UNITED STATES
SECURITES AND EXCHANGE COMMISION
Washington,D.C.20549
FORM 13F
FORM13F COVER PAGE
Report for the Quater Ended June 30, 1999
Grace & White, Inc.
515 Madison Avenue
Suite 1700
New York, N.Y. 10022
13F File Number:2Q99
Marc E. Ravitz,Vice-President (212) 935-5990
GRACE & WHITE, INC.
FORM 13F SUMMARY PAGE
AS OF DATE: 06/30/99
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 148
FORM 13F INFORMATION TABLE VALUE TOTAL: $179,783,000
LIST OF OTHER INCLUDED MANAGERS: None
NO. 13F FILE NUMBER 2Q99
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GRACE & WHITE, INC.
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- --------
ADVANCED MARKETING SVCS INC COM 00753T105 8336 555717 SH SOLE 62300 0 493417
ADVANCED MARKETING SVCS INC COM 00753T105 1553 103500 SH OTHER 0 0 103500
ALICO LAND DEV CO COM 016230104 938 60500 SH SOLE 11000 0 49500
ALICO LAND DEV CO COM 016230104 209 13500 SH OTHER 0 0 13500
ALLIANT CORP COM COM 018802108 2057 72489 SH SOLE 12491 0 59998
AMERICAN HOME PRODS CORP COM 026609107 207 3600 SH SOLE 0 0 3600
ANDERSEN GROUP COM 033501107 752 120363 SH SOLE 124 0 120239
ANDERSEN GROUP INC CV 10.5% 10 CONVERTIBLE BOND 033501AB3 225 371000 PRN SOLE 108000 0 263000
ARACRUZ CELULOSE ADR SP REP CL COM 038496204 275 12500 SH SOLE 10000 0 2500
ASIA FINANCIAL HOLDINGS HK FOREIGN COMMON S 6057754 238 1250000 SH SOLE 938000 0 312000
ATLANTIC RICHFIELD COMPANY COM 048825103 1116 13360 SH SOLE 0 0 13360
BANYAN STRATEGIC RLTY TR SH BE COM 06683M102 1056 179700 SH SOLE 3000 0 176700
BASSETT FURNITURE INDS INC COM COM 070203104 2786 121800 SH SOLE 15400 0 106400
BASSETT FURNITURE INDS INC COM COM 070203104 206 9000 SH OTHER 0 0 9000
BP AMOCO ADS COM 055622104 295 2717 SH SOLE 1175 0 1542
BP AMOCO ADS COM 055622104 1838 16938 SH OTHER 0 0 16938
BRISTOL MYERS SQUIBB CO COM 110122108 245 3480 SH OTHER 0 0 3480
BUELL INDS CONTINGENT PYMT RT WARRANT AND RIGH 119061190 0 13500 SH SOLE 0 0 13500
CALLAWAY GOLF CO COM COM 131193104 293 20000 SH SOLE 2500 0 17500
CASTLE A M & CO COM 148411101 747 43968 SH SOLE 10000 0 33968
CATELLUS DEV CORP COM COM 149111106 2881 188927 SH SOLE 33875 0 155052
CATELLUS DEV CORP COM COM 149111106 305 20000 SH OTHER 0 0 20000
CENTRAL SPRINKLER CORP COM 155184104 4524 160500 SH SOLE 40900 0 119600
CENTRAL SPRINKLER CORP COM 155184104 375 13300 SH OTHER 0 0 13300
CFS BANCORP INC COM COM 12525D102 1923 175800 SH SOLE 33500 0 142300
CHARTWELL RE CORP COM COM 16139W109 3791 203551 SH SOLE 36270 0 167281
CMI CORP OKLA CL A COM 125761304 1789 196000 SH SOLE 34000 0 162000
CROSS A T CO CL A COM 227478104 1443 259400 SH SOLE 55800 0 203600
CROSS A T CO CL A COM 227478104 121 21800 SH OTHER 0 0 21800
