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 720 6,026 SH   SOLE   6,026 0 0
Accenture PLC - Cl.A Common Stock G1151C101 337 4,575 SH   SOLE   4,575 0 0
Alexanders, Inc. Common Stock 014752109 1,441 5,036 SH   SOLE   5,036 0 0
Alleghany Corp. Common Stock 017175100 11,497 28,065 SH   SOLE   28,065 0 0
American Express Common Stock 025816109 10,515 139,230 SH   SOLE   139,230 0 0
American Intl Grp Common Stock 026874784 13,619 280,055 SH   SOLE   280,055 0 0
Apache Corp. Common Stock 037411105 11,765 138,188 SH   SOLE   138,188 0 0
Apple Inc. Common Stock 037833100 13,621 28,570 SH   SOLE   28,570 0 0
Automatic Data Processing Common Stock 053015103 250 3,450 SH   SOLE   3,450 0 0
Bed, Bath & Beyond, Inc. Common Stock 075896100 12,843 166,020 SH   SOLE   166,020 0 0
Berkshire Hathaway Cl. B Common Stock 084670702 13,982 123,180 SH   SOLE   123,180 0 0
Biogen Idec Inc. Common Stock 09062X103 397 1,650 SH   SOLE   1,650 0 0
Boeing Co. Common Stock 097023105 14,167 120,570 SH   SOLE   120,570 0 0
Broadcast International Inc. Common Stock 11131M100 1 21,640 SH   SOLE   21,640 0 0
Calpine Corporation Common Stock 131347304 9,071 466,875 SH   SOLE   466,875 0 0
Caterpillar Common Stock 149123101 484 5,800 SH   SOLE   5,800 0 0
Chevron Corp. Common Stock 166764100 626 5,155 SH   SOLE   5,155 0 0
Cisco Systems Inc. Common Stock 17275R102 12,121 517,312 SH   SOLE   517,312 0 0
Coach, Inc. Common Stock 189754104 10,058 184,445 SH   SOLE   184,445 0 0
Coca-Cola Common Stock 191216100 9,293 245,340 SH   SOLE   245,340 0 0
Comcast Corporation Class A Common Stock 20030N101 11,502 254,958 SH   SOLE   254,958 0 0
Disney, Walt & Co. Common Stock 254687106 393 6,100 SH   SOLE   6,100 0 0
E.I. DuPont Common Stock 263534109 219 3,742 SH   SOLE   3,742 0 0
Emerson Electric Common Stock 291011104 569 8,800 SH   SOLE   8,800 0 0
Exxon Mobil Corp. Common Stock 30231G102 13,034 151,485 SH   SOLE   151,485 0 0
FEDEX Corporation Common Stock 31428X106 13,185 115,545 SH   SOLE   115,545 0 0
Foot Locker Common Stock 344849104 8,205 241,740 SH   SOLE   241,740 0 0
Ford Motor Common Stock 345370860 182 10,800 SH   SOLE   10,800 0 0
Franklin Resources, Inc. Common Stock 354613101 12,030 237,985 SH   SOLE   237,985 0 0
Freeport McMoran Copper & Gold Common Stock 35671D857 265 8,000 SH   SOLE   8,000 0 0
General Electric Common Stock 369604103 852 35,660 SH   SOLE   35,660 0 0
General Motors Common Stock 37045V100 16,467 457,800 SH   SOLE   457,800 0 0
Goldman Sachs Group Common Stock 38141G104 10,134 64,055 SH   SOLE   64,055 0 0
HCP Inc. Common Stock 40414L109 287 7,000 SH   SOLE   7,000 0 0
Honeywell Intl Common Stock 438516106 262 3,150 SH   SOLE   3,150 0 0
Humana Corp. Common Stock 444859102 12,640 135,437 SH   SOLE   135,437 0 0
IBM Common Stock 459200101 1,591 8,594 SH   SOLE   8,594 0 0
IR BioSciences Holdings, Inc. Common Stock 46264M303 0 71,468 SH   SOLE   71,468 0 0
JPMorgan Chase & Co. Common Stock 46625H100 1,035 20,032 SH   SOLE   20,032 0 0
Johnson & Johnson Common Stock 478160104 11,909 137,377 SH   SOLE   137,377 0 0
Kennametal Inc. Common Stock 489170100 12,994 284,955 SH   SOLE   284,955 0 0
Kinder Morgan Energy Partners Common Stock 494550106 519 6,500 SH   SOLE   6,500 0 0
Lockheed-Martin Common Stock 539830109 6,894 54,047 SH   SOLE   54,047 0 0
McDonalds Corp. Common Stock 580135101 667 6,935 SH   SOLE   6,935 0 0
Merck Common Stock 58933Y105 340 7,138 SH   SOLE   7,138 0 0
Microsoft Corp Common Stock 594918104 11,251 338,085 SH   SOLE   338,085 0 0
News Corp. Ltd. Class A Common Stock 65249B109 7,249 451,339 SH   SOLE   451,339 0 0
