1,678 151,400 SH   SOLE   151,400 0 0
GABELLI GLBL SMALL & MID Sh Ben Int 36249W104 2,449 204,797 SH   SOLE   204,797 0 0
GABELLI GLOBAL ULI & INC Sh Ben Int 36242L105 775 41,682 SH   SOLE   41,682 0 0
GENERAL AMERICAN INVESTOR Common 368802104 14,803 442,285 SH   SOLE   442,285 0 0
GENERAL MOTORS COMPANY Common 37045V100 2,071 57,000 SH   SOLE   57,000 0 0
GILEAD SCIENCES, INC Common 375558103 2,714 36,000 SH   SOLE   36,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 4,533 18,000 SH   SOLE   18,000 0 0
HCA HEALTHCARE, INC. Common 40412C101 776 8,000 SH   SOLE   8,000 0 0
HOME DEPOT, INC. (THE) Common 437076102 14,544 81,600 SH   SOLE   81,600 0 0
HONEYWELL INTERNATL INC Common 438516106 5,058 35,000 SH   SOLE   35,000 0 0
HUMANA INC Common 444859102 2,151 8,000 SH   SOLE   8,000 0 0
ILLINOIS TOOL WORKS INC Common 452308109 2,883 18,400 SH   SOLE   18,400 0 0
INDIA FUND, INC. Common 454089103 7,369 299,172 SH   SOLE   299,172 0 0
INGERSOLL RAND PLC Common G47791101 941 11,000 SH   SOLE   11,000 0 0
INTEL CORPORATION Common 458140100 15,296 293,700 SH   SOLE   293,700 0 0
INTERCONTINENTAL EXCHANGE Common 45866F104 2,176 30,000 SH   SOLE   30,000 0 0
INTUIT INC Common 461202103 2,427 14,000 SH   SOLE   14,000 0 0
INTUITIVE SURGICAL INC Common 46120E602 1,238 3,000 SH   SOLE   3,000 0 0
ISHARES CORE S&P 500 ETF ETF 464287200 6,900 26,000 SH   SOLE   26,000 0 0
JAPAN SMALLER CAPITAL FD Common 47109U104 2,643 215,082 SH   SOLE   215,082 0 0
JOHN HANCOCK T/A DIVD INC Sh Ben Int 41013V100 4,895 225,768 SH   SOLE   225,768 0 0
JOHNSON & JOHNSON Common 478160104 17,006 132,700 SH   SOLE   132,700 0 0
JPMORGAN CHASE & CO Common 46625H100 22,764 207,000 SH   SOLE   207,000 0 0
KOREA FUND, INC. Common 500634209 1,725 42,260 SH   SOLE   42,260 0 0
KROGER COMPANY Common 501044101 934 39,000 SH   SOLE   39,000 0 0
LAM RESEARCH CORP. Common 512807108 1,219 6,000 SH   SOLE   6,000 0 0
LATIN AMERICA DISCOVERY Common 51828C106 931 75,434 SH   SOLE   75,434 0 0
LMP CAPITAL & INCOME FUND Common 50208A102 1,146 90,780 SH   SOLE   90,780 0 0
LOCKHEED MARTIN CORP Common 539830109 4,055 12,000 SH   SOLE   12,000 0 0
LOWE'S COMPANIES INC Common 548661107 4,124 47,000 SH   SOLE   47,000 0 0
MACQUARIE GL TOTAL RE FD Common 55608D101 3,934 177,209 SH   SOLE   177,209 0 0
MARRIOTT INTL - CL A Common 571903202 1,360 10,000 SH   SOLE   10,000 0 0
MARSH & MCLENNAN COS INC Common 571748102 2,313 28,000 SH   SOLE   28,000 0 0
MASTERCARD INC - CLASS A Common 57636Q104 9,283 53,000 SH   SOLE   53,000 0 0
MCDONALD'S CORPORATION Common 580135101 7,084 45,300 SH   SOLE   45,300 0 0
MCKESSON CORP. Common 58155Q103 1,127 8,000 SH   SOLE   8,000 0 0
MEDTRONIC PLC Common G5960L103 3,770 47,000 SH   SOLE   47,000 0 0
MEXICO EQUITY & INCOME Common 592834105 674 61,451 SH   SOLE   61,451 0 0
MICRON TECHNOLOGY INC Common 595112103 1,043 20,000 SH   SOLE   20,000 0 0
MICROSOFT CORPORATION Common 594918104 23,584 258,400 SH   SOLE   258,400 0 0
