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 941 4,000 SH   SOLE   4,000 0 0
A.H. Belo Corp. COM 001282102 1,809 376,885 SH   SOLE   376,885 0 0
Abbott Laboratories COM 002824100 4,309 75,506 SH   SOLE   75,506 0 0
AbbVie Inc. COM 00287Y109 7,314 75,628 SH   SOLE   75,628 0 0
Aberdeen Singapore Fund Inc. COM 003244100 2,550 205,325 SH   SOLE   205,325 0 0
Adams Diversified Equity Fund COM 006212104 6,005 399,522 SH   SOLE   399,522 0 0
Advance Auto Parts Inc. COM 00751Y106 23,688 237,615 SH   SOLE   237,615 0 0
AGCO Corp. COM 001084102 13,913 194,773 SH   SOLE   194,773 0 0
Alpine Total Dynamic Div Fd COM 021060207 4,240 447,780 SH   SOLE   447,780 0 0
Apple Inc. COM 037833100 412 2,432 SH   SOLE   2,432 0 0
Baker Hughes a GE Co. COM 05722G100 6,769 213,925 SH   SOLE   213,925 0 0
Becton Dickinson & Co. COM 075887109 10,356 48,381 SH   SOLE   48,381 0 0
Berkshire Hathaway Inc. Del CL A 084670108 595 2 SH   SOLE   2 0 0
Berkshire Hathaway Inc. Del CL B NEW 084670702 22,663 114,331 SH   SOLE   114,331 0 0
Capital Southwest Corp. COM 140501107 22,855 1,380,941 SH   SOLE   1,380,941 0 0
CBS Corp. Class B COM 124857202 18,364 311,249 SH   SOLE   311,249 0 0
CDW Corp. COM 12514G108 3,507 50,473 SH   SOLE   50,473 0 0
Central Securities Corp. COM 155123102 1,021 37,275 SH   SOLE   37,275 0 0
CKX Lands Inc. COM 12562N104 807 79,250 SH   SOLE   79,250 0 0
Clough Global Opportunities Fd COM 18914E106 1,775 163,122 SH   SOLE   163,122 0 0
Comcast Corp. New CL A 20030N101 7,610 190,018 SH   SOLE   190,018 0 0
Covanta Holding Corp. COM 22282E102 172 10,200 SH   SOLE   10,200 0 0
CSW Industrials Inc. COM 126402106 37,172 808,963 SH   SOLE   808,963 0 0
Diageo PLC Sponsored ADR SPON ADR NEW 25243Q205 328 2,246 SH   SOLE   2,246 0 0
Disney (Walt) Co. COM 254687106 840 7,810 SH   SOLE   7,810 0 0
Dividend and Income Fund Inc. COM 25538A204 1,994 148,490 SH   SOLE   148,490 0 0
Dollar Tree Inc. COM 256746108 7,237 67,444 SH   SOLE   67,444 0 0
Exxon Mobil Corp. COM 30231G102 450 5,386 SH   SOLE   5,386 0 0
General Amer Investors Co. Inc COM 368802104 977 28,401 SH   SOLE   28,401 0 0
Hamilton Beach Brands Hldg C COM CL A 40701T104 15,161 590,141 SH   SOLE   590,141 0 0
Hancock Holding Company COM 410120109 575 11,617 SH   SOLE   11,617 0 0
Int'l Business Machines Corp. COM 459200101 18,917 123,300 SH   SOLE   123,300 0 0
Johnson Controls Int'l PLC COM g51502105 19,381 508,563 SH   SOLE   508,563 0 0
JP Morgan Chase & Co. COM 46625H100 368 3,437 SH   SOLE   3,437 0 0
Liberty All-Star Equity Fund COM 530158104 633 100,447 SH   SOLE   100,447 0 0
Microsoft Corp. COM 594918104 19,826 231,774 SH   SOLE   231,774 0 0
Motorola Solutions Inc. COM 620076307 11,472 126,983 SH   SOLE   126,983 0 0
Nacco Industries Inc. COM 629579103 2,526 67,090 SH   SOLE   67,090 0 0
Procter & Gamble Co. COM 742718109 673 7,325 SH   SOLE   7,325 0 0
PTC Therapeutics Inc. COM 69366j200 1,229 73,683 SH   SOLE   73,683 0 0
Ralph Lauren Corp. COM 751212101 19,584 188,871 SH   SOLE   188,871 0 0
Royce Global Value Trust Inc. COM 78081T104 990 91,545 SH   SOLE   91,545 0 0
Royce Value Trust Inc. COM 780910105 725 44,830 SH   SOLE   44,830 0 0
Sanofi-Aventis RIGHT 12/31/2020 80105N113 16 42,678 SH   SOLE   42,678 0 0
Scholastic Corp. COM 807066105 26,044 649,309 SH   SOLE   649,309 0 0
Spartan Motors Inc. COM 846819100 4,020 255,258 SH   SOLE   255,258 0 0
Starbucks Corp. COM 855244109 287 5,000 SH   SOLE   5,000 0 0
Tesla Motors Inc. COM 88160R101 204 655 SH   SOLE   655 0 0
The Brinks Co. COM 109696104 16,816 213,670 SH   SOLE   213,670 0 0
The Howard Hughes Corp. COM 44267D107 364 2,775 SH   SOLE   2,775 0 0
Tri-Continental Corp. COM 895436103 271 10,045 SH   SOLE   10,045 0 0
Trinity Industries Inc. COM 896522109 15,654 417,873 SH   SOLE   417,873 0 0
Vereit Inc. Note 3.750% 12/1 02917TAB0 11,789 11,480,000 PRN   SOLE   11,480,000 0 0
Wells Fargo & Co. COM 949746101 648 10,688 SH   SOLE   10,688 0 0