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
Estimated average burden
hours per response: 23.8
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
STARBUCKS CORP COM 855244109 5,267 98,069 SH   SOLE   98,069 0 0
PRAXAIR INC. COM 74005P104 5,088 36,417 SH   SOLE   36,417 0 0
EXXON MOBIL CORP COM 30231G102 5,032 61,382 SH   SOLE   61,382 0 0
GRAINGER WW INC COM 384802104 4,411 24,541 SH   SOLE   24,541 0 0
HERSHEY FOODS CORP COM 427866108 4,347 39,824 SH   SOLE   39,824 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 4,194 29,351 SH   SOLE   29,351 0 0
PEPSICO INCORPORATED COM 713448108 4,113 36,912 SH   SOLE   36,912 0 0
JOHNSON & JOHNSON COM 478160104 4,105 31,578 SH   SOLE   31,578 0 0
MASTERCARD INC COM 57636Q104 4,092 28,981 SH   SOLE   28,981 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 4,007 26,502 SH   SOLE   26,502 0 0
AUTO DATA PROCESSING COM 053015103 3,558 32,549 SH   SOLE   32,549 0 0
TEXAS INSTRUMENTS INC COM 882508104 3,527 39,351 SH   SOLE   39,351 0 0
CHEVRONTEXACO CORP COM 166764100 3,308 28,160 SH   SOLE   28,160 0 0
ABBVIEOM COM 00287Y109 3,265 36,745 SH   SOLE   36,745 0 0
EMERSON ELECTRIC COM 291011104 3,262 51,925 SH   SOLE   51,925 0 0
AGILENT TECHNOLOGIES COM 00846U101 3,216 50,101 SH   SOLE   50,101 0 0
SYSCO COM 871829107 3,129 58,006 SH   SOLE   58,006 0 0
ADVANSIXOM COM 00773T101 3,069 77,226 SH   SOLE   77,226 0 0
MIDDLEBY CORP THE COM 596278101 2,999 23,400 SH   SOLE   23,400 0 0
WESTROCK CO COM COM 96145D105 2,915 51,388 SH   SOLE   51,388 0 0
TRACTOR SUPPLY COMPANY COM 892356106 2,880 45,515 SH   SOLE   45,515 0 0
KIMBERLY-CLARK CORP COM 494368103 2,771 23,552 SH   SOLE   23,552 0 0
BROADRIDGE FINANCIAL COM 11133T103 2,671 33,050 SH   SOLE   33,050 0 0
BROWN FORMAN CORP CL B COM 115637209 2,596 47,810 SH   SOLE   47,810 0 0
VERSUM MATLSOM COM 92532W103 2,512 64,715 SH   SOLE   64,715 0 0
GORMAN-RUPP CO COM COM 383082104 2,280 70,013 SH   SOLE   70,013 0 0
UNION PACIFIC CORP COM 907818108 2,276 19,626 SH   SOLE   19,626 0 0
MICROSOFT CORP COM 594918104 2,253 30,251 SH   SOLE   30,251 0 0
INGERSOLL-RAND COMPANY COM G47791101 2,235 25,070 SH   SOLE   25,070 0 0
MC CORMICK & CO NEW VT COM 579780206 2,192 21,365 SH   SOLE   21,365 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,156 23,086 SH   SOLE   23,086 0 0
ABBOTT LABORATORIES COM 002824100 2,136 40,031 SH   SOLE   40,031 0 0
OLIN CORP NEW COM 680665205 2,125 62,050 SH   SOLE   62,050 0 0
3M COMPANY COM 88579Y101 2,050 9,767 SH   SOLE   9,767 0 0
CHESAPEAKE UTIL CORP COM 165303108 1,962 25,076 SH   SOLE   25,076 0 0
DISNEY WALT HOLDING CO COM 254687106 1,860 18,873 SH   SOLE   18,873 0 0
NEENAH PAPER INC COM 640079109 1,850 21,626 SH   SOLE   21,626 0 0
VALERO ENERGY COM 91913Y100 1,796 23,350 SH   SOLE   23,350 0 0
APPLE, INC COM 037833100 1,715 11,132 SH   SOLE   11,132 0 0
DARDEN RESTURANTS INC COM 237194105 1,693 21,500 SH   SOLE   21,500 0 0
GENERAL MILLS INC COM 370334104 1,644 31,765 SH   SOLE   31,765 0 0
SONOCO PRODUCTS INC COM 835495102 1,633 32,376 SH   SOLE   32,376 0 0
LAUDER ESTEE CORP COM 518439104 1,576 14,622 SH   SOLE   14,622 0 0
HONEYWELL INC. COM 438516106 1,572 11,097 SH   SOLE   11,097 0 0