MONDELEZ INTERNATIONAL Common 609207105 2,838 68,000 SH   SOLE   68,000 0 0
MONSANTO CO Common 61166W101 1,984 17,000 SH   SOLE   17,000 0 0
MOODY'S CORP Common 615369105 1,936 12,000 SH   SOLE   12,000 0 0
MORGAN STANLEY Common 617446448 4,560 84,500 SH   SOLE   84,500 0 0
MORGAN STANLEY ASIA-PAC Common 61744U106 2,738 150,335 SH   SOLE   150,335 0 0
MORGAN STANLEY CHINA Common 617468103 10,075 404,615 SH   SOLE   404,615 0 0
Morgan Stanley Emer Mrkt Common 61744G107 1,426 78,946 SH   SOLE   78,946 0 0
MORGAN STANLEY INDIA INV Common 61745C105 2,052 67,544 SH   SOLE   67,544 0 0
NETFLIX, INC. Common 64110L106 7,384 25,000 SH   SOLE   25,000 0 0
NEW GERMANY FUND. INC. Common 644465106 770 39,408 SH   SOLE   39,408 0 0
NEW IRELAND FUND Common 645673104 1,021 84,753 SH   SOLE   84,753 0 0
NEWELL BRANDS, INC. Common 651229106 484 19,000 SH   SOLE   19,000 0 0
NEXTERA ENERGY, INC. Common 65339F101 4,410 27,000 SH   SOLE   27,000 0 0
NORFOLK SOUTHERN CORP Common 655844108 1,086 8,000 SH   SOLE   8,000 0 0
NUVEEN REAL ASSET INCOME Sh Ben Int 67074Y105 4,180 257,736 SH   SOLE   257,736 0 0
OCCIDENTAL PETRO CORP Common 674599105 1,643 25,300 SH   SOLE   25,300 0 0
ORACLE CORPORATION Common 68389X105 6,770 147,972 SH   SOLE   147,972 0 0
PAYPAL HOLDINGS, INC. Common 70450Y103 1,517 20,000 SH   SOLE   20,000 0 0
PEPSICO INC Common 713448108 8,514 78,000 SH   SOLE   78,000 0 0
PHILIP MORRIS INT'L, INC. Common 718172109 2,982 30,000 SH   SOLE   30,000 0 0
PHILLIPS 66 Common 718546104 1,151 12,000 SH   SOLE   12,000 0 0
PIONEER NATURAL RESOURCES Common 723787107 859 5,000 SH   SOLE   5,000 0 0
PNC FINANCIAL SERVICES GR Common 693475105 4,235 28,000 SH   SOLE   28,000 0 0
PRAXAIR INC Common 74005P104 1,732 12,000 SH   SOLE   12,000 0 0
PROCTER AND GAMBLE CO. Common 742718109 5,078 64,055 SH   SOLE   64,055 0 0
PROGRESSIVE CORPORATION Common 743315103 1,219 20,000 SH   SOLE   20,000 0 0
PROLOGIS, INC. Common 74340W103 1,197 19,000 SH   SOLE   19,000 0 0
PRUDENTIAL FINANCIAL, INC Common 744320102 2,071 20,000 SH   SOLE   20,000 0 0
RAYTHEON COMPANY Common 755111507 1,727 8,000 SH   SOLE   8,000 0 0
REGENERON PHARMACEUTICALS Common 75886F107 1,033 3,000 SH   SOLE   3,000 0 0
REPUBLIC SERVICES INC Common 760759100 729 11,000 SH   SOLE   11,000 0 0
RMR REAL ESTATE INCOME FD Sh Ben Int 76970B101 3,662 219,672 SH   SOLE   219,672 0 0
ROPER TECHNOLOGIES INC. Common 776696106 2,105 7,500 SH   SOLE   7,500 0 0
ROYAL CARIBBEAN CRUISES Common V7780T103 1,236 10,500 SH   SOLE   10,500 0 0
ROYCE GLOBAL VALUE TRUST Common 78081T104 2,117 192,946 SH   SOLE   192,946 0 0
ROYCE MICRO-CAP TRUST INC Common 780915104 3,073 328,319 SH   SOLE   328,319 0 0
ROYCE VALUE TRUST, INC. Common 780910105 2,756 177,110 SH   SOLE   177,110 0 0
S&P GLOBAL INC Common 78409V104 2,866 15,000 SH   SOLE   15,000 0 0
SALESFORCE.COM INC Common 79466L302 2,675 23,000 SH   SOLE   23,000 0 0
