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
21ST CENT FOX Cl A COM 90130A101 675 18,400 SH   SOLE   675 0 0
3M COMPANY COM 88579Y101 2,060 9,385 SH   SOLE   2,060 0 0
ABBOTT LABORATORIES COM 002824100 2,251 37,572 SH   SOLE   2,251 0 0
ABBVIE INC COM COM 00287Y109 3,339 35,280 SH   SOLE   3,339 0 0
ADVANSIX INC COM COM 00773T101 2,618 75,276 SH   SOLE   2,618 0 0
AEROJET ROCKETDYNE HLDGS INC C COM 007800105 243 8,700 SH   SOLE   243 0 0
AGILENT TECHNOLOGIES COM 00846U101 3,070 45,901 SH   SOLE   3,070 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 4,007 25,202 SH   SOLE   4,007 0 0
ALAMOS GOLD INC. COM 011532108 306 58,862 SH   SOLE   306 0 0
ALBANY INT'L CORP. COM 012348108 1,489 23,750 SH   SOLE   1,489 0 0
ALEXANDER & BALDWIN INC COM 014491104 233 10,079 SH   SOLE   233 0 0
ALLEGHENY TECH INC COM 01741R102 700 29,600 SH   SOLE   700 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 631 7,401 SH   SOLE   631 0 0
AMER ELECTRIC PWR CO INC COM 025537101 303 4,420 SH   SOLE   303 0 0
AMERICAN EXPRESS CO. COM 025816109 1,180 12,660 SH   SOLE   1,180 0 0
AMERICAN STATES WATER CO COM 029899101 376 7,100 SH   SOLE   376 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 725 12,250 SH   SOLE   725 0 0
AMGEN INC COM 031162100 269 1,580 SH   SOLE   269 0 0
ANADARKO PETROLEUM CORP COM 032511107 325 5,388 SH   SOLE   325 0 0
ANALOG DEVICES INC COM 032654105 1,183 12,984 SH   SOLE   1,183 0 0
ANDEAVOR COM COM 03349M105 774 7,700 SH   SOLE   774 0 0
ANGLOGOLD LTD COM 035128206 211 22,240 SH   SOLE   211 0 0
APPLE, INC COM 037833100 1,864 11,112 SH   SOLE   1,864 0 0
APPLIED INDL. TECH. COM 03820C105 1,738 23,850 SH   SOLE   1,738 0 0
APPLIED MATERIALS INC COM 038222105 1,222 21,975 SH   SOLE   1,222 0 0
ARTESIAN RES CORP CLA COM 043113208 410 11,250 SH   SOLE   410 0 0
ASHLAND INC COM 044209104 223 3,200 SH   SOLE   223 0 0
ASTRAZENECA PLC ADR COM 046353108 276 7,900 SH   SOLE   276 0 0
ATMOS ENERGY CORP COM 049560105 1,093 12,976 SH   SOLE   1,093 0 0
AUTO DATA PROCESSING COM 053015103 3,554 31,324 SH   SOLE   3,554 0 0
AVERY DENNISON CORP COM 053611109 286 2,700 SH   SOLE   286 0 0
AVNET INC COM 053807103 1,600 38,325 SH   SOLE   1,600 0 0
BANCORP SOUTH CM COM 059692103 302 9,500 SH   SOLE   302 0 0
BANK OF NEW YORK CO INC COM 064058100 726 14,100 SH   SOLE   726 0 0
BARNES GROUP INC COM 067806109 203 3,400 SH   SOLE   203 0 0
BARRICK GOLD COM 067901108 129 10,381 SH   SOLE   129 0 0
BECTON DICKINSON & CO COM 075887109 247 1,140 SH   SOLE   247 0 0
BP PLC COM 055622104 377 9,320 SH   SOLE   377 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 1,227 23,886 SH   SOLE   1,227 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,210 19,133 SH   SOLE   1,210 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,403 31,025 SH   SOLE   3,403 0 0
BROWN FORMAN CORP CL B COM 115637209 3,084 56,699 SH   SOLE   3,084 0 0
BUNGE COM G16962105 2,191 29,643 SH   SOLE   2,191 0 0
CALAVO GROWERS INC COM 128246105 949 10,300 SH   SOLE   949 0 0
CASEYS GENERAL STORES INC COM 147528103 1,334 12,155 SH   SOLE   1,334 0 0
CATERPILLAR INC COM 149123101 1,282 8,703 SH   SOLE   1,282 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 740 11,691 SH   SOLE   740 0 0
