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

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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 Co. COM 88579Y101 833 4,000 SH   SOLE   4,000 0 0
A.H. Belo Corp. COM 001282102 2,108 383,279 SH   SOLE   383,279 0 0
Abbott Laboratories COM 002824100 3,721 76,541 SH   SOLE   76,541 0 0
AbbVie Inc. COM 00287Y109 5,535 76,333 SH   SOLE   76,333 0 0
Aberdeen Singapore Fund Inc. COM 003244100 2,278 205,720 SH   SOLE   205,720 0 0
Adams Diversified Equity Fund COM 006212104 1,728 120,919 SH   SOLE   120,919 0 0
Advance Auto Parts Inc. COM 00751Y106 13,477 115,594 SH   SOLE   115,594 0 0
AGCO Corp. COM 001084102 22,260 330,312 SH   SOLE   330,312 0 0
Alpine Total Dynamic Div Fd COM 021060207 3,834 441,240 SH   SOLE   441,240 0 0
Apple Inc. COM 037833100 350 2,432 SH   SOLE   2,432 0 0
Becton Dickinson & Co. COM 075887109 9,954 51,015 SH   SOLE   51,015 0 0
Berkshire Hathaway Inc. CL A COM 084670108 509 2 SH   SOLE   2 0 0
Berkshire Hathaway Inc. CL B COM 084670702 19,290 113,892 SH   SOLE   113,892 0 0
Capital Southwest Corp. COM 140501107 20,410 1,269,287 SH   SOLE   1,269,287 0 0
CBS Corp. Class B COM 124857202 19,800 310,442 SH   SOLE   310,442 0 0
CDW Corp. COM 12514G108 3,367 53,843 SH   SOLE   53,843 0 0
Central Securities Corp. COM 155123102 929 37,275 SH   SOLE   37,275 0 0
CKX Lands Inc. COM 12562N104 911 79,250 SH   SOLE   79,250 0 0
Clough Global Opportunities Fd COM 18914E106 3,733 352,192 SH   SOLE   352,192 0 0
Covanta Holding Corp. COM 22282E102 135 10,200 SH   SOLE   10,200 0 0
CSW Industrials Inc. COM 126402106 37,187 962,159 SH   SOLE   962,159 0 0
Diageo PLC Sponsored ADR SPON ADR NEW 25243Q205 255 2,125 SH   SOLE   2,125 0 0
Disney (Walt) Co. COM 254687106 830 7,810 SH   SOLE   7,810 0 0
Dividend and Income Fund Inc. COM 25538A204 1,834 148,490 SH   SOLE   148,490 0 0
Dollar Tree Inc. COM 256746108 9,562 136,759 SH   SOLE   136,759 0 0
Exxon Mobil Corp. COM 30231G102 338 4,191 SH   SOLE   4,191 0 0
Felcor Lodging Trust Inc. PFD CV A $1.95 31430F200 12,067 432,526 SH   SOLE   432,526 0 0
General Amer Investors Co. Inc COM 368802104 976 28,401 SH   SOLE   28,401 0 0
Hancock Holding Company COM 410120109 569 11,617 SH   SOLE   11,617 0 0
Int'l Business Machines Corp. COM 459200101 12,260 79,697 SH   SOLE   79,697 0 0
Johnson Controls Int'l PLC COM g51502105 8,968 206,826 SH   SOLE   206,826 0 0
JP Morgan Chase & Co. COM 46625H100 329 3,595 SH   SOLE   3,595 0 0
Liberty All-Star Equity Fund COM 530158104 556 98,177 SH   SOLE   98,177 0 0
Microsoft Corp. COM 594918104 16,363 237,381 SH   SOLE   237,381 0 0
Motorola Solutions Inc. COM 620076307 11,323 130,540 SH   SOLE   130,540 0 0
Nacco Industries Inc. COM 629579103 26,287 371,017 SH   SOLE   371,017 0 0
Premier Inc. COM 74051n102 1,400 38,890 SH   SOLE   38,890 0 0
Ralph Lauren Corp. COM 751212101 18,275 247,629 SH   SOLE   247,629 0 0
RMR Real Estate Income Fund COM 76970B101 299 13,695 SH   SOLE   13,695 0 0
Royce Global Value Trust Inc. COM 78081T104 563 58,625 SH   SOLE   58,625 0 0
Royce Value Trust Inc. COM 780910105 628 43,071 SH   SOLE   43,071 0 0
Sanofi-Aventis RIGHT 12/31/2020 80105N113 16 43,148 SH   SOLE   43,148 0 0
Scholastic Corp. COM 807066105 25,756 590,876 SH   SOLE   590,876 0 0
Starbucks Corp. COM 855244109 292 5,000 SH   SOLE   5,000 0 0
Tesla Motors Inc. COM 88160R101 237 655 SH   SOLE   655 0 0
The Brinks Co. COM 109696104 33,777 504,128 SH   SOLE   504,128 0 0
The Howard Hughes Corp. COM 44267D107 341 2,775 SH   SOLE   2,775 0 0
The Procter & Gamble Company COM 742718109 752 8,630 SH   SOLE   8,630 0 0
Tri-Continental Corp. COM 895436103 245 10,045 SH   SOLE   10,045 0 0
Trinity Industries Inc. COM 896522109 4,374 156,050 SH   SOLE   156,050 0 0
Vereit Inc. Note 3.750% 12/1 02917TAB0 11,882 11,550,000 PRN   SOLE   11,550,000 0 0
Wells Fargo & Co. COM 949746101 551 9,950 SH   SOLE   9,950 0 0