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
BRISTOL MYERS SQUIBB CO COM 110122108 1,031 18,633 SH   SOLE   1,031 0 0
BROWN FORMAN CORP CL B COM 115637209 2,778 56,701 SH   SOLE   2,778 0 0
CSX CORP COM 126408103 631 9,900 SH   SOLE   631 0 0
CALAVO GROWERS INC COM 128246105 980 10,200 SH   SOLE   980 0 0
CASEYS GENERAL STORES INC COM 147528103 1,277 12,155 SH   SOLE   1,277 0 0
CATERPILLAR INC COM 149123101 1,180 8,703 SH   SOLE   1,180 0 0
CELANESE CORP. COM 150870103 1,477 13,300 SH   SOLE   1,477 0 0
CHESAPEAKE UTIL CORP COM 165303108 1,918 24,001 SH   SOLE   1,918 0 0
CHEVRONTEXACO CORP COM 166764100 4,367 34,541 SH   SOLE   4,367 0 0
CHUBB CORPORATION COM 171232101 937 7,378 SH   SOLE   937 0 0
CIMAREX ENERGY CO COM 171798101 254 2,500 SH   SOLE   254 0 0
CINTAS CORP COM 172908105 1,406 7,601 SH   SOLE   1,406 0 0
COCA-COLA COMPANY COM 191216100 1,439 32,828 SH   SOLE   1,439 0 0
COMERICA INC. COM 200340107 433 4,766 SH   SOLE   433 0 0
CORNING INC. COM 219350105 718 26,125 SH   SOLE   718 0 0
CREE INC COM 225447101 507 12,200 SH   SOLE   507 0 0
CULLEN FROST BANKERS COM 229899109 346 3,200 SH   SOLE   346 0 0
DARDEN RESTURANTS INC COM 237194105 2,189 20,450 SH   SOLE   2,189 0 0
DEERE & CO COM 244199105 1,572 11,250 SH   SOLE   1,572 0 0
DISNEY WALT HOLDING CO COM 254687106 1,936 18,473 SH   SOLE   1,936 0 0
DOVER CORPORATION COM 260003108 697 9,525 SH   SOLE   697 0 0
EATON CORPORATION COM 278058102 784 10,502 SH   SOLE   784 0 0
EMERSON ELECTRIC COM 291011104 3,436 49,705 SH   SOLE   3,436 0 0
FARMER BROS. CO. COM 307675108 455 14,900 SH   SOLE   455 0 0
FERRO CORP COM 315405100 342 16,426 SH   SOLE   342 0 0
FLUOR CORPORATION COM 343412102 458 9,400 SH   SOLE   458 0 0
FORD MOTOR COMPANY COM 345370860 308 27,850 SH   SOLE   308 0 0
FRANKLIN ELEC CO INC COM 353514102 929 20,600 SH   SOLE   929 0 0
GAP INC COM 364760108 1,476 45,600 SH   SOLE   1,476 0 0
GENERAL MILLS INC COM 370334104 1,386 31,315 SH   SOLE   1,386 0 0
GENUINE PARTS CO COM COM 372460105 547 5,960 SH   SOLE   547 0 0
GOLDCORP INC NEW COM 380956409 150 11,000 SH   SOLE   150 0 0
GOODYEAR TIRE & RUBBER COM 382550101 493 21,200 SH   SOLE   493 0 0
GORMAN-RUPP CO COM COM 383082104 2,310 66,009 SH   SOLE   2,310 0 0
GRAINGER WW INC COM 384802104 7,263 23,551 SH   SOLE   7,263 0 0
HALLIBURTON COMPANY COM 406216101 393 8,733 SH   SOLE   393 0 0
HECLA MINING COM 422704106 43 12,500 SH   SOLE   43 0 0
HELMERICH & PAYNE INC COM 423452101 975 15,300 SH   SOLE   975 0 0
HERSHEY FOODS CORP COM 427866108 3,584 38,520 SH   SOLE   3,584 0 0
HOLLYFRONTIER CORP COM COM 435758305 345 5,044 SH   SOLE   345 0 0
HOME DEPOT INC COM 437076102 1,720 8,818 SH   SOLE   1,720 0 0
HONEYWELL INC. COM 438516106 1,476 10,247 SH   SOLE   1,476 0 0
HUNTINGTON BANCSHARES INC COM 446150104 356 24,126 SH   SOLE   356 0 0
IAMGOLD CORPORATION COM 450913108 91 15,760 SH   SOLE   91 0 0
INTEL COM 458140100 576 11,588 SH   SOLE   576 0 0
INTL BUSINESS MACHINES COM 459200101 389 2,786 SH   SOLE   389 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,440 27,751 SH   SOLE   3,440 0 0
INTERNATIONAL PAPER CO COM 460146103 425 8,175 SH   SOLE   425 0 0
INTEVAC INC COM 461148108 116 24,000 SH   SOLE   116 0 0