AVNET INC COM 053807103 1,565 39,825 SH   SOLE   39,825 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,519 11,490 SH   SOLE   11,490 0 0
COCA-COLA COMPANY COM 191216100 1,491 33,128 SH   SOLE   33,128 0 0
HOME DEPOT INC COM 437076102 1,474 9,018 SH   SOLE   9,018 0 0
ALBANY INT'L COM 012348108 1,466 25,550 SH   SOLE   25,550 0 0
BUNGE COM G16962105 1,454 20,941 SH   SOLE   20,941 0 0
GAP INC COM 364760108 1,454 49,250 SH   SOLE   49,250 0 0
DEERE & CO COM 244199105 1,450 11,550 SH   SOLE   11,550 0 0
CELANESE COM 150870103 1,449 13,900 SH   SOLE   13,900 0 0
CASEYS GENERAL STORES INC COM 147528103 1,434 13,108 SH   SOLE   13,108 0 0
METLIFE INC COM 59156R108 1,361 26,207 SH   SOLE   26,207 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,359 17,100 SH   SOLE   17,100 0 0
APPLIED INDL. TECH. COM 03820C105 1,355 20,600 SH   SOLE   20,600 0 0
STERIS PLC COM 859152100 1,332 15,076 SH   SOLE   15,076 0 0
NORTHERN TRUST CORP COM 665859104 1,313 14,283 SH   SOLE   14,283 0 0
ROWAN COMPANIES COM 779382100 1,298 101,029 SH   SOLE   101,029 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,257 19,733 SH   SOLE   19,733 0 0
KIRBY CORP COM 497266106 1,253 19,004 SH   SOLE   19,004 0 0
TIMKEN COMPANY COM 887389104 1,228 25,300 SH   SOLE   25,300 0 0
APPLIED MATERIALS INC COM 038222105 1,218 23,400 SH   SOLE   23,400 0 0
CINTAS CORP COM 172908105 1,176 8,151 SH   SOLE   8,151 0 0
CATERPILLAR INC COM 149123101 1,166 9,353 SH   SOLE   9,353 0 0
AMERICAN EXPRESS COM 025816109 1,163 12,860 SH   SOLE   12,860 0 0
ANALOG DEVICES INC COM 032654105 1,153 13,384 SH   SOLE   13,384 0 0
KEYSIGHT TECHNOLOGIESOM COM 49338L103 1,141 27,399 SH   SOLE   27,399 0 0
CHUBB CORPORATION COM 171232101 1,129 7,924 SH   SOLE   7,924 0 0
ONEOK, INC COM 682680103 1,113 20,099 SH   SOLE   20,099 0 0
ATMOS ENERGY CORP COM 049560105 1,104 13,176 SH   SOLE   13,176 0 0
NEWMONT MINING COM 651639106 1,062 28,326 SH   SOLE   28,326 0 0
STANLEY BLACK & DECKER COM 854502101 1,055 6,990 SH   SOLE   6,990 0 0
DOWDUPONTOM COM 26078J100 1,053 15,220 SH   SOLE   15,220 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,049 6,391 SH   SOLE   6,391 0 0
SPIRE COM 84857L101 1,045 14,000 SH   SOLE   14,000 0 0
LOWES COMPANIES INC COM 548661107 1,031 12,904 SH   SOLE   12,904 0 0
SCHLUMBERGER LTD F COM 806857108 990 14,203 SH   SOLE   14,203 0 0
DOMINION RESOURCES INC. COM 25746U109 969 12,600 SH   SOLE   12,600 0 0
CONOCOPHILLIPS COM 20825C104 953 19,048 SH   SOLE   19,048 0 0
FRANKLIN ELEC CO INC COM 353514102 941 21,000 SH   SOLE   21,000 0 0
MICRON TECHNOLOGIES COM 595112103 939 23,876 SH   SOLE   23,876 0 0
UNITED TECHNOLOGIES CORP COM 913017109 933 8,040 SH   SOLE   8,040 0 0
ENBRIDGE INC. COM 29250N105 917 21,935 SH   SOLE   21,935 0 0
ANDEAVOR COM COM 03349M105 876 8,500 SH   SOLE   8,500 0 0
DOVER CORPORATION COM 260003108 870 9,525 SH   SOLE   9,525 0 0
HELMERICH & PAYNE INC COM 423452101 838 16,100 SH   SOLE   16,100 0 0
MURPHY OIL CORP COM 626717102 837 31,530 SH   SOLE   31,530 0 0
STRYKER CORP COM 863667101 823 5,800 SH   SOLE   5,800 0 0
DUKE ENERGY CORPORATION COM 26441C105 820 9,772 SH   SOLE   9,772 0 0
EATON CORPORATION COM 278058102 806 10,502 SH   SOLE   10,502 0 0
CORNING INC. COM 219350105 790 26,425 SH   SOLE   26,425 0 0
