UNITED STATES
SECURITIES AND EXCHANCE COMMISSION
Washington D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE QUARTER ENDED SEPTEMBER 30,1999
INSTITUTIONAL INVESTMENT MANANGER FILING THIS REPORT:
GRACE & WHITE, INC.
515 MADISON AVE.
SUITE 1700
NEW YORK,N.Y. 10022
13F FILE NUMBER 31999
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:
MARC E. RAVITZ
VICE-PRESIDENT
212-935-5990
s/MARC E. RAVITZ NY, NY 11/8/99
13F HOLDINGS REPORT
I AM SIGNING THIS REPORT AS REQURIED BY THE SECURITIES
EXCHANGE ACT OF 1934.
GRACE & WHITE, INC.
FORM 13F SUMMARY PAGE
AS OF DATE: 09/30/99
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 145
FORM 13F INFORMATION TABLE VALUE TOTAL: $161,997
LIST OF OTHER INCLUDED MANAGERS:NONE
NO. 13F FILE NUMBER 13F3RD99
<TABLE> <C> <C> <C>
GRACE & WHITE, INC.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
ADVANCED MARKETING SVCS INC COM 00753T105 10600 536717 SH SOLE 62300 0 474417
ADVANCED MARKETING SVCS INC COM 00753T105 1839 93100 SH OTHER 0 0 93100
ALICO LAND DEV CO COM 016230104 892 60500 SH SOLE 11000 0 49500
ALICO LAND DEV CO COM 016230104 199 13500 SH OTHER 0 0 13500
ALLIANT CORP COM COM 018802108 2035 73489 SH SOLE 12491 0 60998
ANDERSEN GROUP COM 033501107 692 120363 SH SOLE 124 0 120239
ANDERSEN GROUP INC CV 10.5% 10 CONVERTIBLE BOND 033501AB3 257 371000 PRN SOLE 108000 0 263000
ARACRUZ CELULOSE ADR SP REP CL COM 038496204 261 12500 SH SOLE 10000 0 2500
ASIA FINANCIAL HOLDINGS HK FOREIGN COMMON S 6057754 230 1250000 SH SOLE 938000 0 312000
ATLANTIC RICHFIELD COMPANY COM 048825103 1184 13360 SH SOLE 0 0 13360
BANYAN STRATEGIC RLTY TR SH BE COM 06683M102 932 179700 SH SOLE 3000 0 176700
BASSETT FURNITURE INDS INC COM COM 070203104 3046 160300 SH SOLE 42700 0 117600
BP AMOCO ADS COM 055622104 301 5434 SH SOLE 2350 0 3084
BP AMOCO ADS COM 055622104 1877 33876 SH OTHER 0 0 33876
BRISTOL MYERS SQUIBB CO COM 110122108 235 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 366 30000 SH SOLE 2500 0 27500
CAPITOL FED FINL COM COM 14057C106 103 10300 SH SOLE 0 0 10300
CASTLE A M & CO COM 148411101 555 43968 SH SOLE 10000 0 33968
CATELLUS DEV CORP COM COM 149111106 2220 188927 SH SOLE 33875 0 155052
CATELLUS DEV CORP COM COM 149111106 235 20000 SH OTHER 0 0 20000
CFS BANCORP INC COM COM 12525D102 1835 175800 SH SOLE 33500 0 142300
CHARTWELL RE CORP COM COM 16139W109 2882 199651 SH SOLE 32370 0 167281
CMI CORP OKLA CL A COM 125761304 1442 206000 SH SOLE 30000 0 176000
CROSS A T CO CL A COM 227478104 1086 259400 SH SOLE 55800 0 203600
CROSS A T CO CL A COM 227478104 91 21800 SH OTHER 0 0 21800
CROWN CRAFTS INC COM COM 228309100 1022 340600 SH SOLE 41000 0 299600
