UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
MESABI TRUST
Units of Beneficial Interests in Mesabi Trust
590672101
December 31, 2008
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
X Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
NOTE:The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act.
Persons who respond to the collection of information contained in this form
are not required to respond unless the form displays a currently valid OMB
control number.
CUSIP No. 590672101
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons.
Donald W. Hodges
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of Organization
United States
5. Sole Voting Power: 0
6. Shared Voting Power: 386,000
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 725,150
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 725,150
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9): 5.53%
12. Type of Reporting Person: HC
CUSIP No. 590672101
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons.
First Dallas Holdings, Inc. -- 75-2278916
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of Organization
Texas
5. Sole Voting Power: 0
6. Shared Voting Power: 386,000
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 725,150
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 725,150
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9): 5.53%
12. Type of Reporting Person (See Instructions): HC
CUSIP No. 590672101
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons.
First Dallas Securities, Inc. -- 75-2278917
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of Organization
Texas
5. Sole Voting Power: 0
6. Shared Voting Power: 0
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 119,119
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 119,119
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9): 0.91%
12. Type of Reporting Person (See Instructions): BD/IA
CUSIP No. 590672101
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons.
Hodges Capital Management, Inc. -- 75-2278918
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of Organization
Texas
5. Sole Voting Power: 0
6. Shared Voting Power: 375,000
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 595,031
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 595,031
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9): 4.54%
12. Type of Reporting Person (See Instructions): IA
CUSIP No. 590672101
1.Names of Reporting Persons.
I.R.S. Identification Nos. of above persons.
Hodges Fund -- 06-1347023
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of Organization
Texas
5. Sole Voting Power: 0
6. Shared Voting Power: 375,000
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 375,000
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 375,000
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9): 2.86%
12. Type of Reporting Person (See Instructions): IC
CUSIP No. 590672101
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons
Hodges Small Cap Fund - 261420876
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of Organization
Texas
5. Sole Voting Power: 0
6. Shared Voting Power: 0
7. Sole Dispositive Power: 0
8. Shared Dispositive Power: 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person: 0
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row 9: 0.0%
12. Type of Reporting Person : IC
Item 1.
(a) Name of Issuer:
Mesabi Trust
(b) Address of Issuer's Principal Executive Offices:
c/o Deutsche Bank Trust Company Americas
Trust & Securities services - GDS
60 Wall Street, 27th Floor
New York, NY 10005
Item 2.
(a) Name of Person Filing:
Donald W. Hodges
First Dallas Holdings, Inc.
First Dallas Securities, Inc.
Hodges Capital Management, Inc.
Hodges Fund
Hodges Small Cap Fund
(b) Address of Principal Business Office or, if none, Residence:
2905 Maple Ave.
Dallas, Texas 75201
(b) Citizenship:
Donald W. Hodges is a citizen of the United States.
First Dallas Holdings, Inc. is a Texas corporation.
First Dallas Securities, Inc. is a Texas corporation.
Hodges Capital Management is a Texas corporation.
Hodges Fund is a Massachusetts business trust.
Hodges Small Cap Fund is a Massachusetts business trust.
(d) Title of Class of Securities:
Units of Beneficial Interests in Mesabi Trust
(e) CUSIP Number:
590672101
Item 3. If this statement is filed pursuant to SS240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
(a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) An investment adviser in accordance with S 240.13d-1(b)(1)(ii)(E).
(f) An employee benefit plan or endowment fund in accordance with
S 240.13d-1(b)(1)(ii)(F).
(g) X A parent holding company or control person in accordance with
S 240.13d-1(b)(1)(ii)(G).
(h) A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) A church plan that is excluded from the definition of an investment
company under section
3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) Group, in accordance with S 240. 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Donald W. Hodges 725,150
First Dallas Holdings, Inc. 725,150
First Dallas Securities, Inc. 119,119
Hodges Capital Management, Inc. 595,031
Hodges Fund 375,000
Hodges Small Cap Fund 0
(b) Percent of class:
Donald W. Hodges 5.53%
First Dallas Holdings, Inc. 5.53%
First Dallas Securities, Inc. 0.91%
Hodges Capital Management, Inc. 4.54%
Hodges Fund 2.86%
Hodges Small Cap Fund 0.0%
The calculation of the percentage of beneficial ownership
of the Company's common stock is based upon 13,130,010 shares
outstanding on October 31, 2008, as disclosed by the Company in
its Quarterly Report on Form 10-Q for the quarter ended October 31, 2008.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Donald W. Hodges 0
First Dallas Holdings, Inc 0
First Dallas Securities, Inc. 0
Hodges Capital Management, Inc. 0
Hodges Fund 0
Hodges Small Cap Fund 0
(ii) Shared power to vote or to direct the vote:
Donald W. Hodges 386,000
First Dallas Holdings, Inc. 386,000
First Dallas Securities, Inc. 0
Hodges Capital Management, Inc. 375,000
Hodges Fund 375,000
Hodges Small Cap 0
(iii) Sole power to dispose or to direct the disposition of:
Donald W. Hodges 0
First Dallas Holdings, Inc. 0
First Dallas Securities, Inc. 0
Hodges Capital Management, Inc. 0
Hodges Fund 0
Hodges Small Cap Fund 0
(iv) Shared power to dispose or to direct the disposition of:
Donald W. Hodges 725,150
First Dallas Holdings, Inc. 725,150
First Dallas Securities, Inc. 119,119
Hodges Capital Management, Inc. 595,031
Hodges Fund 375,000
Hodges Small Cap Fund 0
Instruction. For computations regarding securities which represent a right to
acquire an underlying security see S240.13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Other individuals have the right to receive the dividends from, and the
proceeds from the sale of, all reported securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Donald W. Hodges ("Control Person") is the sole owner of First Dallas
Holdings, Inc., the parent holding company of First Dallas Securities, Inc.,
Hodges Capital Management, Inc., Hodges Fund and Hodges Small Cap Fund.
All entities and their Item 3 classification are attached hereto as Exhibit A.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 13, 2009
Donald W. Hodges
Chairman
Exhibit A
List of Subsidiaries
1 First Dallas Securities, Inc. is a broker or dealer registered under
section 15 of the Act (15 U.S.C. 78o) and an investment adviser in accordance
with S240.13d-1(b)(1)(ii)(E).
2 Hodges Capital Management, Inc. is an investment adviser in accordance
with S240.13d-1(b)(1)(ii)(E).
3 Hodges Fund is an investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
4. Hodges Small Cap Fund is an investment company registered under section
8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).