CROWN CRAFTS INC COM COM 228309100 1060 242300 SH SOLE 33000 0 209300
CYBEX INTL INC COM COM 23252E106 2055 463100 SH SOLE 51500 0 411600
CYBEX INTL INC COM COM 23252E106 178 40000 SH OTHER 0 0 40000
DAWSON GEOPHYSICAL CO COM COM 239359102 855 85000 SH SOLE 10500 0 74500
DESIGNS INC COM 25057L102 1912 1274900 SH SOLE 241300 0 1033600
DIGITAL GRAPHIX INC. COM 25385E101 0 11510 SH SOLE 0 0 11510
DONNA KARAN INTL INC COM COM 257826107 494 49700 SH SOLE 12000 0 37700
EDPERBRASCAN CORP LTD VTG SHS COM 280905803 211 14054 SH SOLE 0 0 14054
EMC INS GROUP INC COM 268664109 3461 294566 SH SOLE 47200 0 247366
EXXON CORP COM 302290101 396 5140 SH SOLE 0 0 5140
EXXON CORP COM 302290101 496 6432 SH OTHER 0 0 6432
FARM FAMILY HLDGS INC COM COM 307901108 342 10000 SH SOLE 2400 0 7600
FLEMING COS INC COM 339130106 863 74229 SH SOLE 21544 0 52685
FOREST CITY ENTERPRISES CLASS COM 345550107 1495 53400 SH SOLE 2230 0 51170
FOREST CITY ENTERPRISES CLASS COM 345550107 378 13500 SH OTHER 0 0 13500
FOREST CITY ENTERPRISES CLASS COM 345550305 1569 55800 SH SOLE 12730 0 43070
FORT DEARBORN INC SECS COM 347200107 339 23603 SH SOLE 0 0 23603
FOSTER WHEELER CORP COM 350244109 477 33920 SH SOLE 0 0 33920
FRESENIUS MEDICAL CARE PFD D PREFERRED STOCKS 358030203 0 11188 SH SOLE 0 0 11188
FRIEDMAN INDS INC COM 358435105 70 16767 SH SOLE 6465 0 10302
GENERAL ELEC CO COM 369604103 1537 13600 SH SOLE 0 0 13600
GETTY PETE MARKETING INC COM COM 374292100 222 73900 SH SOLE 0 0 73900
GLATFELTER P H CO COM COM 377316104 147 10080 SH SOLE 0 0 10080
GLEASON CORP COM 377339106 1933 115000 SH SOLE 22400 0 92600
GLEASON CORP COM 377339106 219 13000 SH OTHER 0 0 13000
GLOBAL-TECH APPLIANCES INC ORD COM G39320109 66 11000 SH SOLE 0 0 11000
GORMAN RUPP CO COM 383082104 3479 210850 SH SOLE 62409 0 148441
GUARANTEE LIFE COS INC COM COM 400740106 1357 54000 SH SOLE 11500 0 42500
GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 3694 895500 SH SOLE 227300 0 668200
GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 293 71000 SH OTHER 0 0 71000
H & Q LIFE SCIENCES INVS SH BE COM 404053100 338 27028 SH SOLE 7504 0 19523
HEALTHY PLANET PRODS INC COM COM 42221N104 39 89300 SH SOLE 12900 0 76400
HELLER FINL INC CL A COM 423328103 4572 164400 SH SOLE 43800 0 120600
HELMERICH & PAYNE INC COM 423452101 489 20700 SH SOLE 4700 0 16000
IEC ELECTRS CORP NEW COM COM 44949L105 1488 417700 SH SOLE 30000 0 387700
INTERNATIONAL CAP EQUIP LTD PA COM 459228201 0 10664 SH SOLE 1800 0 8864
INTERNATIONAL PAPER CO COM COM 460146103 202 4010 SH SOLE 0 0 4010
KANSAS CITY SOUTHERN INDS COM 485170104 638 10000 SH SOLE 0 0 10000
KIMCO RLTY CORP COM COM 49446R109 1444 36322 SH SOLE 0 0 36322
KNIGHTSBRIDGE TANKERS LTD SHS COM G5299G106 1862 106400 SH SOLE 28100 0 78300
