The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co. Common Stock 88579Y101 659 6,026 SH   SOLE   6,026 0 0
Accenture PLC - Cl.A Common Stock G1151C101 405 5,625 SH   SOLE   5,625 0 0
Alexanders, Inc. Common Stock 014752109 1,479 5,036 SH   SOLE   5,036 0 0
Alleghany Corp. Common Stock 017175100 10,840 28,280 SH   SOLE   28,280 0 0
American Express Common Stock 025816109 10,723 143,430 SH   SOLE   143,430 0 0
American Intl Grp Common Stock 026874784 12,964 290,025 SH   SOLE   290,025 0 0
Apache Corp. Common Stock 037411105 11,750 140,170 SH   SOLE   140,170 0 0
Apple Inc. Common Stock 037833100 11,436 28,840 SH   SOLE   28,840 0 0
Authentidate Holding Corp. Common Stock 052666203 17 20,000 SH   SOLE   20,000 0 0
Automatic Data Processing Common Stock 053015103 251 3,650 SH   SOLE   3,650 0 0
Bed, Bath & Beyond, Inc. Common Stock 075896100 12,119 170,815 SH   SOLE   170,815 0 0
Berkshire Hathaway Cl. B Common Stock 084670702 14,261 127,417 SH   SOLE   127,417 0 0
Biogen Idec Inc. Common Stock 09062X103 232 1,080 SH   SOLE   1,080 0 0
Boeing Co. Common Stock 097023105 12,793 124,885 SH   SOLE   124,885 0 0
Broadcast International Inc. Common Stock 11131M100 2 21,640 SH   SOLE   21,640 0 0
Calpine Corporation Common Stock 131347304 10,013 471,625 SH   SOLE   471,625 0 0
Caterpillar Common Stock 149123101 313 3,800 SH   SOLE   3,800 0 0
Chevron Corp. Common Stock 166764100 634 5,355 SH   SOLE   5,355 0 0
Cisco Systems Inc. Common Stock 17275R102 13,103 538,447 SH   SOLE   538,447 0 0
Coach, Inc. Common Stock 189754104 10,930 191,445 SH   SOLE   191,445 0 0
Coca-Cola Common Stock 191216100 9,970 248,570 SH   SOLE   248,570 0 0
Comcast Corporation Class A Common Stock 20030N101 10,812 258,973 SH   SOLE   258,973 0 0
Disney, Walt & Co. Common Stock 254687106 379 6,001 SH   SOLE   6,001 0 0
Emerson Electric Common Stock 291011104 524 9,600 SH   SOLE   9,600 0 0
Exxon Mobil Corp. Common Stock 30231G102 13,661 151,204 SH   SOLE   151,204 0 0
FEDEX Corporation Common Stock 31428X106 11,757 119,265 SH   SOLE   119,265 0 0
Foot Locker Common Stock 344849104 7,770 221,185 SH   SOLE   221,185 0 0
Ford Motor Common Stock 345370860 167 10,800 SH   SOLE   10,800 0 0
Freeport McMoran Copper & Gold Common Stock 35671D857 207 7,500 SH   SOLE   7,500 0 0
General Electric Common Stock 369604103 694 29,910 SH   SOLE   29,910 0 0
General Motors Common Stock 37045V100 15,796 474,200 SH   SOLE   474,200 0 0
Goldman Sachs Group Common Stock 38141G104 10,035 66,350 SH   SOLE   66,350 0 0
HCP Inc. Common Stock 40414L109 318 7,000 SH   SOLE   7,000 0 0
Honeywell Intl Common Stock 438516106 250 3,150 SH   SOLE   3,150 0 0
Humana Corp. Common Stock 444859102 11,737 139,095 SH   SOLE   139,095 0 0
IBM Common Stock 459200101 1,681 8,796 SH   SOLE   8,796 0 0
IR BioSciences Holdings, Inc. Common Stock 46264M303 1 71,468 SH   SOLE   71,468 0 0
JPMorgan Chase & Co. Common Stock 46625H100 9,397 178,006 SH   SOLE   178,006 0 0
Johnson & Johnson Common Stock 478160104 12,179 141,844 SH   SOLE   141,844 0 0
Kennametal Inc. Common Stock 489170100 11,398 293,525 SH   SOLE   293,525 0 0
Kinder Morgan Energy Partners Common Stock 494550106 555 6,500 SH   SOLE   6,500 0 0
Lockheed-Martin Common Stock 539830109 9,265 85,419 SH   SOLE   85,419 0 0
McDonalds Corp. Common Stock 580135101 704 7,110 SH   SOLE   7,110 0 0
Merck Common Stock 58933Y105 323 6,955 SH   SOLE   6,955 0 0
Microsoft Corp Common Stock 594918104 12,066 349,295 SH   SOLE   349,295 0 0
Noble Energy, Inc. Common Stock 655044105 1,114 18,560 SH   SOLE   18,560 0 0
