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 203 11,700 SH   SOLE   11,700 0 0
AT&T Inc. COM 00206R102 5,672 136,499 SH   SOLE   136,499 0 0
Allstate Corp. COM 020002101 3,940 48,344 SH   SOLE   48,344 0 0
AnnalyCapMgmtIncREIT COM 035710409 1,032 92,925 SH   SOLE   92,925 0 0
Applied Materials COM 038222105 7,688 197,645 SH   SOLE   197,645 0 0
BB&T Corporation COM 054937107 1,661 37,160 SH   SOLE   37,160 0 0
BSM BlackStoneMnlsLP COM 09225M101 1,123 68,009 SH   SOLE   68,009 0 0
Bank of America Corp. COM 060505104 8,100 343,381 SH   SOLE   343,381 0 0
Boeing Company COM 097023105 3,104 17,550 SH   SOLE   17,550 0 0
CNP CenterPointEnrgy COM 15189T107 447 16,200 SH   SOLE   16,200 0 0
Capital One Fin'l Corp COM 14040H105 3,728 43,015 SH   SOLE   43,015 0 0
Citigroup Inc COM 172967424 6,561 109,676 SH   SOLE   109,676 0 0
Cullen Frost Bankers COM 229899109 11,199 125,872 SH   SOLE   125,872 0 0
Dow Chemical Co COM 260543103 4,935 77,664 SH   SOLE   77,664 0 0
ETR Entergy Corp COM 29364G103 228 3,000 SH   SOLE   3,000 0 0
Emcore Corporation COM 290846203 135 15,000 SH   SOLE   15,000 0 0
Enzo Biochem Inc. COM 294100102 799 95,476 SH   SOLE   95,476 0 0
FSP FranklinStrPrpCrp REIT COM 35471R106 170 14,000 SH   SOLE   14,000 0 0
GBDC Golub Cap BDC COM 38173M102 201 10,100 SH   SOLE   10,100 0 0
General Motors Co COM 37045V100 7,565 213,940 SH   SOLE   213,940 0 0
Gilead Sciences Inc COM 375558103 4,378 64,462 SH   SOLE   64,462 0 0
HPT Hsptlty PrpREIT COM 44106M102 451 14,300 SH   SOLE   14,300 0 0
HTGC HerculesCapInc COM 427096508 215 14,200 SH   SOLE   14,200 0 0
KMI Kinder Morgan Inc COM 49456B101 809 37,200 SH   SOLE   37,200 0 0
LPT Liberty Prp Tr REIT COM 531172104 258 6,700 SH   SOLE   6,700 0 0
Lincoln National Corp. COM 534187109 1,594 24,356 SH   SOLE   24,356 0 0
MAIN Main St CapCrp COM 56035L104 210 5,500 SH   SOLE   5,500 0 0
MCY Mercury GenlCrp COM 589400100 232 3,800 SH   SOLE   3,800 0 0
Merck & Co. Inc. COM 58933Y105 1,301 20,480 SH   SOLE   20,480 0 0
Merrimack Pharma Inc COM 590328100 459 148,985 SH   SOLE   148,985 0 0
Mosaic Co. (The) COM 61945C103 4,130 141,520 SH   SOLE   141,520 0 0
NMFC NewMtnFinCorp COM 647551100 185 12,400 SH   SOLE   12,400 0 0
NYCB NYCmtyBancorp COM 649445103 156 11,200 SH   SOLE   11,200 0 0
Nat'l Oilwell Varco Inc COM 637071101 2,479 61,837 SH   SOLE   61,837 0 0
O Realty Incm Crp REIT COM 756109104 244 4,100 SH   SOLE   4,100 0 0
Occidental Petro Corp COM 674599105 3,652 57,640 SH   SOLE   57,640 0 0
PNNT PennantPark Inv COM 708062104 148 18,200 SH   SOLE   18,200 0 0
PRK Park Natl Corp COM 700658107 231 2,200 SH   SOLE   2,200 0 0
PSEC Prospect CapCorp COM 74348T102 141 15,600 SH   SOLE   15,600 0 0
SO Southern Co/The COM 842587107 279 5,600 SH   SOLE   5,600 0 0
Schlumberger Ltd COM 806857108 4,546 58,203 SH   SOLE   58,203 0 0
TCRD THL Credit Inc COM 872438106 119 11,900 SH   SOLE   11,900 0 0
Union Pacific Corp COM 907818108 4,649 43,890 SH   SOLE   43,890 0 0
Wal-Mart Stores Inc COM 931142103 2,288 31,748 SH   SOLE   31,748 0 0
WestRock Company COM 96145D105 5,531 106,310 SH   SOLE   106,310 0 0
Western Union Co/The COM 959802109 5,422 266,442 SH   SOLE   266,442 0 0
Williams-Sonoma, Inc COM 969904101 960 17,895 SH   SOLE   17,895 0 0
ZimmerBiometHldgsInc COM 98956P102 2,136 17,495 SH   SOLE   17,495 0 0
BP Plc ADS ADR 055622104 4,889 141,636 SH   SOLE   141,636 0 0
Honda Motor Co Ltd. ADR 438128308 3,715 122,757 SH   SOLE   122,757 0 0
JohnsonControlsIntl Plc ADR G51502105 1,062 25,222 SH   SOLE   25,222 0 0
OB Onebeacon InsGrp ADR G67742109 182 11,400 SH   SOLE   11,400 0 0
Rio Tinto Plc ADR 767204100 1,971 48,448 SH   SOLE   48,448 0 0
Roche Holdings Ltd ADR 771195104 1,643 51,440 SH   SOLE   51,440 0 0
Royal Dutch Shell A Plc ADR 780259206 2,642 50,113 SH   SOLE   50,113 0 0
SFL Ship Fin Intl Ltd ADR G81075106 151 10,300 SH   SOLE   10,300 0 0
Teva Phrm Ind Ltd ADR ADR 881624209 6,420 200,050 SH   SOLE   200,050 0 0
XL Group Ltd. ADR G98294104 7,029 176,353 SH   SOLE   176,353 0 0
Alliance WW Priv Fd (AWPAX) MMF 01879X103 319 19,580 SH   SOLE   19,580 0 0
FTABX Fidelity Tax-Free Bond F MMF 316128503 492 43,557 SH   SOLE   43,557 0 0
MS India Inv Fd (IIF) MMF 61745C105 397 12,600 SH   SOLE   12,600 0 0
SBI Western Asset Interm Muni MMF 958435109 456 47,800 SH   SOLE   47,800 0 0
ProSharesUltraBBCrdOil(UCO) ETF 74347W247 1,663 87,417 SH   SOLE   87,417 0 0
US Nat Gas Fd ETF UNG) ETF 912318201 789 104,190 SH   SOLE   104,190 0 0
Vaneck Vectors ETF Tr (ISRA) ETF 57061R676 567 19,500 SH   SOLE   19,500 0 0