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
ARCC Ares Capl Corp COM 04010L103 166 11,700 SH   SOLE   11,700 0 0
AT&T Inc. COM 00206R102 6,074 140,558 SH   SOLE   140,558 0 0
Allstate Corp. COM 020002101 4,941 70,638 SH   SOLE   70,638 0 0
AnnalyCapMgmtIncREIT COM 035710409 1,955 176,560 SH   SOLE   176,560 0 0
Applied Materials COM 038222105 5,901 246,190 SH   SOLE   246,190 0 0
ArcherDanielsMidland COM 039483102 1,765 41,148 SH   SOLE   41,148 0 0
BB&T Corporation COM 054937107 1,361 38,220 SH   SOLE   38,220 0 0
BSM BlackStoneMnlsLP COM 09225M101 271 17,500 SH   SOLE   17,500 0 0
Bank of America Corp. COM 060505104 4,710 354,937 SH   SOLE   354,937 0 0
Boeing Company COM 097023105 5,673 43,681 SH   SOLE   43,681 0 0
CNP CenterPointEnrgy COM 15189T107 389 16,200 SH   SOLE   16,200 0 0
Capital One Fin'l Corp COM 14040H105 2,952 46,475 SH   SOLE   46,475 0 0
Citigroup Inc COM 172967424 5,170 121,960 SH   SOLE   121,960 0 0
Cullen Frost Bankers COM 229899109 4,899 76,876 SH   SOLE   76,876 0 0
Dover Corporation COM 260003108 2,115 30,512 SH   SOLE   30,512 0 0
Dow Chemical Co COM 260543103 6,462 129,994 SH   SOLE   129,994 0 0
ETR Entergy Corp COM 29364G103 244 3,000 SH   SOLE   3,000 0 0
Emcore Corporation COM 290846203 74 12,500 SH   SOLE   12,500 0 0
Enzo Biochem Inc. COM 294100102 418 70,001 SH   SOLE   70,001 0 0
FSP Franklin Str PrpCrp COM 35471R106 172 14,000 SH   SOLE   14,000 0 0
GBDC Golub Cap BDC COM 38173M102 183 10,100 SH   SOLE   10,100 0 0
General Motors Co COM 37045V100 6,178 218,320 SH   SOLE   218,320 0 0
HPT Hsptlty PrpREIT COM 44106M102 360 12,500 SH   SOLE   12,500 0 0
HTGC HerculesCapInc COM 427096508 176 14,200 SH   SOLE   14,200 0 0
IBM Corporation COM 459200101 6,234 41,075 SH   SOLE   41,075 0 0
Johnson Controls Inc COM 478366107 1,332 30,090 SH   SOLE   30,090 0 0
KMI Kinder Morgan Inc COM 49456B101 696 37,200 SH   SOLE   37,200 0 0
LPT Liberty Prp Tr REIT COM 531172104 266 6,700 SH   SOLE   6,700 0 0
Lincoln National Corp. COM 534187109 1,211 31,234 SH   SOLE   31,234 0 0
MCY Mercury GenlCrp COM 589400100 202 3,800 SH   SOLE   3,800 0 0
Merck & Co. Inc. COM 58933Y105 2,579 44,768 SH   SOLE   44,768 0 0
Mosaic Co. (The) COM 61945C103 3,774 144,155 SH   SOLE   144,155 0 0
NMFC NewMtnFinCorp COM 647551100 160 12,400 SH   SOLE   12,400 0 0
NYCB NYCmtyBancorp COM 649445103 168 11,200 SH   SOLE   11,200 0 0
Nat'l Oilwell Varco Inc COM 637071101 2,176 64,668 SH   SOLE   64,668 0 0
O Realty Incm Crp REIT COM 756109104 284 4,100 SH   SOLE   4,100 0 0
Occidental Petro Corp COM 674599105 3,887 51,447 SH   SOLE   51,447 0 0
PM Philip Morris Intl COM 718172109 336 3,300 SH   SOLE   3,300 0 0
PNNT PennantPark Inv COM 708062104 124 18,200 SH   SOLE   18,200 0 0
PRK Park Natl Corp COM 700658107 202 2,200 SH   SOLE   2,200 0 0
PSEC Prospect CapCorp COM 74348T102 122 15,600 SH   SOLE   15,600 0 0
Quest Diagnostics Inc COM 74834L100 1,301 15,975 SH   SOLE   15,975 0 0
Raytheon Company COM 755111507 2,443 17,971 SH   SOLE   17,971 0 0
Rock Creek Pharma Inc COM 772081204 2 189,600 SH   SOLE   189,600 0 0
SO Southern Co/The COM 842587107 300 5,600 SH   SOLE   5,600 0 0
Schlumberger Ltd COM 806857108 4,662 58,955 SH   SOLE   58,955 0 0
TCRD THL Credit Inc COM 872438106 132 11,900 SH   SOLE   11,900 0 0
Union Pacific Corp COM 907818108 5,492 62,950 SH   SOLE   62,950 0 0
WPC WPCarey Inc REIT COM 92936U109 208 3,000 SH   SOLE   3,000 0 0
Wal-Mart Stores Inc COM 931142103 3,421 46,845 SH   SOLE   46,845 0 0
WestRock Company COM 96145D105 4,116 105,885 SH   SOLE   105,885 0 0
Western Union Co/The COM 959802109 7,948 414,396 SH   SOLE   414,396 0 0
BP Plc ADS ADR 055622104 5,315 149,677 SH   SOLE   149,677 0 0
Ensco Plc ADS ADR G3157S106 1,946 200,454 SH   SOLE   200,454 0 0
Ericsson ADS ADR 294821608 3,452 449,502 SH   SOLE   449,502 0 0
Honda Motor Co Ltd. ADR 438128308 3,329 131,425 SH   SOLE   131,425 0 0
OB Onebeacon InsGrp ADR G67742109 157 11,400 SH   SOLE   11,400 0 0
Rio Tinto Plc ADR 767204100 2,815 89,935 SH   SOLE   89,935 0 0
Royal Dutch Shell A Plc ADR 780259206 3,024 54,759 SH   SOLE   54,759 0 0
SFL Ship Fin Intl Ltd ADR G81075106 152 10,300 SH   SOLE   10,300 0 0
Sanofi ADS ADR 80105N105 5,007 119,653 SH   SOLE   119,653 0 0
Teva Phrm Ind Ltd ADR ADR 881624209 4,106 81,745 SH   SOLE   81,745 0 0
XL Group Ltd. ADR G98290102 6,118 183,668 SH   SOLE   183,668 0 0
Alliance WW Priv Fd (AWPAX) MMF 01879X103 301 19,580 SH   SOLE   19,580 0 0
FTABX Fidelity Tax-Free Bond F MMF 316128503 526 43,557 SH   SOLE   43,557 0 0
MS India Invstmnt Fd (IIF) MMF 61745C105 296 11,100 SH   SOLE   11,100 0 0
SBI Western Asset Interm Muni MMF 958435109 506 47,800 SH   SOLE   47,800 0 0
ProShares Ultra BB Crude Oil ETF 74347W320 1,601 131,000 SH   SOLE   131,000 0 0
US Natural Gas Fd ETF (UNG) ETF 912318201 236 27,300 SH   SOLE   27,300 0 0
Vaneck Vectors ETF Tr (ISRA) ETF 57061R676 517 19,500 SH   SOLE   19,500 0 0