Noble Energy, Inc. Common Stock 655044105 1,133 16,910 SH   SOLE   16,910 0 0
Nuverra Environmental Solution Common Stock 67091K104 34 15,000 SH   SOLE   15,000 0 0
Oracle Corp. Common Stock 68389X105 711 21,450 SH   SOLE   21,450 0 0
Pfizer Inc. Common Stock 717081103 385 13,418 SH   SOLE   13,418 0 0
Proctor & Gamble Common Stock 742718109 593 7,850 SH   SOLE   7,850 0 0
Royal Dutch Shell PLC-AD Common Stock 780259206 477 7,256 SH   SOLE   7,256 0 0
Sanofi-Aventis-ADR Common Stock 80105N105 12,863 254,056 SH   SOLE   254,056 0 0
Sirius Satellite Radio Inc. Common Stock 82967N108 68 17,620 SH   SOLE   17,620 0 0
Southwestern Energy Co. Common Stock 845467109 10,397 285,800 SH   SOLE   285,800 0 0
Suncor Energy Common Stock 867224107 301 8,400 SH   SOLE   8,400 0 0
TRW Automotive Holdings Corp. Common Stock 87264S106 12,450 174,585 SH   SOLE   174,585 0 0
Tesco plc ADR Common Stock 881575302 10,837 617,160 SH   SOLE   617,160 0 0
Ultra Petroleum Corp. Common Stock 903914109 9,900 481,265 SH   SOLE   481,265 0 0
Unilever ADR Common Stock 904767704 8,561 221,910 SH   SOLE   221,910 0 0
Unilever NV Common Stock 904784709 2,067 54,810 SH   SOLE   54,810 0 0
Unit Corporation Common Stock 909218109 9,287 199,760 SH   SOLE   199,760 0 0
UnitedHealth Group Inc. Common Stock 91324P102 12,729 177,750 SH   SOLE   177,750 0 0
Verizon Communications Common Stock 92343V104 437 9,353 SH   SOLE   9,353 0 0
Vornado REIT Common Stock 929042109 883 10,500 SH   SOLE   10,500 0 0
W.P. Carey Inc. Common Stock 92936U109 395 6,103 SH   SOLE   6,103 0 0
Wal Mart Stores Inc. Common Stock 931142103 10,276 138,935 SH   SOLE   138,935 0 0
Western Union Common Stock 959802109 11,038 591,553 SH   SOLE   591,553 0 0
Ishares Russell 2000 Index share 464287655 624 5,850 SH   SOLE   5,850 0 0
Midcap SPDR Trust Ser 1 - S&P Index share 78467Y107 756 3,342 SH   SOLE   3,342 0 0
SPDR S&P 500 ETF Trust Ser. 1 Index share 78462F103 584 3,477 SH   SOLE   3,477 0 0
Vanguard Small-Cap Growth ETF Index share 922908595 435 3,800 SH   SOLE   3,800 0 0
Vanguard Total Stock Market ET Index share 922908769 885 10,097 SH   SOLE   10,097 0 0
iShares Core S&P Mid-Cap ETF Index share 464287507 284 2,290 SH   SOLE   2,290 0 0
Vanguard FTSE Developed Market Index share 921943858 430 10,861 SH   SOLE   10,861 0 0
iShares MSCI EAFE Index share 464287465 709 11,110 SH   SOLE   11,110 0 0
Ishares MSCI Emerging Markets Index share 464287234 267 6,550 SH   SOLE   6,550 0 0
Vanguard FTSE Emerging Markets Index share 922042858 363 9,050 SH   SOLE   9,050 0 0
Granite Value Fund Funds 92046L783 6,100 455,241 SH   SOLE   455,241 0 0
American Europacific Growth R3 Funds 298706854 1,658 36,804 SH   SOLE   36,804 0 0
Invesco Senior Income Trust Funds 46131H107 217 41,300 SH   SOLE   41,300 0 0
Western Asset High Income Fund Funds 95766J102 132 14,000 SH   SOLE   14,000 0 0
Western Asset Managed High Inc Funds 95766L107 164 28,900 SH   SOLE   28,900 0 0
IShares Barclays 1-3 Year Cred Index share 464288646 2,140 20,325 SH   SOLE   20,325 0 0
IShares Barclays US TIPS Index share 464287176 4,764 42,319 SH   SOLE   42,319 0 0
IShares Intermediate Credit Index share 464288638 459 4,250 SH   SOLE   4,250 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 219 8,000 SH   SOLE   8,000 0 0
Vanguard Short-Term Corp. Bond Index share 92206C409 255 3,200 SH   SOLE   3,200 0 0
iShares Barclays 0-5 Year TIPS Index share 46429B747 202 2,000 SH   SOLE   2,000 0 0
iShares Floating Rate Bond Index share 46429B655 4,648 91,717 SH   SOLE   91,717 0 0