JOHNSON & JOHNSON COM 478160104 3,685 30,373 SH   SOLE   3,685 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 508 4,800 SH   SOLE   508 0 0
KEYCORP COM 493267108 311 15,966 SH   SOLE   311 0 0
KIMBERLY-CLARK CORP COM 494368103 2,417 22,952 SH   SOLE   2,417 0 0
KINROSS GOLD CORP NEW COM 496902404 145 38,773 SH   SOLE   145 0 0
KIRBY CORP COM 497266106 1,755 21,001 SH   SOLE   1,755 0 0
LAUDER ESTEE CORP CL A COM 518439104 2,057 14,422 SH   SOLE   2,057 0 0
LOWES COMPANIES INC COM 548661107 1,214 12,704 SH   SOLE   1,214 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,469 15,250 SH   SOLE   1,469 0 0
MARATHON OIL CO. COM 565849106 341 16,380 SH   SOLE   341 0 0
MC CORMICK & CO NEW VT COM 579780206 2,555 22,015 SH   SOLE   2,555 0 0
MEREDITH CORP. COM 589433101 392 7,700 SH   SOLE   392 0 0
MICROSOFT CORP COM 594918104 2,843 28,831 SH   SOLE   2,843 0 0
MIDDLEBY CORP THE COM 596278101 2,198 21,050 SH   SOLE   2,198 0 0
MUELLER WATER PRODUCTS COM 624758108 222 19,000 SH   SOLE   222 0 0
MURPHY OIL CORP COM 626717102 1,059 31,370 SH   SOLE   1,059 0 0
MURPHY USA INC. COM 626755102 645 8,693 SH   SOLE   645 0 0
NEENAH PAPER INC COM 640079109 1,771 20,876 SH   SOLE   1,771 0 0
NEWMONT MINING COM 651639106 1,056 28,026 SH   SOLE   1,056 0 0
NOBLE ENERGY INC. COM 655044105 464 13,166 SH   SOLE   464 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,612 10,690 SH   SOLE   1,612 0 0
NO EUROPEAN OIL TR COM 659310106 261 32,369 SH   SOLE   261 0 0
NORTHERN TRUST CORP COM 665859104 1,438 13,983 SH   SOLE   1,438 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 221 17,300 SH   SOLE   221 0 0
OCCIDENTAL PETE CORP COM 674599105 327 3,918 SH   SOLE   327 0 0
OLIN CORP NEW COM 680665205 1,712 59,625 SH   SOLE   1,712 0 0
ONEOK, INC COM 682680103 1,375 19,699 SH   SOLE   1,375 0 0
PNC BANK CORP COM 693475105 289 2,146 SH   SOLE   289 0 0
PACCAR INC COM 693718108 353 5,700 SH   SOLE   353 0 0
PARK NATIONAL CORP COM 700658107 239 2,150 SH   SOLE   239 0 0
PARKER-HANNIFIN CORP COM 701094104 670 4,300 SH   SOLE   670 0 0
PEPSICO INCORPORATED COM 713448108 3,765 34,587 SH   SOLE   3,765 0 0
PFIZER INC COM 717081103 531 14,649 SH   SOLE   531 0 0
PHILLIPS 66 COM COM 718546104 660 5,881 SH   SOLE   660 0 0
PIONEER NATURAL RES CO COM 723787107 264 1,400 SH   SOLE   264 0 0
ROWAN COMPANIES COM 779382100 1,582 97,569 SH   SOLE   1,582 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 298 4,316 SH   SOLE   298 0 0
SCHLUMBERGER LTD F COM 806857108 945 14,103 SH   SOLE   945 0 0
THE CHARLES SCHWAB CORP COM 808513105 224 4,400 SH   SOLE   224 0 0
SHERWIN WILLIAMS CO COM 824348106 448 1,100 SH   SOLE   448 0 0
SONOCO PRODUCTS INC COM 835495102 2,239 42,653 SH   SOLE   2,239 0 0
STANLEY BLACK & DECKER INC. COM 854502101 928 6,990 SH   SOLE   928 0 0
STARBUCKS CORP COM 855244109 4,702 96,269 SH   SOLE   4,702 0 0
STEIN MART INC COM 858375108 26 10,800 SH   SOLE   26 0 0
STERIS PLC COM 859152100 1,383 13,176 SH   SOLE   1,383 0 0
STRYKER CORP COM 863667101 928 5,500 SH   SOLE   928 0 0
SYSCO CORP. COM 871829107 3,751 54,931 SH   SOLE   3,751 0 0
TEXAS INSTRUMENTS INC COM 882508104 4,065 36,876 SH   SOLE   4,065 0 0
TIMKEN COMPANY COM 887389104 1,075 24,700 SH   SOLE   1,075 0 0
TIMKENSTEEL CORP COM COM 887399103 183 11,200 SH   SOLE   183 0 0