GOODYEAR TIRE & RUBBER COM 382550101 771 23,200 SH   SOLE   23,200 0 0
VERIZON COMM COM 92343V104 770 15,576 SH   SOLE   15,576 0 0
CALAVO GROWERS INC COM 128246105 761 10,400 SH   SOLE   10,400 0 0
BANK OF NEW YORK CO INC COM 064058100 752 14,200 SH   SOLE   14,200 0 0
PARKER-HANNIFIN CORP COM 701094104 752 4,300 SH   SOLE   4,300 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 749 11,878 SH   SOLE   11,878 0 0
DR PEPPER SNAPPLE GROUP COM 26138E109 734 8,300 SH   SOLE   8,300 0 0
ALLEGHENY TECH INC COM 01741R102 733 30,700 SH   SOLE   30,700 0 0
ALLEGION PUBLIC COM G0176J109 672 7,783 SH   SOLE   7,783 0 0
MERCK & CO INC COM 58933Y105 666 10,404 SH   SOLE   10,404 0 0
MURPHY USA INC. COM 626755102 604 8,758 SH   SOLE   8,758 0 0
AMERITRADE HLDNG CORP COM 87236Y108 597 12,250 SH   SOLE   12,250 0 0
GENUINE PARTS CO COM COM 372460105 570 5,960 SH   SOLE   5,960 0 0
PHILLIPS 66 COM COM 718546104 557 6,086 SH   SOLE   6,086 0 0
INGEVITY CORP COM COM 45688C107 553 8,859 SH   SOLE   8,859 0 0
PFIZER INC COM 717081103 542 15,210 SH   SOLE   15,210 0 0
CSX CORP COM 126408103 537 9,900 SH   SOLE   9,900 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 521 4,800 SH   SOLE   4,800 0 0
GOOGLE INC. COM 38259P508 519 534 SH   SOLE   534 0 0
WELLS FARGO & CO NEW COM 949746101 509 9,242 SH   SOLE   9,242 0 0
MARATHON PETE CORP COM COM 56585A102 504 8,988 SH   SOLE   8,988 0 0
21ST CENT FOX COM 90130A101 488 18,500 SH   SOLE   18,500 0 0
MEREDITH COM 589433101 471 8,500 SH   SOLE   8,500 0 0
INTEL COM 458140100 470 12,358 SH   SOLE   12,358 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 461 9,700 SH   SOLE   9,700 0 0
ARTESIAN RES CORP CLA COM 043113208 429 11,350 SH   SOLE   11,350 0 0
INTERNATIONAL PAPER CO COM 460146103 424 7,475 SH   SOLE   7,475 0 0
FLUOR CORPORATION COM 343412102 421 10,000 SH   SOLE   10,000 0 0
XEROX CORP COM 984121103 415 12,483 SH   SOLE   12,483 0 0
PACCAR INC COM 693718108 412 5,700 SH   SOLE   5,700 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 412 6,000 SH   SOLE   6,000 0 0
INTL BUSINESS MACHINES COM 459200101 411 2,836 SH   SOLE   2,836 0 0
POTASH CORP SASK INC COM 73755L107 404 21,000 SH   SOLE   21,000 0 0
HALLIBURTON COMPANY COM 406216101 401 8,733 SH   SOLE   8,733 0 0
RICHMONT MINES COM 76547T106 397 42,500 SH   SOLE   42,500 0 0
FERRO CORP COM 315405100 395 17,726 SH   SOLE   17,726 0 0
SHERWIN WILLIAMS CO COM 824348106 393 1,100 SH   SOLE   1,100 0 0
NOBLE ENERGY INC. COM 655044105 390 13,766 SH   SOLE   13,766 0 0
COMERICA INC. COM 200340107 386 5,066 SH   SOLE   5,066 0 0
AMERICAN STATES WATER CO COM 029899101 384 7,800 SH   SOLE   7,800 0 0
ONE GASOM COM 68235P108 363 4,933 SH   SOLE   4,933 0 0
BP PLC COM 055622104 358 9,320 SH   SOLE   9,320 0 0
CREE INC COM 225447101 346 12,300 SH   SOLE   12,300 0 0
HUNTINGTON BANCSHARES INC COM 446150104 346 24,826 SH   SOLE   24,826 0 0
FORD MOTOR COMPANY COM 345370860 344 28,750 SH   SOLE   28,750 0 0
CULLEN FROST BANKERS COM 229899109 332 3,500 SH   SOLE   3,500 0 0
AEROJET ROCKETDYNE HLDGS COM 007800105 322 9,200 SH   SOLE   9,200 0 0
AMER ELECTRIC PWR CO INC COM 025537101 317 4,520 SH   SOLE   4,520 0 0
BANCORP SOUTH CM COM 059692103 312 9,758 SH   SOLE   9,758 0 0
KEYCORP COM 493267108 302 16,091 SH   SOLE   16,091 0 0