CYBEX INTL INC COM COM 23252E106 1809 516800 SH SOLE 57900 0 458900
CYBEX INTL INC COM COM 23252E106 140 40000 SH OTHER 0 0 40000
DAWSON GEOPHYSICAL CO COM COM 239359102 839 85000 SH SOLE 10500 0 74500
DESIGNS INC COM 25057L102 2191 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 422 49700 SH SOLE 12000 0 37700
EDPERBRASCAN CORP LTD VTG SHS COM 280905803 186 13054 SH SOLE 0 0 13054
EMC INS GROUP INC COM 268664109 2835 294566 SH SOLE 47200 0 247366
EXXON CORP COM 302290101 391 5140 SH SOLE 0 0 5140
EXXON CORP COM 302290101 489 6432 SH OTHER 0 0 6432
FAB INDS INC COM COM 302747100 683 52300 SH SOLE 29800 0 22500
FARM FAMILY HLDGS INC COM COM 307901108 395 10000 SH SOLE 2400 0 7600
FLEMING COS INC COM 339130106 728 74229 SH SOLE 21544 0 52685
FOREST CITY ENTERPRISES CLASS COM 345550107 1191 53400 SH SOLE 2230 0 51170
FOREST CITY ENTERPRISES CLASS COM 345550107 301 13500 SH OTHER 0 0 13500
FOREST CITY ENTERPRISES CLASS COM 345550305 1409 55800 SH SOLE 12730 0 43070
FORT DEARBORN INC SECS COM 347200107 327 23603 SH SOLE 0 0 23603
FOSTER WHEELER CORP COM 350244109 392 32485 SH SOLE 365 0 32120
FRESENIUS MEDICAL CARE PFD D PREFERRED STOCKS 358030203 0 11188 SH SOLE 0 0 11188
FRIEDMAN INDS INC COM 358435105 230 66767 SH SOLE 21465 0 45302
GENERAL ELEC CO COM 369604103 1612 13600 SH SOLE 0 0 13600
GETTY PETE MARKETING INC COM COM 374292100 203 73900 SH SOLE 0 0 73900
GLATFELTER P H CO COM COM 377316104 166 10080 SH SOLE 0 0 10080
GLEASON CORP COM 377339106 2644 155500 SH SOLE 24400 0 13110
GLEASON CORP COM 377339106 221 13000 SH OTHER 0 0 13000
GLOBAL-TECH APPLIANCES INC ORD COM G39320109 50 11000 SH SOLE 0 0 11000
GORMAN RUPP CO COM 383082104 3268 210850 SH SOLE 62409 0 148441
GUARANTEE LIFE COS INC COM COM 400740106 709 23200 SH SOLE 0 0 23200
GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 2687 895500 SH SOLE 227300 0 668200
GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 213 71000 SH OTHER 0 0 71000
H & Q LIFE SCIENCES INVS SH BE COM 404053100 382 27028 SH SOLE 7504 0 19523
HEALTHY PLANET PRODS INC COM COM 42221N104 45 89300 SH SOLE 12900 0 76400
HELLER FINL INC CL A COM 423328103 4392 195200 SH SOLE 48500 0 146700
HELMERICH & PAYNE INC COM 423452101 524 20700 SH SOLE 4700 0 16000
HUGOTON RTY TR TEX UNIT BEN IN COM 444717102 1722 167000 SH SOLE 31000 0 136000
IEC ELECTRS CORP NEW COM COM 44949L105 1447 551200 SH SOLE 91500 0 459700
INTERNATIONAL CAP EQUIP LTD PA COM 459228201 0 10664 SH SOLE 1800 0 8864
KANSAS CITY SOUTHERN INDS COM 485170104 465 10000 SH SOLE 0 0 10000
KIMCO RLTY CORP COM COM 49446R109 1299 36322 SH SOLE 0 0 36322