SHERWIN-WILLIAMS CO Common 824348106 1,176 3,000 SH   SOLE   3,000 0 0
SOURCE CAPITAL, INC Common 836144105 2,102 52,692 SH   SOLE   52,692 0 0
SOUTHWEST AIRLINES CO Common 844741108 1,919 33,500 SH   SOLE   33,500 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 5,526 21,000 SH   SOLE   21,000 0 0
SPROTT FOCUS TRUST, INC. Common 85208J109 336 43,121 SH   SOLE   43,121 0 0
STANLEY BLACK & DECKER Common 854502101 613 4,000 SH   SOLE   4,000 0 0
STARBUCKS CORP Common 855244109 4,747 82,000 SH   SOLE   82,000 0 0
STATE STREET CORP Common 857477103 1,596 16,000 SH   SOLE   16,000 0 0
STRYKER CORPORATION Common 863667101 966 6,000 SH   SOLE   6,000 0 0
SUNTRUST BANKS INC Common 867914103 544 8,000 SH   SOLE   8,000 0 0
SYSCO CORPORATION Common 871829107 1,769 29,500 SH   SOLE   29,500 0 0
T ROWE PRICE GROUP INC Common 74144T108 1,080 10,000 SH   SOLE   10,000 0 0
TAIWAN FUND, INC. Common 874036106 576 27,099 SH   SOLE   27,099 0 0
TE CONNECTIVITY LTD. Common H84989104 2,098 21,000 SH   SOLE   21,000 0 0
TEMPLETON DRAGON FUND INC Common 88018T101 10,816 486,335 SH   SOLE   486,335 0 0
TEMPLETON EMERGING MRKT Common 880191101 3,318 203,814 SH   SOLE   203,814 0 0
THE EAGLE GROWTH & INCOME Sh Ben Int 26958J105 522 34,770 SH   SOLE   34,770 0 0
THE GABELLI HLTHCARE WELL Sh Ben Int 36246K103 3,846 404,790 SH   SOLE   404,790 0 0
THE GDL FUND Sh Ben Int 361570104 2,770 297,187 SH   SOLE   297,187 0 0
THE MEXICO FUND, INC. Common 592835102 4,596 283,499 SH   SOLE   283,499 0 0
THE TJX COMPANIES INC Common 872540109 2,202 27,000 SH   SOLE   27,000 0 0
THERMO FISHER SCIENTIFIC Common 883556102 4,542 22,000 SH   SOLE   22,000 0 0
TIME WARNER, INC Common 887317303 662 7,000 SH   SOLE   7,000 0 0
TRI CONTINENTAL Common 895436103 8,043 305,715 SH   SOLE   305,715 0 0
TWENTY FIRST CENTURY FOX Common, Cl B 90130A200 309 8,500 SH   SOLE   8,500 0 0
TYSON FOODS Common 902494103 1,464 20,000 SH   SOLE   20,000 0 0
UNION PACIFIC CORP Common 907818108 6,184 46,000 SH   SOLE   46,000 0 0
UNITED PARCEL SERVICE B Common 911312106 3,046 29,100 SH   SOLE   29,100 0 0
UNITEDHEALTH GROUP, INC. Common 91324P102 13,054 61,000 SH   SOLE   61,000 0 0
US BANCORP Common 902973304 4,545 90,000 SH   SOLE   90,000 0 0
VERIZON COMMUNICATIONS Common 92343V104 2,391 50,000 SH   SOLE   50,000 0 0
VERTEX PHARMACEUTICALS Common 92532F100 1,467 9,000 SH   SOLE   9,000 0 0
VISA, INC. - CLASS A Common 92826C839 12,452 104,100 SH   SOLE   104,100 0 0
VOYA ASIA PACIFIC HIGH DI Sh Ben Int 92912J102 120 11,174 SH   SOLE   11,174 0 0
VOYA INFASTRUCTURE INDUS Sh Ben Int 92912X101 164 10,800 SH   SOLE   10,800 0 0
WALGREENS BOOTS ALLIANCE Common 931427108 3,470 53,000 SH   SOLE   53,000 0 0
WASTE MANAGEMENT INC Common 94106L109 1,935 23,000 SH   SOLE   23,000 0 0
YUM! BRANDS, INC. Common 988498101 298 3,500 SH   SOLE   3,500 0 0
ZIMMER BIOMET HOLDINGS Common 98956P102 327 3,000 SH   SOLE   3,000 0 0
ZOETIS, INC. Common 98978V103 1,002 12,000 SH   SOLE   12,000 0 0