TRACTOR SUPPLY COMPANY COM 892356106 3,278 42,865 SH   SOLE   3,278 0 0
US BANCORP DEL COM 902973304 280 5,600 SH   SOLE   280 0 0
UNION PACIFIC CORP COM 907818108 2,741 19,351 SH   SOLE   2,741 0 0
UNITED TECHNOLOGIES CORP COM 913017109 967 7,740 SH   SOLE   967 0 0
WELLS FARGO & CO NEW COM 949746101 498 8,992 SH   SOLE   498 0 0
XEROX CORP COM 984121103 289 12,058 SH   SOLE   289 0 0
ZIONS BANCORPORATION COM COM 989701107 289 5,500 SH   SOLE   289 0 0
ABBOTT LABORATORIES COM 002824100 2,291 37,572 SH   SOLE   2,291 0 0
ABBVIE INC COM COM 00287Y109 3,268 35,280 SH   SOLE   3,268 0 0
ADVANSIX INC COM COM 00773T101 2,742 74,876 SH   SOLE   2,742 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 256 8,700 SH   SOLE   256 0 0
AGILENT TECHNOLOGIES COM 00846U101 2,826 45,701 SH   SOLE   2,826 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 3,907 25,092 SH   SOLE   3,907 0 0
ALAMOS GOLD INC. COM 011532108 334 58,862 SH   SOLE   334 0 0
ALBANY INT'L CORP. COM 012348108 1,425 23,700 SH   SOLE   1,425 0 0
ALEXANDER & BALDWIN INC COM 014491104 220 9,379 SH   SOLE   220 0 0
ALLEGHENY TECH INC COM 01741R102 743 29,600 SH   SOLE   743 0 0
AMER ELECTRIC PWR CO INC COM 025537101 306 4,420 SH   SOLE   306 0 0
AMERICAN EXPRESS CO. COM 025816109 1,240 12,660 SH   SOLE   1,240 0 0
AMERICAN STATES WATER CO COM 029899101 405 7,100 SH   SOLE   405 0 0
AMGEN INC COM 031162100 291 1,580 SH   SOLE   291 0 0
ANADARKO PETROLEUM CORP COM 032511107 387 5,288 SH   SOLE   387 0 0
ANALOG DEVICES INC COM 032654105 1,235 12,884 SH   SOLE   1,235 0 0
ANDEAVOR COM COM 03349M105 983 7,500 SH   SOLE   983 0 0
ANGLOGOLD LTD COM 035128206 182 22,240 SH   SOLE   182 0 0
APPLE, INC COM 037833100 2,056 11,112 SH   SOLE   2,056 0 0
APPLIED INDL. TECH. COM 03820C105 1,659 23,650 SH   SOLE   1,659 0 0
APPLIED MATERIALS INC COM 038222105 1,011 21,900 SH   SOLE   1,011 0 0
ARTESIAN RES CORP CLA COM 043113208 432 11,150 SH   SOLE   432 0 0
ASHLAND INC COM 044209104 250 3,200 SH   SOLE   250 0 0
ASTRAZENECA PLC ADR COM 046353108 277 7,900 SH   SOLE   277 0 0
ATMOS ENERGY CORP COM 049560105 1,151 12,776 SH   SOLE   1,151 0 0
AUTO DATA PROCESSING COM 053015103 4,141 30,874 SH   SOLE   4,141 0 0
AVERY DENNISON CORP COM 053611109 275 2,700 SH   SOLE   275 0 0
AVNET INC COM 053807103 1,630 38,025 SH   SOLE   1,630 0 0
BP PLC COM 055622104 425 9,320 SH   SOLE   425 0 0
BANCORP SOUTH CM COM 059692103 313 9,500 SH   SOLE   313 0 0
BANK OF NEW YORK CO INC COM 064058100 760 14,100 SH   SOLE   760 0 0
BARNES GROUP INC COM 067806109 200 3,400 SH   SOLE   200 0 0
BARRICK GOLD COM 067901108 136 10,381 SH   SOLE   136 0 0
BECTON DICKINSON & CO COM 075887109 273 1,140 SH   SOLE   273 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 953 23,786 SH   SOLE   953 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,510 30,500 SH   SOLE   3,510 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 755 11,609 SH   SOLE   755 0 0
CONOCOPHILLIPS COM 20825C104 1,250 17,962 SH   SOLE   1,250 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,283 6,141 SH   SOLE   1,283 0 0
DENNYS CORP COM 24869P104 358 22,500 SH   SOLE   358 0 0
DIAMOND OFFSHR DRILLING COM 25271C102 224 10,766 SH   SOLE   224 0 0
DOMINION RESOURCES INC. COM 25746U109 784 11,500 SH   SOLE   784 0 0