KNIGHTSBRIDGE TANKERS LTD SHS COM G5299G106 1702 106400 SH SOLE 28100 0 78300
LECHTERS CV 5% 9/27/01 CONVERTIBLE BOND XS0033749 333 450000 PRN SOLE 35000 0 415000
LECHTERS INC COM COM 523238103 1468 757800 SH SOLE 100000 0 657800
LIBERTY HOMES INC CL B COM 530582303 477 60600 SH SOLE 1800 0 58800
LIBERTY HOMES INC CL B COM 530582303 79 10000 SH OTHER 0 0 10000
LL & E RTY TR UT BEN INT COM 502003106 14 10000 SH SOLE 0 0 10000
LUFKIN INDS INC COM COM 549764108 2935 192450 SH SOLE 52800 0 139650
LUFKIN INDS INC COM COM 549764108 229 15000 SH OTHER 0 0 15000
MADISON GAS & ELEC CO COM 557497104 1454 73143 SH SOLE 3650 0 69493
MAGAL SECURITY SYS LTD ORD COM M6786D104 131 40000 SH SOLE 0 0 40000
MERCK & CO INC COM 589331107 1655 25534 SH SOLE 6000 0 19534
MERIDIAN INS GROUP INC COM COM 589644103 1449 87795 SH SOLE 19575 0 68220
MGI PROPERTIES COM 552885105 1445 160565 SH SOLE 27500 0 133065
MICROSOFT CORP COM COM 594918104 290 3200 SH SOLE 0 0 3200
MO OCH DOMSJOE-B SHS FOREIGN COMMON S 614052 519 17400 SH SOLE 5600 0 11800
MOBIL CORP COM 607059102 419 4154 SH SOLE 760 0 3394
MONARCH MACH TOOL CO COM 609150107 87 16800 SH SOLE 2000 0 14800
MUELLER PAUL CO COM 624752101 1249 39037 SH SOLE 2700 0 36337
NASH FINCH CO COM COM 631158102 1395 199283 SH SOLE 53340 0 145943
NATURAL WONDERS INC COM COM 639014109 1425 670400 SH SOLE 101600 0 568800
NOLAND COMPANY COM 655286102 214 11250 SH SOLE 0 0 11250
NUCOR CORP COM 670346105 5254 110315 SH SOLE 20643 0 89672
NUCOR CORP COM 670346105 881 18504 SH OTHER 0 0 18504
OCEANFIRST FINL CORP COM COM 675234108 2733 166900 SH SOLE 36500 0 130400
OCEANFIRST FINL CORP COM COM 675234108 277 16900 SH OTHER 0 0 16900
OHIO CASUALTY CORP COM 677240103 1532 90800 SH SOLE 27800 0 63000
OILGEAR CO COM 678042102 163 23331 SH SOLE 11500 0 11831
OLD GUARD GROUP INC COM COM 679783100 1486 132100 SH SOLE 29277 0 102823
OMI CORP COM COM Y6476W104 113 44000 SH SOLE 0 0 44000
OXFORD INDS INC COM COM 691497309 1251 58000 SH SOLE 19300 0 38700
PATTERSON ENERGY INC COM COM 703414102 1374 90500 SH SOLE 44500 0 46000
PENNA ENTERPRISES COM 708720107 2367 72970 SH SOLE 14104 0 58866
PEPSICO INC COM 713448108 573 18800 SH SOLE 3600 0 15200
PHOENIX TECHNOLOGIES LTD COM 719153108 864 77200 SH SOLE 8500 0 68700
PHOENIX TECHNOLOGIES LTD COM 719153108 330 29500 SH OTHER 0 0 29500
PULASKI SVGS BK COM COM 745600106 154 20500 SH SOLE 7000 0 13500
PXRE CORP COM COM 693674103 2087 143325 SH SOLE 29682 0 113643
READ-RITE CORP COM COM 755246105 385 86800 SH SOLE 14300 0 72500
RIDGEVIEW INC COM COM 765905104 290 109200 SH SOLE 7300 0 101900
