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      <InvestmentsCorporateStockGrp>
        <StockNm>CATERPILLAR 3000 SH</StockNm>
        <EOYBookValueAmt>209107</EOYBookValueAmt>
        <EOYFMVAmt>887010</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CENTRUS ENERGY CORP 4 SH</StockNm>
        <EOYBookValueAmt>7308</EOYBookValueAmt>
        <EOYFMVAmt>218</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHEMOURS 400 SH</StockNm>
        <EOYBookValueAmt>2922</EOYBookValueAmt>
        <EOYFMVAmt>12616</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CISCO 2000 SH</StockNm>
        <EOYBookValueAmt>90065</EOYBookValueAmt>
        <EOYFMVAmt>101040</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP 5000 SH</StockNm>
        <EOYBookValueAmt>266562</EOYBookValueAmt>
        <EOYFMVAmt>257200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMCAST 6150 SH</StockNm>
        <EOYBookValueAmt>69122</EOYBookValueAmt>
        <EOYFMVAmt>269678</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CORTEVA 2333 SH</StockNm>
        <EOYBookValueAmt>51680</EOYBookValueAmt>
        <EOYFMVAmt>111797</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CVS HEALTH 7000 SH</StockNm>
        <EOYBookValueAmt>468022</EOYBookValueAmt>
        <EOYFMVAmt>552720</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOW INC 2333 SH</StockNm>
        <EOYBookValueAmt>93343</EOYBookValueAmt>
        <EOYFMVAmt>127942</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUPONT 2333 SH</StockNm>
        <EOYBookValueAmt>142455</EOYBookValueAmt>
        <EOYFMVAmt>179478</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUINOR ASA 2000 SH</StockNm>
        <EOYBookValueAmt>59820</EOYBookValueAmt>
        <EOYFMVAmt>63280</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EXXON MOBIL 5000 SH</StockNm>
        <EOYBookValueAmt>711702</EOYBookValueAmt>
        <EOYFMVAmt>499900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FORD 10000 SH</StockNm>
        <EOYBookValueAmt>101036</EOYBookValueAmt>
        <EOYFMVAmt>121900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FREEPORT-MCMRAN 1000 SH</StockNm>
        <EOYBookValueAmt>37643</EOYBookValueAmt>
        <EOYFMVAmt>42570</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GARRETT MOTION 130 SH</StockNm>
        <EOYBookValueAmt>617</EOYBookValueAmt>
        <EOYFMVAmt>1257</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GE HEALTHCARE TECH 416 SH</StockNm>
        <EOYBookValueAmt>55981</EOYBookValueAmt>
        <EOYFMVAmt>32165</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL ELECTRIC 1250 SH</StockNm>
        <EOYBookValueAmt>187482</EOYBookValueAmt>
        <EOYFMVAmt>159538</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MILLS 3000 SH</StockNm>
        <EOYBookValueAmt>115775</EOYBookValueAmt>
        <EOYFMVAmt>195420</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOODYEAR TIRE RUBBER 9000 SH</StockNm>
        <EOYBookValueAmt>129066</EOYBookValueAmt>
        <EOYFMVAmt>128880</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GSK 2400 SH</StockNm>
        <EOYBookValueAmt>97842</EOYBookValueAmt>
        <EOYFMVAmt>88944</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HALEON PLC 3000 SH</StockNm>
        <EOYBookValueAmt>22469</EOYBookValueAmt>
        <EOYFMVAmt>24690</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOME DEPOT 3000 SH</StockNm>
        <EOYBookValueAmt>75585</EOYBookValueAmt>
        <EOYFMVAmt>1039650</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HONEYWELL 1300 SH</StockNm>
        <EOYBookValueAmt>56222</EOYBookValueAmt>
        <EOYFMVAmt>272623</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTEL 4000 SH</StockNm>
        <EOYBookValueAmt>178791</EOYBookValueAmt>
        <EOYFMVAmt>201000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL PAPER 2000 SH</StockNm>
        <EOYBookValueAmt>38783</EOYBookValueAmt>
        <EOYFMVAmt>72300</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON 5000 SH</StockNm>
        <EOYBookValueAmt>596310</EOYBookValueAmt>
        <EOYFMVAmt>783700</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN CHASE 5000 SH</StockNm>
        <EOYBookValueAmt>37563</EOYBookValueAmt>
        <EOYFMVAmt>850500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KRAFT 2000 SH</StockNm>
        <EOYBookValueAmt>128344</EOYBookValueAmt>
        <EOYFMVAmt>73960</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOWE'S COMPANIES INC 2000 SH</StockNm>
        <EOYBookValueAmt>50371</EOYBookValueAmt>
        <EOYFMVAmt>445100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MACYS INC 2000 SH</StockNm>
        <EOYBookValueAmt>33285</EOYBookValueAmt>
        <EOYFMVAmt>40240</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCK 6035 SH</StockNm>
        <EOYBookValueAmt>241541</EOYBookValueAmt>