CELANESE CORP. COM 150870103 1,332 13,300 SH   SOLE   1,332 0 0
CHESAPEAKE UTIL CORP COM 165303108 1,702 24,201 SH   SOLE   1,702 0 0
CHEVRONTEXACO CORP COM 166764100 3,950 34,642 SH   SOLE   3,950 0 0
CHUBB CORPORATION COM 171232101 1,009 7,378 SH   SOLE   1,009 0 0
CIMAREX ENERGY CO COM 171798101 233 2,500 SH   SOLE   233 0 0
CINTAS CORP COM 172908105 1,330 7,801 SH   SOLE   1,330 0 0
COCA-COLA COMPANY COM 191216100 1,425 32,828 SH   SOLE   1,425 0 0
COLGATE-PALMOLIVE CO COM 194162103 200 2,800 SH   SOLE   200 0 0
COMERICA INC. COM 200340107 457 4,766 SH   SOLE   457 0 0
CONOCOPHILLIPS COM 20825C104 1,076 18,163 SH   SOLE   1,076 0 0
CORNING INC. COM 219350105 728 26,125 SH   SOLE   728 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,180 6,266 SH   SOLE   1,180 0 0
CRANE COMPANY COM 224399105 213 2,300 SH   SOLE   213 0 0
CREE INC COM 225447101 491 12,200 SH   SOLE   491 0 0
CSX CORP COM 126408103 551 9,900 SH   SOLE   551 0 0
CULLEN FROST BANKERS COM 229899109 339 3,200 SH   SOLE   339 0 0
DARDEN RESTURANTS INC COM 237194105 1,747 20,500 SH   SOLE   1,747 0 0
DEERE & CO COM 244199105 1,762 11,350 SH   SOLE   1,762 0 0
DENNYS CORP COM 24869P104 347 22,500 SH   SOLE   347 0 0
DIAMOND OFFSHR DRILLING COM 25271C102 159 10,866 SH   SOLE   159 0 0
DISNEY WALT HOLDING CO COM 254687106 1,865 18,573 SH   SOLE   1,865 0 0
DOMINION RESOURCES INC. COM 25746U109 809 12,000 SH   SOLE   809 0 0
DOVER CORPORATION COM 260003108 935 9,525 SH   SOLE   935 0 0
DOWDUPONT INC COM COM 26078J100 959 15,060 SH   SOLE   959 0 0
DR PEPPER SNAPPLE GROUP COM 26138E109 947 8,000 SH   SOLE   947 0 0
DUKE ENERGY CORPORATION COM 26441C105 722 9,323 SH   SOLE   722 0 0
EATON CORPORATION COM 278058102 839 10,502 SH   SOLE   839 0 0
EMERSON ELECTRIC COM 291011104 3,408 49,905 SH   SOLE   3,408 0 0
ENBRIDGE INC. COM 29250N105 663 21,097 SH   SOLE   663 0 0
ENERGEN CORP COM 29265N108 238 3,800 SH   SOLE   238 0 0
EXXON MOBIL CORP COM 30231G102 4,727 63,366 SH   SOLE   4,727 0 0
FARMER BROS. CO. COM 307675108 462 15,300 SH   SOLE   462 0 0
FERRO CORP COM 315405100 381 16,426 SH   SOLE   381 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,179 22,631 SH   SOLE   2,179 0 0
FIFTH THIRD BANCORP COM 031677310 202 6,393 SH   SOLE   202 0 0
FLUOR CORPORATION COM 343412102 549 9,600 SH   SOLE   549 0 0
FORD MOTOR COMPANY COM 345370860 314 28,350 SH   SOLE   314 0 0
FRANKLIN ELEC CO INC COM 353514102 847 20,800 SH   SOLE   847 0 0
GAP INC COM 364760108 1,424 45,650 SH   SOLE   1,424 0 0
GENERAL MILLS INC COM 370334104 1,397 31,015 SH   SOLE   1,397 0 0
GENUINE PARTS CO COM COM 372460105 535 5,960 SH   SOLE   535 0 0
GOLDCORP INC NEW COM 380956409 152 11,000 SH   SOLE   152 0 0
GOLDEN STAR RES LTD CDAF COM 38119T104 8 15,000 SH   SOLE   8 0 0
GOODYEAR TIRE & RUBBER COM 382550101 563 21,200 SH   SOLE   563 0 0
GOOGLE INC. COM 38259P508 541 522 SH   SOLE   541 0 0
GORMAN-RUPP CO COM COM 383082104 1,960 67,026 SH   SOLE   1,960 0 0
GRAINGER WW INC COM 384802104 6,661 23,601 SH   SOLE   6,661 0 0
HALLIBURTON COMPANY COM 406216101 409 8,733 SH   SOLE   409 0 0
HECLA MINING COM 422704106 45 12,500 SH   SOLE   45 0 0
HELMERICH & PAYNE INC COM 423452101 1,031 15,500 SH   SOLE   1,031 0 0
HERSHEY FOODS CORP COM 427866108 3,802 38,420 SH   SOLE   3,802 0 0
