UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Central Securities Corporation
Address: 375 Park Avenue
New York, New York 10152
13F File Number: 28-6578
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Karen E. Riley
Title: Secretary
Phone: 212-688-3011
Signature, Place, and Date of Signing:
Karen E. Riley New York, New York May 7, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 37
Form 13F Information Table Value Total: 392910
List of Other Included Managers:
None
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FORM 13F INFORMATION TABLE
VOTING
VALUE SHARES/ SH/ PUT/ INVSMT OTHER AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ALLMERICA FINANCIAL CORP. COMMON 019754 10 0 3854 70000 SH SOLE 70000 0 0
AMERICAN MGMT SYSTEMS INC. COMMON 027352 10 3 33272 975000 SH SOLE 975000 0 0
ANALOG DEVICES , INC. COMMON 032654 10 5 21420 720000 SH SOLE 720000 0 0
ARROW ELECTRONICS INC. COMMON 042735 10 0 1500 100000 SH SOLE 100000 0 0
BANK OF NEW YORK CO., INC. COMMON 064057 10 2 33063 920000 SH SOLE 920000 0 0
BRADY CORPORATION COMMON 104674 10 6 12563 600000 SH SOLE 600000 0 0
CABLETRON SYSTEMS, INC. COMMON 126920 10 7 1638 200000 SH SOLE 200000 0 0
CAPITAL ONE FINANCIAL CORP. COMMON 14040H 10 5 30200 200000 SH SOLE 200000 0 0
CHURCH & DWIGHT CO., INC. COMMON 171340 10 2 13244 325000 SH SOLE 325000 0 0
CINCINNATI BELL INC. COMMON 171870 10 8 3366 150000 SH SOLE 150000 0 0
CONVERGYS CORPORATION COMMON 212485 10 6 2569 150000 SH SOLE 150000 0 0
THE DII GROUP INCORPORATED COMMON 232949 10 7 17550 600000 SH SOLE 600000 0 0
DELTIC TIMBER CORPORATION COMMON 247850 10 0 1188 50000 SH SOLE 50000 0 0
ELECTRONIC DATA SYSTEMS CORP COMMON 285661 10 4 4869 100000 SH SOLE 100000 0 0
FIRST UNION CORPORATION COMMON 337358 10 5 14963 280000 SH SOLE 280000 0 0
HANNA (M.A.) COMPANY COMMON 410522 10 6 12813 1000000 SH SOLE 1000000 0 0
HOUSEHOLD INTERNATIONAL INC COMMON 441815 10 7 20531 450000 SH SOLE 450000 0 0
IXC COMMUNICATIONS CORP. COMMON 450713 10 2 8044 175356 SH SOLE 175356 0 0
IXC COMMUNICATIONS CORP. PFD CONV 7-1/4% 450713 50 8 2173 10743 SH SOLE 10743 0 0
INTEL CORPORATION COMMON 458140 10 0 48841 410000 SH SOLE 410000 0 0
KERR-MCGEE CORPORATION COMMON 492386 10 7 2297 70000 SH SOLE 70000 0 0
MGI PHARMA, INC. COMMON 552880 10 6 1256 150000 SH SOLE 150000 0 0
MIDAMERICAN ENERGY HOLDINGS COMMON 59562V 10 7 8400 300000 SH SOLE 300000 0 0
MORRISON KNUDSEN CORP. COMMON 61844A 10 9 6956 700000 SH SOLE 700000 0 0
MURPHY OIL CORPORATION COMMON 626717 10 2 12450 300000 SH SOLE 300000 0 0
MUTUAL RISK MANAGEMENT COMMON 628351 10 8 9240 240000 SH SOLE 240000 0 0
NEXTEL COMMUNICATIONS INC. CL A COMMON 65332V 10 3 8790 240000 SH SOLE 240000 0 0
OMNICARE INC. COMMON 681904 10 8 1906 100000 SH SOLE 100000 0 0
PEERLESS SYSTEMS CORP. COMMON 705536 10 0 3358 395000 SH SOLE 395000 0 0
PETROLEUM GEO-SERVICES SPONSORED ADR 716597 10 9 1525 100000 SH SOLE 100000 0 0
PROVIDENT COMPANIES INC. COMMON 743862 10 4 7604 220000 SH SOLE 220000 0 0
REYNOLDS & REYNOLDS CO. CL A COMMON 761695 10 5 10545 555000 SH SOLE 555000 0 0
ROHM AND HAAS COMPANY COMMON 775371 10 7 10069 300000 SH SOLE 300000 0 0
TRANSPORT CORP OF AMERICA COMMON 89385p 10 2 6138 533757 SH SOLE 533757 0 0
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UNIFIRST CORPORATION COMMON 904708 10 4 3169 150000 SH SOLE 150000 0 0
VESTA INSURANCE GROUP INC. COMMON 925391 10 4 1025 200000 SH SOLE 200000 0 0
WATKINS-JOHNSON COMPANY COMMON 942486 10 1 10521 465000 SH SOLE 465000 0 0
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