Nuverra Environmental Solution Common Stock 67091K104 58 20,000 SH   SOLE   20,000 0 0
Oracle Corp. Common Stock 68389X105 668 21,750 SH   SOLE   21,750 0 0
Pfizer Inc. Common Stock 717081103 376 13,418 SH   SOLE   13,418 0 0
Proctor & Gamble Common Stock 742718109 604 7,850 SH   SOLE   7,850 0 0
QEP Resources Inc. Common Stock 74733V100 8,662 311,790 SH   SOLE   311,790 0 0
Royal Dutch Shell PLC-AD Common Stock 780259206 484 7,581 SH   SOLE   7,581 0 0
Sanofi-Aventis-ADR Common Stock 80105N105 13,587 263,775 SH   SOLE   263,775 0 0
Sirius Satellite Radio Inc. Common Stock 82967N108 59 17,620 SH   SOLE   17,620 0 0
Southwestern Energy Co. Common Stock 845467109 10,516 287,865 SH   SOLE   287,865 0 0
Suncor Energy Common Stock 867224107 248 8,400 SH   SOLE   8,400 0 0
TRW Automotive Holdings Corp. Common Stock 87264S106 12,190 183,480 SH   SOLE   183,480 0 0
Tesco plc ADR Common Stock 881575302 9,506 623,315 SH   SOLE   623,315 0 0
Ultra Petroleum Corp. Common Stock 903914109 9,846 496,770 SH   SOLE   496,770 0 0
Unilever ADR Common Stock 904767704 9,204 227,530 SH   SOLE   227,530 0 0
Unilever NV Common Stock 904784709 2,194 55,820 SH   SOLE   55,820 0 0
Unit Corporation Common Stock 909218109 8,667 203,550 SH   SOLE   203,550 0 0
UnitedHealth Group Inc. Common Stock 91324P102 12,028 183,690 SH   SOLE   183,690 0 0
Verizon Communications Common Stock 92343V104 466 9,251 SH   SOLE   9,251 0 0
Vornado REIT Common Stock 929042109 943 11,383 SH   SOLE   11,383 0 0
W.P. Carey Inc. Common Stock 92930Y107 404 6,103 SH   SOLE   6,103 0 0
Wal Mart Stores Inc. Common Stock 931142103 10,639 142,820 SH   SOLE   142,820 0 0
Western Union Common Stock 959802109 10,468 611,798 SH   SOLE   611,798 0 0
Ishares Russell 2000 Index share 464287655 567 5,850 SH   SOLE   5,850 0 0
Midcap SPDR Trust Ser 1 - S&P Index share 78467Y107 665 3,167 SH   SOLE   3,167 0 0
SPDR S&P 500 ETF Trust Ser. 1 Index share 78462F103 589 3,669 SH   SOLE   3,669 0 0
Vanguard Small-Cap Growth ETF Index share 922908595 376 3,650 SH   SOLE   3,650 0 0
Vanguard Total Stock Market ET Index share 922908769 835 10,097 SH   SOLE   10,097 0 0
iShares Core S&P Mid-Cap ETF Index share 464287507 264 2,290 SH   SOLE   2,290 0 0
Vanguard FTSE Developed Market Index share 921943858 387 10,861 SH   SOLE   10,861 0 0
iShares MSCI EAFE Index share 464287465 500 8,725 SH   SOLE   8,725 0 0
Ishares MSCI Emerging Markets Index share 464287234 351 9,111 SH   SOLE   9,111 0 0
Vanguard FTSE Emerging Markets Index share 922042858 608 15,670 SH   SOLE   15,670 0 0
Granite Value Fund Funds 92046L783 7,069 552,252 SH   SOLE   552,252 0 0
American Europacific Growth R3 Funds 298706854 1,516 36,804 SH   SOLE   36,804 0 0
Invesco Senior Income Trust Funds 46131H107 224 41,300 SH   SOLE   41,300 0 0
Western Asset High Income Fund Funds 95766J102 129 14,000 SH   SOLE   14,000 0 0
Western Asset Managed High Inc Funds 95766L107 169 28,900 SH   SOLE   28,900 0 0
IShares Barclays 1-3 Year Cred Index share 464288646 2,129 20,275 SH   SOLE   20,275 0 0
IShares Barclays US TIPS Index share 464287176 6,310 56,335 SH   SOLE   56,335 0 0
IShares Intermediate Credit Index share 464288638 625 5,800 SH   SOLE   5,800 0 0
IShares iBoxx Investment Grade Index share 464287242 278 2,450 SH   SOLE   2,450 0 0
PowerShares Emerg Mkts Soverei Index share 73936T573 218 8,000 SH   SOLE   8,000 0 0
Vanguard Short-Term Corp. Bond Index share 92206C409 253 3,200 SH   SOLE   3,200 0 0
iShares Barclays 0-5 Year TIPS Index share 46429B747 201 2,000 SH   SOLE   2,000 0 0