LECHTERS CV 5% 9/27/01 CONVERTIBLE BOND XS0033749 329 450000 PRN SOLE 35000 0 415000
LECHTERS INC COM COM 523238103 1895 757800 SH SOLE 100000 0 657800
LIBERTY HOMES INC CL B COM 530582303 545 60600 SH SOLE 1800 0 58800
LIBERTY HOMES INC CL B COM 530582303 90 10000 SH OTHER 0 0 10000
LL & E RTY TR UT BEN INT COM 502003106 18 10000 SH SOLE 0 0 10000
LUFKIN INDS INC COM COM 549764108 3485 174250 SH SOLE 41600 0 132650
LUFKIN INDS INC COM COM 549764108 300 15000 SH OTHER 0 0 15000
MADISON GAS & ELEC CO COM 557497104 1499 73143 SH SOLE 3650 0 69493
MAGAL SECURITY SYS LTD ORD COM M6786D104 106 34000 SH SOLE 0 0 34000
MERCK & CO INC COM 589331107 1880 25534 SH SOLE 6000 0 19534
MERIDIAN INS GROUP INC COM COM 589644103 1471 87795 SH SOLE 19575 0 68220
MGI PROPERTIES COM 552885105 4536 160565 SH SOLE 27500 0 133065
MICROSOFT CORP COM COM 594918104 289 3200 SH SOLE 0 0 3200
MIDDLESEX WTR CO COM 596680108 623 24800 SH SOLE 1300 0 23500
MO OCH DOMSJOE-B SHS FOREIGN COMMON S 614052 405 17400 SH SOLE 5600 0 11800
MOBIL CORP COM 607059102 420 4254 SH SOLE 760 0 3494
MONARCH MACH TOOL CO COM 609150107 152 17300 SH SOLE 2000 0 15300
MUELLER PAUL CO COM 624752101 1215 39037 SH SOLE 2700 0 36337
NASH FINCH CO COM COM 631158102 1970 195183 SH SOLE 53340 0 141843
NATURAL WONDERS INC COM COM 639014109 2094 523400 SH SOLE 47600 0 475800
NOLAND COMPANY COM 655286102 228 11250 SH SOLE 0 0 11250
NUCOR CORP COM 670346105 5260 110887 SH SOLE 21243 0 89644
NUCOR CORP COM 670346105 1352 28504 SH OTHER 0 0 28504
OCEAN FINL CORP COM COM 674904107 3224 177900 SH SOLE 36500 0 141400
OCEAN FINL CORP COM COM 674904107 306 16900 SH OTHER 0 0 16900
OHIO CASUALTY CORP COM 677240103 520 28800 SH SOLE 17800 0 11000
OILGEAR CO COM 678042102 198 23331 SH SOLE 11500 0 11831
OLD GUARD GROUP INC COM COM 679783100 1767 132100 SH SOLE 29277 0 102823
OMI CORP COM COM Y6476W104 91 44000 SH SOLE 0 0 44000
OXFORD INDS INC COM COM 691497309 368 13000 SH SOLE 7500 0 5500
PATTERSON ENERGY INC COM COM 703414102 894 90500 SH SOLE 44500 0 46000
PENNA ENTERPRISES COM 708720107 2233 72766 SH SOLE 13900 0 58866
PEPSICO INC COM 713448108 727 18800 SH SOLE 3600 0 15200
PETCO ANIMAL SUPPLIES INC COM COM 716016100 214 13600 SH SOLE 2500 0 11100
PHOENIX TECHNOLOGIES LTD COM 719153108 1425 79700 SH SOLE 8500 0 71200
PHOENIX TECHNOLOGIES LTD COM 719153108 527 29500 SH OTHER 0 0 29500
PROVIDENT COS INC COM COM 743862104 1144 28600 SH SOLE 0 0 28600
PROVIDENT COS INC COM COM 743862104 712 17800 SH OTHER 0 0 17800
PULASKI SVGS BK COM COM 745600106 111 13500 SH SOLE 0 0 13500
PXRE CORP COM COM 693674103 2580 142325 SH SOLE 29682 0 112643
READ-RITE CORP COM COM 755246105 538 86800 SH SOLE 14300 0 72500