        <EOYFMVAmt>657936</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 2000 SH</StockNm>
        <EOYBookValueAmt>96311</EOYBookValueAmt>
        <EOYFMVAmt>186500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOTOROLA SOLUTIONS 285 SH</StockNm>
        <EOYBookValueAmt>19163</EOYBookValueAmt>
        <EOYFMVAmt>89230</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NORDSTROM INC 2000 SH</StockNm>
        <EOYBookValueAmt>52305</EOYBookValueAmt>
        <EOYFMVAmt>36900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OCCIDENTAL 750 WTS</StockNm>
        <EOYFMVAmt>29197</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OCCIDENTAL PETE 6000 SH</StockNm>
        <EOYBookValueAmt>396514</EOYBookValueAmt>
        <EOYFMVAmt>358260</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORGANON 603 SH</StockNm>
        <EOYBookValueAmt>11930</EOYBookValueAmt>
        <EOYFMVAmt>8695</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER 2000 SH</StockNm>
        <EOYBookValueAmt>63204</EOYBookValueAmt>
        <EOYFMVAmt>57580</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROCTER &amp; GAMBLE 1000 SH</StockNm>
        <EOYBookValueAmt>70470</EOYBookValueAmt>
        <EOYFMVAmt>146540</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RAYTHEON 74.7136 SH</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RAYTHEON 83.2864 SH</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RESIDEO TECHNOLOGIES 216 SH</StockNm>
        <EOYBookValueAmt>1687</EOYBookValueAmt>
        <EOYFMVAmt>4065</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RTX CORP 158 SH</StockNm>
        <EOYBookValueAmt>3152</EOYBookValueAmt>
        <EOYFMVAmt>13294</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHLUMBERGER 10000 SH</StockNm>
        <EOYBookValueAmt>491226</EOYBookValueAmt>
        <EOYFMVAmt>520400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYLVAMO 181 SH</StockNm>
        <EOYBookValueAmt>2169</EOYBookValueAmt>
        <EOYFMVAmt>8889</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TRANSOCEAN 284 SH</StockNm>
        <EOYBookValueAmt>42330</EOYBookValueAmt>
        <EOYFMVAmt>1803</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON 6046 SH</StockNm>
        <EOYBookValueAmt>265673</EOYBookValueAmt>
        <EOYFMVAmt>227934</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VITARIS 2248 SH</StockNm>
        <EOYBookValueAmt>34994</EOYBookValueAmt>
        <EOYFMVAmt>24346</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VODAFONE 95 SH</StockNm>
        <EOYFMVAmt>826</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WABTEC 53 SH</StockNm>
        <EOYBookValueAmt>4079</EOYBookValueAmt>
        <EOYFMVAmt>6726</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALGREENS BOOTS 5000 SH</StockNm>
        <EOYBookValueAmt>269367</EOYBookValueAmt>
        <EOYFMVAmt>130550</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALMART 1000 SH</StockNm>
        <EOYBookValueAmt>114685</EOYBookValueAmt>
        <EOYFMVAmt>157650</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WARNER BROS DISCOVERY 483 SH</StockNm>
        <EOYBookValueAmt>12631</EOYBookValueAmt>
        <EOYFMVAmt>5496</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WASTE MANAGEMENT 91 SH</StockNm>
        <EOYFMVAmt>16298</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO 6135 SH</StockNm>
        <EOYBookValueAmt>290460</EOYBookValueAmt>
        <EOYFMVAmt>301965</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WEYERHAEUSER 7000 SH</StockNm>
        <EOYBookValueAmt>153252</EOYBookValueAmt>
        <EOYFMVAmt>243390</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc7">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ADAMS EXPRESS 4412 SH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>45691</BookValueAmt>
        <EOYFMVAmt>78137</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TRI CONTL CORP 2170 SH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>24136</BookValueAmt>
        <EOYFMVAmt>62561</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="RetDoc8">
      <OtherAssetsScheduleGrp>
        <Desc>UNREALIZED APPRECIATION</Desc>
        <BOYBookValueAmt>4347088</BOYBookValueAmt>
        <EOYBookValueAmt>4001681</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc9">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES &amp; INVESTMENT EXPENS</Desc>
        <RevenueAndExpensesPerBooksAmt>255</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>255</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>67</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>67</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc10">
      <TaxesDetail>
        <CategoryTxt>IRS -</CategoryTxt>
        <Amt>12634</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES WITHHELD</CategoryTxt>
        <Amt>1800</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
