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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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. Common Stock 88579Y101 839 5,984 SH   SOLE   5,984 0 0
AbbVie, Inc. Common Stock 00287Y109 214 4,055 SH   SOLE   4,055 0 0
Accenture PLC - Cl.A Common Stock G1151C101 362 4,400 SH   SOLE   4,400 0 0
Alexanders, Inc. Common Stock 014752109 1,827 5,536 SH   SOLE   5,536 0 0
Alleghany Corp. Common Stock 017175100 10,759 26,900 SH   SOLE   26,900 0 0
American Express Common Stock 025816109 11,984 132,080 SH   SOLE   132,080 0 0
American Intl Grp Common Stock 026874784 13,536 265,155 SH   SOLE   265,155 0 0
Amgen Common Stock 031162100 240 2,100 SH   SOLE   2,100 0 0
Apache Corp. Common Stock 037411105 11,271 131,148 SH   SOLE   131,148 0 0
Apple Inc. Common Stock 037833100 15,310 27,290 SH   SOLE   27,290 0 0
Automatic Data Processing Common Stock 053015103 276 3,415 SH   SOLE   3,415 0 0
Bed, Bath & Beyond, Inc. Common Stock 075896100 12,639 157,400 SH   SOLE   157,400 0 0
Berkshire Hathaway Cl. B Common Stock 084670702 13,949 117,650 SH   SOLE   117,650 0 0
Biogen Idec Inc. Common Stock 09062X103 448 1,604 SH   SOLE   1,604 0 0
Boeing Co. Common Stock 097023105 15,301 112,100 SH   SOLE   112,100 0 0
Broadcast International Inc. Common Stock 11131M100 0 21,640 SH   SOLE   21,640 0 0
CVS Caremark Corp. Common Stock 126650100 215 3,000 SH   SOLE   3,000 0 0
Calpine Corporation Common Stock 131347304 8,731 447,490 SH   SOLE   447,490 0 0
Caterpillar Common Stock 149123101 520 5,725 SH   SOLE   5,725 0 0
Chevron Corp. Common Stock 166764100 644 5,155 SH   SOLE   5,155 0 0
Cisco Systems Inc. Common Stock 17275R102 11,034 491,937 SH   SOLE   491,937 0 0
Coach, Inc. Common Stock 189754104 9,903 176,425 SH   SOLE   176,425 0 0
Coca-Cola Common Stock 191216100 9,656 233,740 SH   SOLE   233,740 0 0
Comcast Corporation Class A Common Stock 20030N101 12,428 239,163 SH   SOLE   239,163 0 0
Disney, Walt & Co. Common Stock 254687106 458 6,000 SH   SOLE   6,000 0 0
E.I. DuPont Common Stock 263534109 243 3,742 SH   SOLE   3,742 0 0
Emerson Electric Common Stock 291011104 618 8,800 SH   SOLE   8,800 0 0
Exxon Mobil Corp. Common Stock 30231G102 15,059 148,802 SH   SOLE   148,802 0 0
FEDEX Corporation Common Stock 31428X106 15,242 106,020 SH   SOLE   106,020 0 0
Foot Locker Common Stock 344849104 9,634 232,475 SH   SOLE   232,475 0 0
Ford Motor Common Stock 345370860 190 12,300 SH   SOLE   12,300 0 0
Franklin Resources, Inc. Common Stock 354613101 13,050 226,055 SH   SOLE   226,055 0 0
Freeport McMoran Copper & Gold Common Stock 35671D857 302 8,000 SH   SOLE   8,000 0 0
General Electric Common Stock 369604103 1,028 36,660 SH   SOLE   36,660 0 0
General Motors Common Stock 37045V100 17,659 432,079 SH   SOLE   432,079 0 0
Goldman Sachs Group Common Stock 38141G104 10,776 60,790 SH   SOLE   60,790 0 0
HCP Inc. Common Stock 40414L109 254 7,000 SH   SOLE   7,000 0 0
Honeywell Intl Common Stock 438516106 270 2,950 SH   SOLE   2,950 0 0
Humana Corp. Common Stock 444859102 13,296 128,812 SH   SOLE   128,812 0 0
IBM Common Stock 459200101 1,445 7,702 SH   SOLE   7,702 0 0
IR BioSciences Holdings, Inc. Common Stock 46264M303 1 71,468 SH   SOLE   71,468 0 0
JPMorgan Chase & Co. Common Stock 46625H100 1,144 19,562 SH   SOLE   19,562 0 0
Johnson & Johnson Common Stock 478160104 12,008 131,107 SH   SOLE   131,107 0 0
Kennametal Inc. Common Stock 489170100 13,954 267,990 SH   SOLE   267,990 0 0
Kinder Morgan Energy Partners Common Stock 494550106 524 6,500 SH   SOLE   6,500 0 0
Lockheed-Martin Common Stock 539830109 1,623 10,915 SH   SOLE   10,915 0 0
McDonalds Corp. Common Stock 580135101 673 6,935 SH   SOLE   6,935 0 0
Merck Common Stock 58933Y105 357 7,138 SH   SOLE   7,138 0 0
Microsoft Corp Common Stock 594918104 12,057 322,290 SH   SOLE   322,290 0 0
News Corp. Ltd. Class A Common Stock 65249B109 8,296 460,384 SH   SOLE   460,384 0 0
