SEC13F4Q99
UNTIED STATES SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 205049
FORM 13F
FORM13F COVER PAGE
REPORT FOR THE QUARTER ENDED DECEMBER 31,1999
INSTITUTIONAL INVESTMENT MANAGER FILING THE REPORT:
GRACE & WHITE, INC.
515 MADISON AVE.
SUITE 1700
NEW YORK, N.Y.10022
13F FILE NUMBER 41999
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 requried items, statements, schedules, lists,
and tables, are considered integral parts of this form.
Person Sigining the Report on Behalf of Reporting Manager:
MARC E. RAVITZ
VICE-PRESIDENT
212-935-5990
S/MARC E. RAVITZ NY, NY 2/2/00
13F HOLDINGS REPORT
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCANGE ACT OF 1934.
GRACE & WHITE, INC.
FORM 13F SUMMARY PAGE
AS OF DATE: 12/31/99
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 157
FORM 13F INFORMATION TABLE VALUE TOTAL: $182,475,000
LIST OF OTHER INCLUDED MANAGERS: NONE
NO. 13F FILE NUMBER NAME 41999
GRACE & WHITE, INC.
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/99
<TABLE> <C> <C> <C>
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 14775 779349 SH SOLE 93450 0 685899
ADVANCED MARKETING SVCS INC COM 00753T105 2648 139650 SH OTHER 0 0 139650
ALICO LAND DEV CO COM 016230104 1097 65500 SH SOLE 16000 0 49500
ALICO LAND DEV CO COM 016230104 226 13500 SH OTHER 0 0 13500
ALLIANT CORP COM COM 018802108 2081 75689 SH SOLE 13391 0 62298
AMERICAN WOODMARK CORP COM COM 030506109 1067 44000 SH SOLE 4900 0 39100
ANDERSEN GROUP COM 033501107 594 120363 SH SOLE 124 0 120239
ANDERSEN GROUP INC CV 10.5% 10 CONVERTIBLE BOND 033501AB3 220 342000 PRN SOLE 99000 0 243000
APPLIED INDL TECHNLGIES INC CO COM 03820C105 446 26800 SH SOLE 9900 0 16900
ARACRUZ CELULOSE ADR SP REP CL COM 038496204 328 12500 SH SOLE 10000 0 2500
ASIA FINANCIAL HOLDINGS HK FOREIGN COMMON S 6057754 223 1250000 SH SOLE 938000 0 312000
ATLANTIC RICHFIELD COMPANY COM 048825103 1156 13360 SH SOLE 0 0 13360
BANYAN STRATEGIC RLTY TR SH BE COM 06683M102 1030 171700 SH SOLE 3000 0 168700
BASSETT FURNITURE INDS INC COM COM 070203104 2605 162800 SH SOLE 43700 0 119100
BEN & JERRYS HOMEMADE INC COM 081465106 721 29000 SH SOLE 10300 0 18700
BERKLEY W R CORP COM COM 084423102 553 26500 SH SOLE 7100 0 19400
BP AMOCO ADS COM 055622104 299 5042 SH SOLE 2350 0 2692
BP AMOCO ADS COM 055622104 2009 33876 SH OTHER 0 0 33876
BRISTOL MYERS SQUIBB CO COM 110122108 223 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 531 30000 SH SOLE 2500 0 27500
CAPITOL FED FINL COM COM 14057C106 100 10300 SH SOLE 0 0 10300
CASTLE A M & CO COM 148411101 880 74868 SH SOLE 15500 0 59368
CATELLUS DEV CORP COM COM 149111106 2421 188927 SH SOLE 33875 0 155052
CATELLUS DEV CORP COM COM 149111106 256 20000 SH OTHER 0 0 20000
CFS BANCORP INC COM COM 12525D102 1652 177400 SH SOLE 35100 0 142300
CMI CORP OKLA CL A COM 125761304 1900 269000 SH SOLE 50000 0 219000
