<TABLE>
September 30, 1999
FORM 13F INFORMATION TABLE
TITLE VALUE SHARES/ SH/ PUT/
INVSTMT VOTING AUTH.
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL
DSCRETN SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- --- ------------ -----
<S> <C> <C> <C> <C> <C> <C>
<C> <C>
AIRGAS INC COM COM 009363102 3231 277900 SH
SOLE 41200 236700
AK STL HLDG CORP COM COM 001547108 4410 241641 SH
SOLE 96116 145525
ANANGEL-AMERN SHIPHLDG SPONSOR COM 032721201 1891 420301 SH
SOLE 266711 153590
ANSYS INC COM COM 03662Q105 139 14050 SH
SOLE 14050
ASA LTD COM COM 002050102 219 10500 SH
SOLE 8000 2500
B&H OCEAN CARRIERS LTD COM COM 055090104 771 456867 SH
SOLE 306405 150462
BERRY PETE CO CL A COM 085789105 2973 219231 SH
SOLE 45300 173931
BLAIR CORP COM COM 092828102 2359 133825 SH
SOLE 37100 96725
BROWN & SHARPE MFG CO CL A COM 115223109 104 43991 SH
SOLE 3832 40159
BSB BANCORP COM COM 055652101 4428 184490 SH
SOLE 57045 127445
BT SHIPPING LTD SPN ADR REP 5S COM 056007305 45 72188 SH
SOLE 41687 30501
CALLON PETE CO DEL COM COM 13123X102 4337 284411 SH
SOLE 98100 186311
CAMPBELL RES INC NEW COM COM 134422104 191 556392 SH
SOLE 556392
CARBIDE/GRAPHITE GROUP COM COM 140777103 1076 124800 SH
SOLE 14000 110800
CASCADE CORP COM COM 147195101 1615 153815 SH
SOLE 1000 152815
CHICAGO TITLE CORP COM COM 168228104 3355 84008 SH
SOLE 9500 74508
CLEVELAND CLIFFS INC COM COM 185896107 3381 108633 SH
SOLE 37450 71183
COCA COLA BOTTLNG CONS COM COM 191098102 337 6000 SH
SOLE 6000
COHO ENERGY INC COM COM 192481109 194 327319 SH
SOLE 170700 156619
COMMONWEALTH TELEPHONE ENTRP. COM 203349105 5151 117064 SH
SOLE 33826 83238
COURIER CORP COM COM 222660102 5166 215268 SH
SOLE 126515 88753
CULP INC COM COM 230215105 1495 206184 SH
SOLE 97915 108269
DATA I O CORP COM COM 237690102 695 427513 SH
SOLE 276855 150658
DIXIE GROUP INC COM 255519100 3545 457479 SH
SOLE 243551 213928
DREW INDS INC COM NEW COM 26168L205 2323 256346 SH
SOLE 91700 164646
DUCOMMUN INC DEL COM COM 264147109 3335 303151 SH
SOLE 95566 207585
DURA PRODUCTS INTERNATIONAL COM 265904102 74 238250 SH
SOLE 139500 98750
ENNIS BUSINESS FORMS COM COM 293389102 411 46300 SH
SOLE 46300
ENVIROGEN INC COM COM 294040100 19 20000 SH
SOLE 20000
ESTERLINE TECHNOLOGIES COM COM 297425100 5263 334155 SH
SOLE 123170 210985
EXXON CORP COM COM 302290101 243 3200 SH
SOLE 3200
FIRST AMERN FINL CORP COM COM 318522307 3278 245103 SH
SOLE 88113 156990
FIRST ESSEX BANCORP COM COM 320103104 1935 122385 SH
SOLE 26500 95885
FRONTIER OIL CORP COM COM 35914P105 4175 612774 SH
SOLE 342744 270030
GIANT INDS INC COM COM 374508109 1085 93310 SH
SOLE 44000 49310
GREIF BROS CORP CL A COM 397624107 4478 158510 SH
SOLE 55200 103310
