FORM 13F INFORMATION TABLE
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AEP Industries Inc. COM 001031103 35500 1000000 SH SOLE 1000000
AGCO Corporation COM 001084102 6337 325000 SH SOLE 325000
AOL Time Warner COM 00184A105 7355 500000 SH SOLE 500000
ASA Ltd. COM 002050102 11038 360000 SH SOLE 360000
AT&T Corporation COM 001957109 5350 500000 SH SOLE 500000
AT&T Wireless Services COM 00209A106 2925 500000 SH SOLE 500000
Advanced Micro Devices, Inc. COM 007903107 11664 1200000 SH SOLE 1200000
Airborne Inc. COM 009269101 9600 500000 SH SOLE 500000
Alberto Culver Co. CL-A COM 013068200 7906 175000 SH SOLE 175000
Alcoa Inc. COM 013817101 4144 125000 SH SOLE 125000
Alleghany Corporation COM 017175100 4694 24576 SH SOLE 24576
Anglogold Limited Sponsored AD COM 035128206 37694 1445312 SH SOLE 1445312
Apache Corporation COM 037411105 26441 460000 SH SOLE 460000
Archer-Daniels-Midland COM 039483102 6395 500000 SH SOLE 500000
Barrick Gold Corp COM 067901108 13630 717750 SH SOLE 717750
Berkshire Hathaway Inc. Cl B COM 084670207 44680 20000 SH SOLE 20000
Boeing Company COM 097023105 15750 350000 SH SOLE 350000
Bowne & Company COM 103043105 14445 980000 SH SOLE 980000
Bristol-Myers Squibb COM 110122108 28270 1100000 SH SOLE 1100000
Brookstone Inc. COM 114537103 1597 90000 SH SOLE 90000
Burlington Northern Santa Fe COM 12189t104 7500 250000 SH SOLE 250000
Carpenter Technology COM 144285103 13140 456100 SH SOLE 456100
Cleveland-Cliffs Inc. COM 185896107 8280 300000 SH SOLE 300000
Coca-Cola Company COM 191216100 7000 125000 SH SOLE 125000
Coeur D Alene Mines Corp. COM 192108108 440 260181 SH SOLE 260181
ConAgra Inc. COM 205887102 19355 700000 SH SOLE 700000
Conoco Inc. Cl A COM 208251504 31970 1150000 SH SOLE 1150000
Corn Products International In COM 219023108 7780 250000 SH SOLE 250000
Corning Incorporated COM 219350105 2236 630000 SH SOLE 630000
Cott Corporation COM 22163n106 5697 300000 SH SOLE 300000
Cummins Engine COM 231021106 1400 42300 SH SOLE 42300
Dow Jones & Company, Inc. COM 260561105 7267 150000 SH SOLE 150000
Du Pont (E. I.) de Nemours COM 263534109 21090 475000 SH SOLE 475000
Eastman Kodak Corp. COM 277461109 5834 200000 SH SOLE 200000
Esg Re Limited COM g31215109 676 255000 SH SOLE 255000
Exxon Mobil Corporation COM 30231G102 6138 150000 SH SOLE 150000
Fairfax Financial Holdings, Lt COM 303901102 3997 40000 SH SOLE 40000
Ferro Corporation COM 315405100 1507 50000 SH SOLE 50000
GEHL Company COM 368483103 937 65300 SH SOLE 65300
Gannett Company COM 364730101 39847 525000 SH SOLE 525000
General Motors Corp. Cl H COM 370442832 4160 400000 SH SOLE 400000
Germany Fund COM 374143105 2070 300000 SH SOLE 300000
Gold Field Limited New, ADR COM 38059t106 6451 575000 SH SOLE 575000
Grainger, W.W. Inc. COM 384802104 15030 300000 SH SOLE 300000
Grupo TMM-SP ADR A COM 40051D105 25290 3665159 SH SOLE 3665159
Grupo TMM-SP ADR L COM 40051D204 28700 4153356 SH SOLE 4153356
Halliburton COM 406216101 1992 125000 SH SOLE 125000
Hecla Mining Co. COM 422704106 2055 438100 SH SOLE 438100
Hecla Mining Preferred Conv. COM 422704205 918 28500 SH SOLE 28500
Helmerich & Payne Inc. COM 423452101 14288 400000 SH SOLE 400000
Hubbell Inc. Cl B COM 443510201 21344 625000 SH SOLE 625000
IMC Global, Inc. COM 449669100 17000 1360000 SH SOLE 1360000