HESS CORPORATION COM 42809H107 212 4,200 SH   SOLE   212 0 0
HOLLYFRONTIER CORP COM COM 435758305 246 5,044 SH   SOLE   246 0 0
HOME DEPOT INC COM 437076102 1,589 8,918 SH   SOLE   1,589 0 0
HONEYWELL INC. COM 438516106 1,538 10,647 SH   SOLE   1,538 0 0
HUNTINGTON BANCSHARES INC COM 446150104 367 24,326 SH   SOLE   367 0 0
IAMGOLD CORPORATION COM 450913108 81 15,760 SH   SOLE   81 0 0
INGERSOLL-RAND COMPANY COM G47791101 2,110 24,685 SH   SOLE   2,110 0 0
INGEVITY CORP COM COM 45688C107 623 8,460 SH   SOLE   623 0 0
INTEL COM 458140100 603 11,588 SH   SOLE   603 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 435 6,000 SH   SOLE   435 0 0
INTERNATIONAL PAPER CO COM 460146103 399 7,475 SH   SOLE   399 0 0
INTEVAC INC COM 461148108 166 24,200 SH   SOLE   166 0 0
INTL BUSINESS MACHINES COM 459200101 427 2,786 SH   SOLE   427 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,864 28,226 SH   SOLE   3,864 0 0
JOHNSON & JOHNSON COM 478160104 3,917 30,573 SH   SOLE   3,917 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 527 4,800 SH   SOLE   527 0 0
KEYCORP COM 493267108 312 15,966 SH   SOLE   312 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 1,364 26,049 SH   SOLE   1,364 0 0
KIMBERLY-CLARK CORP COM 494368103 2,549 23,152 SH   SOLE   2,549 0 0
KINROSS GOLD CORP NEW COM 496902404 153 38,773 SH   SOLE   153 0 0
KIRBY CORP COM 497266106 1,619 21,051 SH   SOLE   1,619 0 0
LAUDER ESTEE CORP CL A COM 518439104 2,159 14,422 SH   SOLE   2,159 0 0
LOWES COMPANIES INC COM 548661107 1,114 12,704 SH   SOLE   1,114 0 0
MARATHON OIL CO. COM 565849106 264 16,380 SH   SOLE   264 0 0
MARATHON PETE CORP COM COM 56585A102 642 8,788 SH   SOLE   642 0 0
MASTERCARD INC COM 57636Q104 4,936 28,181 SH   SOLE   4,936 0 0
MC CORMICK & CO NEW VT COM 579780206 2,352 22,115 SH   SOLE   2,352 0 0
MERCK & CO INC COM 58933Y105 559 10,272 SH   SOLE   559 0 0
MEREDITH CORP. COM 589433101 414 7,700 SH   SOLE   414 0 0
METLIFE INC COM 59156R108 1,133 24,707 SH   SOLE   1,133 0 0
MICROSOFT CORP COM 594918104 2,649 29,031 SH   SOLE   2,649 0 0
MIDDLEBY CORP THE COM 596278101 2,630 21,250 SH   SOLE   2,630 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,273 15,300 SH   SOLE   1,273 0 0
MUELLER WATER PRODUCTS COM 624758108 206 19,000 SH   SOLE   206 0 0
MURPHY OIL CORP COM 626717102 810 31,370 SH   SOLE   810 0 0
MURPHY USA INC. COM 626755102 632 8,693 SH   SOLE   632 0 0
NEENAH PAPER INC COM 640079109 1,636 20,876 SH   SOLE   1,636 0 0
NEWMONT MINING COM 651639106 1,094 28,026 SH   SOLE   1,094 0 0
NEXTERA ENERGY INC COM 65339F101 233 1,430 SH   SOLE   233 0 0
NO EUROPEAN OIL TR COM 659310106 267 32,369 SH   SOLE   267 0 0
NOBLE ENERGY INC. COM 655044105 417 13,766 SH   SOLE   417 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,505 11,090 SH   SOLE   1,505 0 0
NORTHERN TRUST CORP COM 665859104 1,442 13,983 SH   SOLE   1,442 0 0
NUTRIEN LTD CO COM COM 67077M108 387 8,200 SH   SOLE   387 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 228 17,300 SH   SOLE   228 0 0
OCCIDENTAL PETE CORP COM 674599105 254 3,918 SH   SOLE   254 0 0
OLIN CORP NEW COM 680665205 1,827 60,125 SH   SOLE   1,827 0 0
ONE GAS INC COM COM 68235P108 325 4,933 SH   SOLE   325 0 0