DOWDUPONT INC COM COM 26078J100 992 15,060 SH   SOLE   992 0 0
DR PEPPER SNAPPLE GROUP COM 26138E109 951 7,800 SH   SOLE   951 0 0
DUKE ENERGY CORPORATION COM 26441C105 703 8,890 SH   SOLE   703 0 0
ENBRIDGE INC. COM 29250N105 750 21,026 SH   SOLE   750 0 0
ENERGEN CORP COM 29265N108 276 3,800 SH   SOLE   276 0 0
EXXON MOBIL CORP COM 30231G102 5,205 62,926 SH   SOLE   5,205 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,383 22,479 SH   SOLE   2,383 0 0
GOLDEN STAR RES LTD CDAF COM 38119T104 6 10,000 SH   SOLE   6 0 0
GOOGLE INC. COM 38259P508 589 522 SH   SOLE   589 0 0
HESS CORPORATION COM 42809H107 280 4,200 SH   SOLE   280 0 0
INGEVITY CORP COM COM 45688C107 673 8,326 SH   SOLE   673 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 441 6,000 SH   SOLE   441 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 1,531 25,949 SH   SOLE   1,531 0 0
MARATHON PETE CORP COM COM 56585A102 612 8,726 SH   SOLE   612 0 0
MASTERCARD INC COM 57636Q104 5,439 27,681 SH   SOLE   5,439 0 0
MERCK & CO INC COM 58933Y105 623 10,272 SH   SOLE   623 0 0
METLIFE INC COM 59156R108 1,072 24,607 SH   SOLE   1,072 0 0
NEXTERA ENERGY INC COM 65339F101 238 1,430 SH   SOLE   238 0 0
NUTRIEN LTD CO COM COM 67077M108 445 8,200 SH   SOLE   445 0 0
ONE GAS INC COM COM 68235P108 368 4,933 SH   SOLE   368 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 426 9,100 SH   SOLE   426 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 106 10,575 SH   SOLE   106 0 0
RALPH LAUREN CORP. COM 731572103 226 1,800 SH   SOLE   226 0 0
PRAXAIR INC. COM 74005P104 5,492 34,727 SH   SOLE   5,492 0 0
PROS HOLDING INC COM COM 74346Y103 325 8,900 SH   SOLE   325 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 224 12,608 SH   SOLE   224 0 0
SOLITARIO EXPLORATION COM 8342EP107 87 203,000 SH   SOLE   87 0 0
SPIRE COM 84857L101 982 13,900 SH   SOLE   982 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 670 12,250 SH   SOLE   670 0 0
3M COMPANY COM 88579Y101 1,826 9,285 SH   SOLE   1,826 0 0
21ST CENT FOX Cl A COM 90130A101 894 18,000 SH   SOLE   894 0 0
TWENTY FIRST CENTURY FOX INC CLASS B COM COM 90130A200 335 6,800 SH   SOLE   335 0 0
VALERO ENERGY COM 91913Y100 2,344 21,150 SH   SOLE   2,344 0 0
VALVOLINE INC. COM 92047W101 291 13,501 SH   SOLE   291 0 0
VERIZON COMM COM 92343V104 824 16,384 SH   SOLE   824 0 0
VERSUM MATLS INC COM COM 92532W103 2,289 61,640 SH   SOLE   2,289 0 0
WESTROCK CO COM COM 96145D105 2,681 47,027 SH   SOLE   2,681 0 0
YAMANA GOLD INC COM 98462Y100 29 10,000 SH   SOLE   29 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 572 7,401 SH   SOLE   572 0 0
BUNGE COM G16962105 2,066 29,642 SH   SOLE   2,066 0 0
INGERSOLL-RAND COMPANY COM G47791101 2,197 24,485 SH   SOLE   2,197 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 350 26,052 SH   SOLE   350 0 0
CAMPBELL SOUP COMPANY COM 134429109 449 11,084 SH   SOLE   449 0 0
AGNICO-EAGLE MINES LTD COM 008474108 284 6,200 SH   SOLE   284 0 0
MATSON INC COM COM 57686G105 222 5,800 SH   SOLE   222 0 0
STEEL DYNAMICS INC COM 858119100 220 4,800 SH   SOLE   220 0 0
EXPEDITORS INTL WASH COM 302130109 211 2,900 SH   SOLE   211 0 0
KELLOGG COMPANY COM 487836108 206 2,960 SH   SOLE   206 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 185 19,900 SH   SOLE   185 0 0