US BANCORP DEL COM 902973304 300 5,600 SH   SOLE   5,600 0 0
AMGEN INC COM 031162100 294 1,580 SH   SOLE   1,580 0 0
ANADARKO PETROLEUM CORP COM 032511107 292 5,988 SH   SOLE   5,988 0 0
SOUTHWEST AIRLINES CO COM 844741108 290 5,193 SH   SOLE   5,193 0 0
PNC BANK CORP COM 693475105 289 2,146 SH   SOLE   2,146 0 0
CIMAREX ENERGY CO COM 171798101 284 2,500 SH   SOLE   2,500 0 0
DENNYS CORP COM 24869P104 280 22,500 SH   SOLE   22,500 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 276 25,733 SH   SOLE   25,733 0 0
AVERY DENNISON CORP COM 053611109 275 2,800 SH   SOLE   2,800 0 0
ASTRAZENECA PLC ADR COM 046353108 267 7,900 SH   SOLE   7,900 0 0
ZIONS BANCORPORATION COM COM 989701107 264 5,600 SH   SOLE   5,600 0 0
ALEXANDER & BALDWIN INC COM 014491104 259 5,600 SH   SOLE   5,600 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 253 17,300 SH   SOLE   17,300 0 0
OCCIDENTAL PETE CORP COM 674599105 251 3,918 SH   SOLE   3,918 0 0
MUELLER WATER PRODUCTS COM 624758108 243 19,000 SH   SOLE   19,000 0 0
BARNES GROUP INC COM 067806109 239 3,400 SH   SOLE   3,400 0 0
PARK NATIONAL CORP COM 700658107 232 2,150 SH   SOLE   2,150 0 0
BECTON DICKINSON & CO COM 075887109 223 1,140 SH   SOLE   1,140 0 0
MARATHON OIL COM 565849106 222 16,380 SH   SOLE   16,380 0 0
NO EUROPEAN OIL TR COM 659310106 219 31,569 SH   SOLE   31,569 0 0
PROS HOLDINGOM COM 74346Y103 214 8,900 SH   SOLE   8,900 0 0
PIONEER NATURAL RES CO COM 723787107 213 1,450 SH   SOLE   1,450 0 0
ENERGEN CORP COM 29265N108 213 3,900 SH   SOLE   3,900 0 0
AGNICO-EAGLE MINES LTD COM 008474108 212 4,700 SH   SOLE   4,700 0 0
TWENTY FIRST CENTURY FOX COM 90130A200 211 8,200 SH   SOLE   8,200 0 0
BLACK HILLS CORP COM COM 092113109 211 3,068 SH   SOLE   3,068 0 0
HAIN CELESTIAL GROUP INC COM 405217100 209 5,100 SH   SOLE   5,100 0 0
NEXTERA ENERGY INC COM 65339F101 209 1,430 SH   SOLE   1,430 0 0
ASHLAND INC COM 044209104 209 3,200 SH   SOLE   3,200 0 0
VALVOLINE INC. COM 92047W101 205 8,784 SH   SOLE   8,784 0 0
COLGATE-PALMOLIVE CO COM 194162103 203 2,800 SH   SOLE   2,800 0 0
ANGLOGOLD LTD COM 035128206 201 21,740 SH   SOLE   21,740 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 196 12,925 SH   SOLE   12,925 0 0
INTEVAC INC COM 461148108 191 22,700 SH   SOLE   22,700 0 0
TIMKENSTEEL CORP COM COM 887399103 183 11,150 SH   SOLE   11,150 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 173 19,900 SH   SOLE   19,900 0 0
KINROSS GOLD CORP NEW COM 496902404 166 39,273 SH   SOLE   39,273 0 0
DIAMOND OFFSHR DRILLING COM 25271C102 165 11,416 SH   SOLE   11,416 0 0
SOLITARIO EXPLORATION COM 8342EP107 140 203,000 SH   SOLE   203,000 0 0
GOLDCORP INC NEW COM 380956409 134 10,400 SH   SOLE   10,400 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 109 10,875 SH   SOLE   10,875 0 0
IAMGOLD CORPORATION COM 450913108 96 15,760 SH   SOLE   15,760 0 0
HECLA MINING COM 422704106 62 12,500 SH   SOLE   12,500 0 0
PDL BIOPHARMA INC COM 69329Y104 34 10,200 SH   SOLE   10,200 0 0
YAMANA GOLD INC COM 98462Y100 27 10,380 SH   SOLE   10,380 0 0
ROYAL HAWAIIAN ORCHARD COM 78028T100 21 10,000 SH   SOLE   10,000 0 0
STEIN MART INC COM 858375108 15 11,800 SH   SOLE   11,800 0 0
GOLDEN STAR RES LTD CDAF COM 38119T104 14 19,500 SH   SOLE   19,500 0 0