Noble Energy, Inc. Common Stock 655044105 1,050 15,410 SH   SOLE   15,410 0 0
Oracle Corp. Common Stock 68389X105 802 20,950 SH   SOLE   20,950 0 0
Pfizer Inc. Common Stock 717081103 411 13,416 SH   SOLE   13,416 0 0
Proctor & Gamble Common Stock 742718109 639 7,850 SH   SOLE   7,850 0 0
Royal Dutch Shell PLC-AD Common Stock 780259206 387 5,424 SH   SOLE   5,424 0 0
Sanofi-Aventis-ADR Common Stock 80105N105 12,962 241,696 SH   SOLE   241,696 0 0
Sirius XM Holdings, Inc. Common Stock 82968B103 70 20,120 SH   SOLE   20,120 0 0
Southwestern Energy Co. Common Stock 845467109 10,625 270,155 SH   SOLE   270,155 0 0
Suncor Energy Common Stock 867224107 259 7,400 SH   SOLE   7,400 0 0
TRW Automotive Holdings Corp. Common Stock 87264S106 12,248 164,640 SH   SOLE   164,640 0 0
Tesco plc ADR Common Stock 881575302 9,996 593,560 SH   SOLE   593,560 0 0
Ultra Petroleum Corp. Common Stock 903914109 9,820 453,580 SH   SOLE   453,580 0 0
Unilever ADR Common Stock 904767704 8,905 216,140 SH   SOLE   216,140 0 0
Unilever NV Common Stock 904784709 1,944 48,310 SH   SOLE   48,310 0 0
Unit Corporation Common Stock 909218109 9,885 191,490 SH   SOLE   191,490 0 0
UnitedHealth Group Inc. Common Stock 91324P102 12,333 163,780 SH   SOLE   163,780 0 0
Verizon Communications Common Stock 92343V104 460 9,353 SH   SOLE   9,353 0 0
Vornado REIT Common Stock 929042109 932 10,500 SH   SOLE   10,500 0 0
W.P. Carey Inc. Common Stock 92936U109 374 6,103 SH   SOLE   6,103 0 0
Wal Mart Stores Inc. Common Stock 931142103 10,519 133,675 SH   SOLE   133,675 0 0
Weight Watchers International Common Stock 948626106 6,949 211,030 SH   SOLE   211,030 0 0
Western Union Common Stock 959802109 9,625 557,988 SH   SOLE   557,988 0 0
Ishares Russell 2000 Index share 464287655 675 5,850 SH   SOLE   5,850 0 0
Midcap SPDR Trust Ser 1 - S&P Index share 78467Y107 816 3,342 SH   SOLE   3,342 0 0
SPDR S&P 500 ETF Trust Ser. 1 Index share 78462F103 605 3,277 SH   SOLE   3,277 0 0
Vanguard Financials ETF Index share 92204A405 276 6,210 SH   SOLE   6,210 0 0
Vanguard Small-Cap Growth ETF Index share 922908595 465 3,800 SH   SOLE   3,800 0 0
Vanguard Total Stock Market ET Index share 922908769 969 10,097 SH   SOLE   10,097 0 0
iShares Core S&P Mid-Cap ETF Index share 464287507 306 2,290 SH   SOLE   2,290 0 0
Vanguard FTSE Developed Market Index share 921943858 453 10,861 SH   SOLE   10,861 0 0
Vanguard FTSE Europe ETF Index share 922042874 212 3,600 SH   SOLE   3,600 0 0
iShares MSCI EAFE Index share 464287465 745 11,110 SH   SOLE   11,110 0 0
Ishares MSCI Emerging Markets Index share 464287234 274 6,550 SH   SOLE   6,550 0 0
Vanguard FTSE Emerging Markets Index share 922042858 372 9,050 SH   SOLE   9,050 0 0
Granite Value Fund Funds 92046L783 8,518 601,116 SH   SOLE   601,116 0 0
American Europacific Growth R3 Funds 298706854 1,783 37,052 SH   SOLE   37,052 0 0
Invesco Senior Income Trust Funds 46131H107 208 41,300 SH   SOLE   41,300 0 0
Western Asset High Income Fund Funds 95766J102 126 14,000 SH   SOLE   14,000 0 0
Western Asset Managed High Inc Funds 95766L107 164 28,900 SH   SOLE   28,900 0 0
IShares Barclays 1-3 Year Cred Index share 464288646 2,384 22,605 SH   SOLE   22,605 0 0
IShares Barclays US TIPS Index share 464287176 4,067 37,004 SH   SOLE   37,004 0 0
IShares Intermediate Credit Index share 464288638 442 4,100 SH   SOLE   4,100 0 0
IShares iBoxx Investment Grade Index share 464287242 295 2,585 SH   SOLE   2,585 0 0
PowerShares Emerg Mkts Soverei Index share 73936T573 216 8,000 SH   SOLE   8,000 0 0
SPDR Barclays Short Term Hi Yl Index share 78468R408 201 6,500 SH   SOLE   6,500 0 0
Vanguard Short-Term Corp. Bond Index share 92206C409 255 3,200 SH   SOLE   3,200 0 0
iShares Barclays 0-5 Year TIPS Index share 46429B747 202 2,000 SH   SOLE   2,000 0 0
iShares Floating Rate Bond Index share 46429B655 4,804 94,722 SH   SOLE   94,722 0 0