RIDGEVIEW INC COM COM 765905104 205 109200 SH SOLE 7300 0 101900
ROCHE HLDGS BONS DE JOUISSANCE FOREIGN COMMON S XRH692931 586 57 SH SOLE 0 0 57
ROYCE GLOBAL TR INC COM MUTUAL FUNDS 78080N108 174 35251 SH SOLE 0 0 35251
ROYCE OTC MICRO-CAP FD INC COM COM 780915104 189 22393 SH SOLE 9801 0 12592
RUSS BERRIE & CO INC COM 782233100 5814 234900 SH SOLE 56050 0 178850
RUSS BERRIE & CO INC COM 782233100 465 18800 SH OTHER 0 0 18800
RUSS TOGS INC COM 782242200 0 10000 SH SOLE 10000 0 0
SAFECO CORP COM 786429100 865 19613 SH SOLE 4400 0 15213
SELECTIVE INS GROUP INC COM 816300107 292 15332 SH SOLE 4000 0 11332
SGV BANCORP INC COM COM 78422T102 3366 168300 SH SOLE 25900 0 142400
SIGCORP INC COM COM 826912107 743 26260 SH SOLE 3198 0 23062
SPHERE DRAKE CONTIN RT WARRANT AND RIGH 007SPHERE 82 164900 SH SOLE 23500 0 141400
SPHERE DRAKE CONTIN RT WARRANT AND RIGH 007SPHERE 15 30000 SH OTHER 0 0 30000
SPRINGS INDS INC COM COM 851783100 4157 95300 SH SOLE 29600 0 65700
ST JOSEPH LT & PWR CO COM 790654107 644 31400 SH SOLE 3500 0 27900
STATE AUTO FINL CORP COM 855707105 1693 125400 SH SOLE 13000 0 112400
STATE AUTO FINL CORP COM 855707105 486 36000 SH OTHER 0 0 36000
STEPAN CHEMICAL CO COM 858586100 3220 126900 SH SOLE 23600 0 103300
STEPAN CHEMICAL CO COM 858586100 434 17100 SH OTHER 0 0 17100
STRIDE RITE CORP COM COM 863314100 2776 269200 SH SOLE 58500 0 210700
STRIDE RITE CORP COM COM 863314100 217 21000 SH OTHER 0 0 21000
SUNOCO INC COM COM 86764P109 3072 101774 SH SOLE 30855 0 70919
TEEKAY SHIPPING CORP ORD COM V89564104 1315 74600 SH SOLE 17400 0 57200
TEMPLETON EMERGING MKTS INCMCO MUTUAL FUNDS 880192109 1344 123550 SH SOLE 19100 0 104450
TOKIO MARINE & FIRE INS LTD AD FOREIGN COMMON S 889090403 735 13104 SH SOLE 0 0 13104
TOYS R US INC COM COM 892335100 2342 113200 SH SOLE 19000 0 94200
TRENWICK GROUP INC COM COM 895290104 372 15100 SH SOLE 7500 0 7600
TRW INC COM 872649108 209 3800 SH OTHER 0 0 3800
U S CAP GROUP INC COM 911921104 0 19750 SH SOLE 0 0 19750
U S LIME & MINERALS INC COM COM 911922102 876 114930 SH SOLE 0 0 114930
URSTADT BIDDLE PPTYS INC CL A COM 917286205 2593 329250 SH SOLE 68760 0 260490
URSTADT BIDDLE PPTYS INC COM COM 917286106 2711 361450 SH SOLE 80760 0 280690
USLIFE INCOME FD INC COM COM 917324105 413 42900 SH SOLE 2000 0 40900
UTD PARCEL SVC OF AMER COM 911308104 1387 29509 SH SOLE 0 0 29509
VULCAN MATLS CO COM COM 929160109 951 19700 SH SOLE 0 0 19700
WEST PHARMACEUTICAL SVCS INCCO COM 955306105 520 13248 SH SOLE 5390 0 7858
WESTVACO CORP COM 961548104 5359 184800 SH SOLE 36800 0 148000
WESTVACO CORP COM 961548104 226 7800 SH OTHER 0 0 7800
LINE COUNT: 148
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