GRIFFON CORP COM COM 398433102 88 11000 SH
SOLE 11000
HARDINGE INC COM COM 412324303 3444 215228 SH
SOLE 63750 151478
IMC GLOBAL INC COM COM 449669100 1833 125889 SH
SOLE 17000 108889
IMPALA PLATINUM HOLDING-ADR COM 452553209 7820 226659 SH
SOLE 131616 95043
INACOM CORP COM COM 45323G109 1736 188998 SH
SOLE 63750 125248
KAISER ALUMINUM CORP COM COM 483007100 2108 253575 SH
SOLE 149600 103975
KEVCO INC COM COM 492716105 958 201750 SH
SOLE 87500 114250
KEYSTONE CONS INDS INC COM COM 493422109 561 134053 SH
SOLE 78728 55325
LADD FURNITURE INC COM PAR 0.3 COM 505739201 5409 255280 SH
SOLE 86698 168582
LAWRENCE SV BK MA NEW COM COM 520341108 1173 150090 SH
SOLE 34500 115590
LINDBERG CORP COM COM 535171102 3640 398876 SH
SOLE 145955 252921
LOUIS DREYFUS NAT GAS COM COM 546011107 1796 83796 SH
SOLE 37786 46010
MAXXAM INC COM COM 577913106 2992 58233 SH
SOLE 12406 45827
MICROTOUCH SYS INC COM COM 595145103 350 20725 SH
SOLE 500 20225
MIDWAY AIRLS CORP COM COM 598126100 940 147500 SH
SOLE 17000 130500
NATIONAL STD CO COM COM 637742107 1179 410178 SH
SOLE 269634 140544
NORD PAC LTD ORD NEW COM 65556D102 300 428717 SH
SOLE 310110 118607
PATRICK INDS INC COM COM 703343103 3133 246950 SH
SOLE 109800 137150
PLAINTREE SYS INC COM COM 72663E106 83 176000 SH
SOLE 176000
PRINTRONIX INC COM COM 742578107 7063 376676 SH
SOLE 160252 216424
QUIDEL CORP COM COM 74838J101 3496 799099 SH
SOLE 358676 440423
RANGER OIL LTD COM COM 752805101 3336 784922 SH
SOLE 462075 322847
REHABCARE GROUP INC COM COM 759148109 2067 116450 SH
SOLE 11000 105450
REPAP ENTERPRISES INC COM COM 76026M309 177 2850148 SH
SOLE 2850148
SCAN OPTICS INC COM COM 805894102 2373 843812 SH
SOLE 389417 454395
STOLT NIELSEN S A COM COM L88742108 4715 315615 SH
SOLE 109400 206215
SUNOCO INC COM COM 86764P109 4005 146297 SH
SOLE 47254 99043
SYNALLOY CP DEL COM COM 871565107 477 69370 SH
SOLE 46400 22970
TEREX CORP NEW COM COM 880779103 6142 194977 SH
SOLE 68744 126233
TODHUNTER INTL INC DEL COM COM 889050100 1742 190894 SH
SOLE 121641 69253
TRANS LUX CORP COM COM 893247106 756 128623 SH
SOLE 68400 60223
WELLS GARDNER ELECTRS COM COM 949765101 982 357025 SH
SOLE 134925 222100
WESTMORELAND COAL CO COM COM 960878106 2544 726901 SH
SOLE 614034 112867
WORLD FUEL SVCS CORP COM COM 981475106 1331 136500 SH
SOLE 14400 122100
CASTLE CONV FD INC COM COM 148443104 862 40796 SH
SOLE 40796
DUFF&PHELPS UTIL CP BD COM COM 26432K108 659 49773 SH
SOLE 49773
DUFF&PHELPS UTILS INCM COM COM 264324104 1178 121569 SH
SOLE 121569
INDEPENDENCE SQ INCOME COM COM 453779100 678 44850 SH
SOLE 44850
MONTGOMERY STR INC SEC COM COM 614115103 234 14550 SH
SOLE 14550
REPORT SUMMARY 75 Data Records 162086 0 Other Managers
on Whose Behalf report is filed
</TABLE>