COLONIAL INTERMKT INCOME TR CO COM 195762109 256 31500 SH SOLE 3000 0 28500
CROSS A T CO CL A COM 227478104 1015 225600 SH SOLE 40500 0 185100
CROWN CRAFTS INC COM COM 228309100 1118 388900 SH SOLE 77700 0 311200
CYBEX INTL INC COM COM 23252E106 1541 587100 SH SOLE 65900 0 521200
CYBEX INTL INC COM COM 23252E106 105 40000 SH OTHER 0 0 40000
DAWSON GEOPHYSICAL CO COM COM 239359102 731 83000 SH SOLE 10500 0 72500
DESIGNS INC COM 25057L102 1873 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 326 49700 SH SOLE 12000 0 37700
EMC INS GROUP INC COM 268664109 2811 308066 SH SOLE 48900 0 259166
EVEREST REINS HLDGS INC COM COM 299808105 692 31000 SH SOLE 14200 0 16800
EXXON MOBIL CORPORATION COM 30231G102 764 9484 SH SOLE 1003 0 8480
EXXON MOBIL CORPORATION COM 30231G102 518 6432 SH OTHER 0 0 6432
FAB INDS INC COM COM 302747100 1312 121300 SH SOLE 46500 0 74800
FARM FAMILY HLDGS INC COM COM 307901108 423 10000 SH SOLE 2400 0 7600
FINANCIAL FED CORP COM COM 317492106 277 12134 SH SOLE 0 0 12134
FLEETBOSTON FINANCIAL CORPORAT COM 339030108 879 25240 SH SOLE 0 0 25240
FLEMING COS INC COM 339130106 755 73612 SH SOLE 21544 0 52068
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 1702 55800 SH SOLE 12730 0 43070
FORT DEARBORN INC SECS COM 347200107 289 23603 SH SOLE 0 0 23603
FOSTER WHEELER CORP COM 350244109 288 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 260 77167 SH SOLE 21465 0 55702
GENERAL ELEC CO COM 369604103 2105 13600 SH SOLE 0 0 13600
GENERAL ELEC CO COM 369604103 229 1480 SH OTHER 0 0 1480
GENSIS WORLDWIDE INC. COM 609150107 54 16800 SH SOLE 2000 0 14800
GETTY PETE MARKETING INC COM COM 374292100 180 73900 SH SOLE 0 0 73900
GLATFELTER P H CO COM COM 377316104 147 10080 SH SOLE 0 0 10080
GLEASON CORP COM 377339106 3555 152900 SH SOLE 24400 0 128500
GLEASON CORP COM 377339106 302 13000 SH OTHER 0 0 13000
GLOBAL-TECH APPLIANCES INC ORD COM G39320109 76 11000 SH SOLE 0 0 11000
GORMAN RUPP CO COM 383082104 3660 209150 SH SOLE 62409 0 146741
GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 3152 900500 SH SOLE 227300 0 673200
GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 249 71000 SH OTHER 0 0 71000
H & Q LIFE SCIENCES INVS SH BE COM 404053100 586 29294 SH SOLE 8900 0 20394
HEALTHY PLANET PRODS INC COM COM 42221N104 56 89300 SH SOLE 12900 0 76400
HELLER FINL INC CL A COM 423328103 4137 206200 SH SOLE 51400 0 154800
HELMERICH & PAYNE INC COM 423452101 452 20800 SH SOLE 4700 0 16100
HUGOTON RTY TR TEX UNIT BEN IN COM 444717102 1596 196400 SH SOLE 31000 0 165400
IEC ELECTRS CORP NEW COM COM 44949L105 1303 548700 SH SOLE 81500 0 467200
INTERNATIONAL CAP EQUIP LTD PA COM 459228201 0 10664 SH SOLE 1800 0 8864
INTERNATIONAL PAPER CO COM COM 460146103 226 4010 SH SOLE 0 0 4010
KANSAS CITY SOUTHERN INDS COM 485170104 746 10000 SH SOLE 0 0 10000