Intermet COM 45881K104 430 40000 SH SOLE 40000
Interpublic Group of COS Inc COM 460690100 7428 300000 SH SOLE 300000
Kellogg Company COM 487836108 7172 200000 SH SOLE 200000
Kerr McGee Corp. COM 492386107 26507 495000 SH SOLE 495000
Kinross Gold Corp. COM 496902107 414 181618 SH SOLE 181618
LSI Logic Corp COM 502161102 4375 500000 SH SOLE 500000
La-Z-Boy Inc. COM 505336107 4484 177800 SH SOLE 177800
Lancaster Colony Corp COM 513847103 3566 100000 SH SOLE 100000
Leucadia National Corp COM 527288104 6332 200000 SH SOLE 200000
Loew's Corporation COM 540424108 33119 625000 SH SOLE 625000
Longview Fibre Company COM 543213102 3532 375000 SH SOLE 375000
Louisiana-Pacific Corporation COM 546347105 12708 1200000 SH SOLE 1200000
Marathon Oil Corp COM 565849106 25764 950000 SH SOLE 950000
Markel Corporation COM 570535104 14775 75000 SH SOLE 75000
Mattel Inc. COM 577081102 6746 320000 SH SOLE 320000
McDonald's Corporation COM 580135101 9957 350000 SH SOLE 350000
Merck & Co. COM 589331107 37980 750000 SH SOLE 750000
Meridian Gold Inc. COM 589975101 3611 225000 SH SOLE 225000
Mesabi Trust COM 590672101 850 200000 SH SOLE 200000
Newmont Mining Corp. COM 651639106 39176 1487869 SH SOLE 1487869
Old Republic International COM 680223104 11025 350000 SH SOLE 350000
Park Place Entertainment COM 700690100 12838 1252500 SH SOLE 1252500
Phelps Dodge COM 717265102 8240 200000 SH SOLE 200000
Phillip Morris Cos. COM 718154107 41496 950000 SH SOLE 950000
Phillips Petroleum Co. COM 718507106 19725 335000 SH SOLE 335000
Placer Dome, Inc. COM 725906101 17375 1550000 SH SOLE 1550000
Pope & Talbot COM 732827100 7492 400000 SH SOLE 400000
Potlatch Corp COM 737628107 6804 200000 SH SOLE 200000
Procter & Gamble COM 742718109 3572 40000 SH SOLE 40000
RPM Inc. (Ohio) COM 749685103 3050 200000 SH SOLE 200000
Railamerica Inc. COM 750753105 23838 2203162 SH SOLE 2203162
Roadway Express Inc. COM 769742107 898 25000 SH SOLE 25000
Royal Gold Inc. COM 780287108 6830 500000 SH SOLE 500000
Ruddick Corporation COM 781258108 4155 245000 SH SOLE 245000
San Juan Basin Rty Trust Unit COM 798241105 1107 100000 SH SOLE 100000
Saul Centers Inc. COM 804395101 5180 200000 SH SOLE 200000
Schering-Plough Corp COM 806605101 27675 1125000 SH SOLE 1125000
Sherwin-Williams Co. COM 824348106 19454 650000 SH SOLE 650000
Tenneco Automotive Inc. COM 880349105 6534 990000 SH SOLE 990000
The Walt Disney Company COM 254687106 12285 650000 SH SOLE 650000
Thomas & Betts Corp. COM 884315102 7254 390000 SH SOLE 390000
Timken Company COM 887389104 12840 575000 SH SOLE 575000
Transocean Sedco Forex Inc. COM G90078109 6230 200000 SH SOLE 200000
Triarc Companies Inc. COM 895927101 22080 800000 SH SOLE 800000
Tyco International LTD COM 902124106 4053 300000 SH SOLE 300000
Tyson Foods Inc-Cl A COM 902494103 18612 1200000 SH SOLE 1200000
UST Inc. COM 902911106 5100 150000 SH SOLE 150000
Union Pacific Corp COM 907818108 8226 130000 SH SOLE 130000
United States Steel Corp COM 912909108 9024 453700 SH SOLE 453700
Volvo AB ADR COM 928856400 2037 100000 SH SOLE 100000
Washington Post - Cl B COM 939640108 11990 22000 SH SOLE 22000
Weyerhaeuser Co. COM 962166104 7981 125000 SH SOLE 125000
White Mountains Insurance Grou COM G9618E107 6963 22000 SH SOLE 22000