UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 2003

Check here if amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     Central Securities Corporation
Address:  375 Park Avenue
          New York, New York 10152

13F File Number:  28-6578

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    Marlene A. Krumholz
Title:   Secretary
Phone:   212-688-3011
Signature, Place, and Date of Signing:

/s/ Marlene A. Krumholz      New York, New York     August 8, 2003

Report Type (Check only one.):

[X]     13F HOLDINGS REPORT.

[ ]     13F NOTICE.

[ ]     13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:

None

I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.




                              FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:             0

Form 13F Information Table Entry Total:       41

Form 13F Information Table Value Total:  324,557

List of Other Included Managers:

None




                           FORM 13F INFORMATION TABLE



                                                         VALUE    SHARES/  SH/  PUT/  INVSMT     OTHER            VOTING AUTHORITY
    NAME OF ISSUER         TITLE OF CLASS     CUSIP     (x$1000)  PRN AMT  PRN  CALL  DSCRETN   MANAGERS  SOLE    SHARED      NONE
       COLUMN 1               COLUMN 2       COLUMN 3   COLUMN 4           COLUMN 5   COLUMN 6  COLUMN 7          COLUMN 8
====================================================================================================================================
                                                                                                   
ACCENTURE LTD                  COMMON       G115OG 11 1   5065    280000     SH         SOLE             280000     0         0
AFFYMETRIX, INC.               COMMON       00826T 10 8   1971    100000     SH         SOLE             100000     0         0
AMERICAN INTERNATIONAL
  GROUP, INC.                  COMMON       026874 10 7   5518    100000     SH         SOLE             100000     0         0
AMERICAN  MGMT  SYSTEMS INC.   COMMON       027352 10 3  23182   1620000     SH         SOLE            1620000     0         0
ANALOG DEVICES , INC.          COMMON       032654 10 5  17410    500000     SH         SOLE             500000     0         0
APPLE COMPUTER INC.            COMMON       037833 10 0   1906    100000     SH         SOLE             100000     0         0
ARCH CAPITAL GROUP LTD.        COMMON       G0450A 10 5   3815    110000     SH         SOLE             110000     0         0
ARVINMERITOR, INC.             COMMON       043353 10 1  12915    640000     SH         SOLE             640000     0         0
BANK OF NEW YORK CO., INC.     COMMON       064057 10 2  16100    560000     SH         SOLE             560000     0         0
BRADY CORPORATION              CLASS A      104674 10 6  17342    520000     SH         SOLE             520000     0         0
CAPITAL ONE FINANCIAL CORP.    COMMON       14040H 10 5  21639    440000     SH         SOLE             440000     0         0
CARMAX, INC.                   COMMON       143130 10 2   3015    100000     SH         SOLE             100000     0         0
CINCINNATI BELL INC.           COMMON       171871 10 6   6700   1000000     SH         SOLE            1000000     0         0
CONVERGYS CORPORATION          COMMON       212485 10 6  14080    880000     SH         SOLE             880000     0         0
DOVER CORPORATION              COMMON       260003 10 8   5093    170000     SH         SOLE             170000     0         0
DUKE ENERGY CORP.              COMMON       264399 10 6   2594    130000     SH         SOLE             130000     0         0
ENCANA CORP.                   COMMON       292505 10 4   6139    160000     SH         SOLE             160000     0         0
EVEREST RE GROUP LTD.          COMMON       G3223R 10 8   3825     50000     SH         SOLE              50000     0         0
FLEETBOSTON FINANCIAL CORP.    COMMON       339030 10 8   2971    100000     SH         SOLE             100000     0         0
FLEXTRONICS INT'L. LTD.        COMMON       Y2573F 10 2  13559   1300000     SH         SOLE            1300000     0         0
IMPATH, INC.                   COMMON       45255G 10 1   6914    490000     SH         SOLE             490000     0         0
INGRAM MICRO INC.              CLASS A      457153 10 4   1980    180000     SH         SOLE             180000     0         0
INTEL CORPORATION              COMMON       458140 10 0  21851   1050000     SH         SOLE            1050000     0         0
KERR-MCGEE CORPORATION         COMMON       492386 10 7   9856    220000     SH         SOLE             220000     0         0
LABORATORY CORPORATION OF
  AMERICA HOLDINGS             COMMON       50540R 40 9   3317    110000     SH         SOLE             110000     0         0
MARSH & MCLENNAN
  COMPANIES, INC.              COMMON       571748 10 2   2554     50000     SH         SOLE              50000     0         0
MERCK & CO., INC.              COMMON       589331 10 7   6055    100000     SH         SOLE             100000     0         0
MOTOROLA, INC.                 COMMON       620076 10 9   3112    330000     SH         SOLE             330000     0         0
MURPHY OIL CORPORATION         COMMON       626717 10 2  15780    300000     SH         SOLE             300000     0         0
PEERLESS SYSTEMS CORP.         COMMON       705536 10 0    506    200000     SH         SOLE             200000     0         0
POLYONE CORPORATION            COMMON       73179P 10 6   6107   1372400     SH         SOLE            1372400     0         0
ROHM AND HAAS COMPANY          COMMON       775371 10 7   7758    250000     SH         SOLE             250000     0         0
ROPER INDUSTRIES, INC.         COMMON       776696 10 6   3151     84700     SH         SOLE              84700     0         0
SCHERING-PLOUGH CORP.          COMMON       806605 10 1   7440    400000     SH         SOLE             400000     0         0
SOLECTRON CORPORATION          COMMON       834182 10 7   2992    800000     SH         SOLE             800000     0         0
SUNGARD DATA SYSTEMS INC.      COMMON       867363 10 3  15287    590000     SH         SOLE             590000     0         0
TRANSPORT CORP OF AMERICA      COMMON       89385P 10 2   2962    533757     SH         SOLE             533757     0         0
THE TRIZETTO GROUP, INC.       COMMON       896882 10 7   5391    900000     SH         SOLE             900000     0         0
UNISYS CORPORATION             COMMON       909214 10 8  14122   1150000     SH         SOLE            1150000     0         0
VICAL INCORPORATED             COMMON       925602 10 4    678    150000     SH         SOLE             150000     0         0
WIND RIVER SYSTEMS, INC.       COMMON       973149 10 7   1905    500000     SH         SOLE             500000     0         0