KIMCO RLTY CORP COM COM 49446R109 1979 58422 SH SOLE 2000 0 56422
KNIGHTSBRIDGE TANKERS LTD SHS COM G5299G106 1431 106000 SH SOLE 28100 0 77900
LASALLE RE HLDGS LTD ORD COM G5383Q101 1140 69100 SH SOLE 14700 0 54400
LECHTERS CV 5% 9/27/01 CONVERTIBLE BOND XS0033749 329 450000 PRN SOLE 35000 0 415000
LECHTERS INC COM COM 523238103 1511 863300 SH SOLE 121000 0 742300
LEXINGTON GLB ASSET MGRS INCCO COM 528932106 24 10000 SH SOLE 0 0 10000
LIBERTY HOMES INC CL B COM 530582303 481 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 3283 218850 SH SOLE 59800 0 159050
LUFKIN INDS INC COM COM 549764108 225 15000 SH OTHER 0 0 15000
MADISON GAS & ELEC CO COM 557497104 1472 73143 SH SOLE 3650 0 69493
MAGAL SECURITY SYS LTD ORD COM M6786D104 143 40000 SH SOLE 0 0 40000
MERCK & CO INC COM 589331107 1716 25534 SH SOLE 6000 0 19534
MERIDIAN INS GROUP INC COM COM 589644103 1370 96575 SH SOLE 21533 0 75042
MGI PROPERTIES COM 552885105 620 118133 SH SOLE 26500 0 91633
MICROSOFT CORP COM COM 594918104 374 3200 SH SOLE 0 0 3200
MIIX GROUP INC COM COM 59862V104 591 40400 SH SOLE 3000 0 37400
MO OCH DOMSJOE-B SHS FOREIGN COMMON S 614052 625 17400 SH SOLE 5600 0 11800
MUELLER PAUL CO COM 624752101 1127 39037 SH SOLE 2700 0 36337
NASH FINCH CO COM COM 631158102 1657 259917 SH SOLE 84940 0 174977
NATURAL WONDERS INC COM COM 639014109 859 639606 SH SOLE 87206 0 552400
NOLAND COMPANY COM 655286102 201 11250 SH SOLE 0 0 11250
NUCOR CORP COM 670346105 6025 109915 SH SOLE 20643 0 89272
NUCOR CORP COM 670346105 1014 18504 SH OTHER 0 0 18504
OCEANFIRST FINL CORP COM COM 675234108 2512 145100 SH SOLE 34000 0 111100
OCEANFIRST FINL CORP COM COM 675234108 293 16900 SH OTHER 0 0 16900
OHIO CASUALTY CORP COM 677240103 2133 132800 SH SOLE 39900 0 92900
OILGEAR CO COM 678042102 160 23331 SH SOLE 11500 0 11831
OLD GUARD GROUP INC COM COM 679783100 593 53900 SH SOLE 8500 0 45400
OMI CORP COM COM Y6476W104 91 44000 SH SOLE 0 0 44000
OREGON TRAIL FINL CORP COM COM 685932105 171 16976 SH SOLE 13000 0 3976
OXFORD INDS INC COM COM 691497309 1347 68000 SH SOLE 19300 0 48700
PATTERSON ENERGY INC COM COM 703414102 1177 90500 SH SOLE 44500 0 46000
PEPSICO INC COM 713448108 663 18800 SH SOLE 3600 0 15200
PHOENIX TECHNOLOGIES LTD COM 719153108 1221 77200 SH SOLE 8500 0 68700
PHOENIX TECHNOLOGIES LTD COM 719153108 466 29500 SH OTHER 0 0 29500
PROCTER & GAMBLE COMPANY COM 742718109 224 2040 SH SOLE 0 0 2040
PULASKI BANCORP INC COM 745600106 169 20500 SH SOLE 7000 0 13500
PULASKI BANCORP INC COM COM 745357103 107 13000 SH SOLE 5500 0 7500
PXRE GROUP LTD COM COM G73018106 2543 195617 SH SOLE 10117 0 185500
READ-RITE CORP COM COM 755246105 88 18500 SH SOLE 0 0 18500
REGIONS FINL CORP COM COM 758940100 449 17855 SH SOLE 0 0 17855
RIDGEVIEW INC COM COM 765905104 177 109200 SH SOLE 7300 0 101900