RIDGEWOOD FINL INC COM COM 76623N106 245 38400 SH SOLE 9900 0 28500
ROCHE HLDGS BONS DE JOUISSANCE FOREIGN COMMON S XRH692931 635 57 SH SOLE 0 0 57
ROYCE GLOBAL TR INC COM MUTUAL FUNDS 78080N108 172 35251 SH SOLE 0 0 35251
ROYCE OTC MICRO-CAP FD INC COM COM 780915104 190 22393 SH SOLE 9801 0 12592
RUSS BERRIE & CO INC COM 782233100 4927 235329 SH SOLE 56479 0 178850
RUSS BERRIE & CO INC COM 782233100 394 18800 SH OTHER 0 0 18800
RUSS TOGS INC COM 782242200 0 10000 SH SOLE 10000 0 0
SAFECO CORP COM 786429100 549 19613 SH SOLE 4400 0 15213
SELECTIVE INS GROUP INC COM 816300107 289 15332 SH SOLE 4000 0 11332
SGV BANCORP INC COM COM 78422T102 3748 173300 SH SOLE 25900 0 147400
SIGCORP INC COM COM 826912107 861 33760 SH SOLE 3898 0 29862
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 3234 95300 SH SOLE 29600 0 65700
ST JOSEPH LT & PWR CO COM 790654107 648 31400 SH SOLE 3500 0 27900
STATE AUTO FINL CORP COM 855707105 1285 125400 SH SOLE 13000 0 112400
STATE AUTO FINL CORP COM 855707105 369 36000 SH OTHER 0 0 36000
STEPAN CHEMICAL CO COM 858586100 2871 126900 SH SOLE 23600 0 103300
STEPAN CHEMICAL CO COM 858586100 387 17100 SH OTHER 0 0 17100
STRIDE RITE CORP COM COM 863314100 2947 421000 SH SOLE 125900 0 295100
STRIDE RITE CORP COM COM 863314100 147 21000 SH OTHER 0 0 21000
SUNOCO INC COM COM 86764P109 2721 99386 SH SOLE 30855 0 68531
TEEKAY SHIPPING CORP ORD COM V89564104 1166 74600 SH SOLE 17400 0 57200
TEMPLETON EMERGING MKTS INCMCO MUTUAL FUNDS 880192109 1228 123550 SH SOLE 19100 0 104450
TOKIO MARINE & FIRE INS LTD AD FOREIGN COMMON S 889090403 753 13104 SH SOLE 0 0 13104
TOYS R US INC COM COM 892335100 2411 160700 SH SOLE 24500 0 136200
TRENWICK GROUP INC COM COM 895290104 500 30200 SH SOLE 19700 0 10500
U S CAP GROUP INC COM 911921104 0 19750 SH SOLE 0 0 19750
U S LIME & MINERALS INC COM COM 911922102 690 114930 SH SOLE 0 0 114930
UNUMPROVIDENT CORP COM 91529Y106 615 20878 SH SOLE 0 0 20878
UNUMPROVIDENT CORP COM 91529Y106 383 12994 SH OTHER 0 0 12994
URSTADT BIDDLE PPTYS INC CL A COM 917286205 2490 329250 SH SOLE 68760 0 260490
URSTADT BIDDLE PPTYS INC COM COM 917286106 2457 363950 SH SOLE 83260 0 280690
USA TRUCK INC COM COM 902925106 89 10000 SH SOLE 2500 0 7500
USLIFE INCOME FD INC COM COM 917324105 397 42900 SH SOLE 2000 0 40900
UTD PARCEL SVC OF AMER COM 911308104 1505 29509 SH SOLE 0 0 29509
VULCAN MATLS CO COM COM 929160109 667 18200 SH SOLE 0 0 18200
WEST PHARMACEUTICAL SVCS INCCO COM 955306105 503 13248 SH SOLE 5390 0 7858
WESTVACO CORP COM 961548104 4720 184200 SH SOLE 36800 0 147400
WESTVACO CORP COM 961548104 200 7800 SH OTHER 0 0 7800
LINE COUNT: 145
</TABLE>