ONEOK, INC COM 682680103 1,126 19,799 SH   SOLE   1,126 0 0
PACCAR INC COM 693718108 377 5,700 SH   SOLE   377 0 0
PARK NATIONAL CORP COM 700658107 223 2,150 SH   SOLE   223 0 0
PARKER-HANNIFIN CORP COM 701094104 735 4,300 SH   SOLE   735 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 412 9,300 SH   SOLE   412 0 0
PEPSICO INCORPORATED COM 713448108 3,846 35,237 SH   SOLE   3,846 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 192 19,900 SH   SOLE   192 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 149 10,575 SH   SOLE   149 0 0
PFIZER INC COM 717081103 529 14,910 SH   SOLE   529 0 0
PHILLIPS 66 COM COM 718546104 564 5,881 SH   SOLE   564 0 0
PIONEER NATURAL RES CO COM 723787107 240 1,400 SH   SOLE   240 0 0
PNC BANK CORP COM 693475105 324 2,146 SH   SOLE   324 0 0
PRAXAIR INC. COM 74005P104 5,079 35,202 SH   SOLE   5,079 0 0
PROS HOLDING INC COM COM 74346Y103 293 8,900 SH   SOLE   293 0 0
RALPH LAUREN CORP. COM 731572103 201 1,800 SH   SOLE   201 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 235 12,687 SH   SOLE   235 0 0
ROWAN COMPANIES COM 779382100 1,128 97,769 SH   SOLE   1,128 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 275 4,316 SH   SOLE   275 0 0
SCHLUMBERGER LTD F COM 806857108 913 14,103 SH   SOLE   913 0 0
SHERWIN WILLIAMS CO COM 824348106 431 1,100 SH   SOLE   431 0 0
SOLITARIO EXPLORATION COM 8342EP107 94 203,000 SH   SOLE   94 0 0
SONOCO PRODUCTS INC COM 835495102 1,628 33,579 SH   SOLE   1,628 0 0
SPIRE COM 84857L101 1,012 14,000 SH   SOLE   1,012 0 0
STANLEY BLACK & DECKER INC. COM 854502101 1,070 6,990 SH   SOLE   1,070 0 0
STARBUCKS CORP COM 855244109 5,601 96,769 SH   SOLE   5,601 0 0
STEEL DYNAMICS INC COM 858119100 212 4,800 SH   SOLE   212 0 0
STEIN MART INC COM 858375108 16 10,800 SH   SOLE   16 0 0
STERIS PLC COM 859152100 1,239 13,276 SH   SOLE   1,239 0 0
STRYKER CORP COM 863667101 885 5,500 SH   SOLE   885 0 0
SYSCO CORP. COM 871829107 3,311 55,231 SH   SOLE   3,311 0 0
TEXAS INSTRUMENTS INC COM 882508104 3,882 37,376 SH   SOLE   3,882 0 0
THE CHARLES SCHWAB CORP COM 808513105 229 4,400 SH   SOLE   229 0 0
TIMKEN COMPANY COM 887389104 1,126 24,700 SH   SOLE   1,126 0 0
TIMKENSTEEL CORP COM COM 887399103 170 11,200 SH   SOLE   170 0 0
TRACTOR SUPPLY COMPANY COM 892356106 2,701 42,865 SH   SOLE   2,701 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 257 26,052 SH   SOLE   257 0 0
TWENTY FIRST CENTURY FOX INC C COM 90130A200 265 7,300 SH   SOLE   265 0 0
UNION PACIFIC CORP COM 907818108 2,618 19,476 SH   SOLE   2,618 0 0
UNITED TECHNOLOGIES CORP COM 913017109 973 7,740 SH   SOLE   973 0 0
US BANCORP DEL COM 902973304 282 5,600 SH   SOLE   282 0 0
VALERO ENERGY COM 91913Y100 2,027 21,850 SH   SOLE   2,027 0 0
VALVOLINE INC. COM 92047W101 298 13,501 SH   SOLE   298 0 0
VERIZON COMM COM 92343V104 783 16,384 SH   SOLE   783 0 0
VERSUM MATLS INC COM COM 92532W103 2,324 61,765 SH   SOLE   2,324 0 0
WELLS FARGO & CO NEW COM 949746101 473 9,042 SH   SOLE   473 0 0
WESTROCK CO COM COM 96145D105 3,096 48,254 SH   SOLE   3,096 0 0
XEROX CORP COM 984121103 348 12,108 SH   SOLE   348 0 0
YAMANA GOLD INC COM 98462Y100 27 10,000 SH   SOLE   27 0 0
ZIONS BANCORPORATION COM COM 989701107 290 5,500 SH   SOLE   290 0 0