RIDGEWOOD FINL INC COM COM 76623N106 239 43400 SH SOLE 9900 0 33500
ROCHE HLDGS BONS DE JOUISSANCE FOREIGN COMMON S XRH692931 668 57 SH SOLE 0 0 57
ROYCE GLOBAL TR INC COM MUTUAL FUNDS 78080N108 166 35251 SH SOLE 0 0 35251
ROYCE OTC MICRO-CAP FD INC COM COM 780915104 202 22393 SH SOLE 9801 0 12592
RUSS BERRIE & CO INC COM 782233100 6128 233429 SH SOLE 56879 0 176550
RUSS BERRIE & CO INC COM 782233100 494 18800 SH OTHER 0 0 18800
RUSS TOGS INC COM 782242200 0 10000 SH SOLE 10000 0 0
SAFECO CORP COM 786429100 478 19213 SH SOLE 4400 0 14813
SELECTIVE INS GROUP INC COM 816300107 264 15332 SH SOLE 4000 0 11332
SGV BANCORP INC COM COM 78422T102 3779 172735 SH SOLE 25900 0 146835
SIGCORP INC COM COM 826912107 1294 56860 SH SOLE 9498 0 47362
SOUTHERN UN CO NEW COM COM 844030106 1155 60366 SH SOLE 6360 0 54006
SPHERE DRAKE CONTIN RT WARRANT AND RIGH 007SPHERE 10 164900 SH SOLE 23500 0 141400
SPHERE DRAKE CONTIN RT WARRANT AND RIGH 007SPHERE 2 30000 SH OTHER 0 0 30000
SPRINGS INDS INC COM COM 851783100 3982 99700 SH SOLE 31100 0 68600
ST JOSEPH LT & PWR CO COM 790654107 644 31400 SH SOLE 3500 0 27900
STATE AUTO FINL CORP COM 855707105 1172 128400 SH SOLE 17500 0 110900
STATE AUTO FINL CORP COM 855707105 329 36000 SH OTHER 0 0 36000
STEPAN CHEMICAL CO COM 858586100 2880 123200 SH SOLE 23600 0 99600
STEPAN CHEMICAL CO COM 858586100 400 17100 SH OTHER 0 0 17100
STRIDE RITE CORP COM COM 863314100 3186 490200 SH SOLE 144900 0 345300
STRIDE RITE CORP COM COM 863314100 202 31000 SH OTHER 0 0 31000
SUNOCO INC COM COM 86764P109 2272 96691 SH SOLE 30855 0 65836
TEEKAY SHIPPING CORP ORD COM V89564104 1297 81400 SH SOLE 17400 0 64000
TEMPLETON EMERGING MKTS INCMCO MUTUAL FUNDS 880192109 1132 121550 SH SOLE 19100 0 102450
TOKIO MARINE & FIRE INS LTD AD FOREIGN COMMON S 889090403 775 13104 SH SOLE 0 0 13104
TOYS R US INC COM COM 892335100 2379 166200 SH SOLE 26800 0 139400
TRENWICK GROUP INC COM COM 895290104 2375 140226 SH SOLE 30489 0 109738
U S CAP GROUP INC COM 911921104 0 19750 SH SOLE 0 0 19750
U S LIME & MINERALS INC COM COM 911922102 805 114930 SH SOLE 0 0 114930
UNUMPROVIDENT CORP COM 91529Y106 669 20878 SH SOLE 0 0 20878
UNUMPROVIDENT CORP COM 91529Y106 417 12994 SH OTHER 0 0 12994
URSTADT BIDDLE PPTYS INC CL A COM 917286205 2502 325450 SH SOLE 68760 0 256690
URSTADT BIDDLE PPTYS INC COM COM 917286106 2634 360150 SH SOLE 83260 0 276890
USA TRUCK INC COM COM 902925106 865 109800 SH SOLE 5000 0 104800
USLIFE INCOME FD INC COM COM 917324105 268 33800 SH SOLE 2000 0 31800
UTD PARCEL SVC OF AMER COM 911308104 4072 29509 SH SOLE 0 0 29509
VULCAN MATLS CO COM COM 929160109 727 18200 SH SOLE 0 0 18200
WEST PHARMACEUTICAL SVCS INCCO COM 955306105 408 13191 SH SOLE 5390 0 7801
WESTVACO CORP COM 961548104 5416 166000 SH SOLE 31600 0 134400
WESTVACO CORP COM 961548104 254 7800 SH OTHER 0 0 7800
LINE COUNT 157
</TABLE>
