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
ABBOTT LABORATORIES COM 002824100 2,748 37,472 SH   SOLE   2,748 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 278 8,200 SH   SOLE   278 0 0
AGNICO-EAGLE MINES LTD COM 008474108 246 7,200 SH   SOLE   246 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 4,187 25,067 SH   SOLE   4,187 0 0
ALAMOS GOLD INC. COM 011532108 271 58,862 SH   SOLE   271 0 0
ALBANY INT'L CORP. COM 012348108 1,804 22,700 SH   SOLE   1,804 0 0
ALEXANDER & BALDWIN INC COM 014491104 212 9,379 SH   SOLE   212 0 0
AMER ELECTRIC PWR CO INC COM 025537101 313 4,420 SH   SOLE   313 0 0
AMERICAN EXPRESS CO. COM 025816109 1,316 12,360 SH   SOLE   1,316 0 0
AMERICAN STATES WATER CO COM 029899101 434 7,100 SH   SOLE   434 0 0
AMGEN INC COM 031162100 327 1,580 SH   SOLE   327 0 0
ANADARKO PETROLEUM CORP COM 032511107 348 5,163 SH   SOLE   348 0 0
ANALOG DEVICES INC COM 032654105 1,163 12,584 SH   SOLE   1,163 0 0
ANGLOGOLD LTD COM 035128206 187 21,840 SH   SOLE   187 0 0
APPLE, INC COM 037833100 2,508 11,111 SH   SOLE   2,508 0 0
APPLIED MATERIALS INC COM 038222105 829 21,450 SH   SOLE   829 0 0
ARTESIAN RES CORP CLA COM 043113208 421 11,450 SH   SOLE   421 0 0
ASHLAND INC COM 044209104 268 3,200 SH   SOLE   268 0 0
ASTRAZENECA PLC ADR COM 046353108 312 7,900 SH   SOLE   312 0 0
ATMOS ENERGY CORP COM 049560105 1,171 12,476 SH   SOLE   1,171 0 0
AUTO DATA PROCESSING COM 053015103 4,632 30,749 SH   SOLE   4,632 0 0
AVERY DENNISON CORP COM 053611109 292 2,700 SH   SOLE   292 0 0
AVNET INC COM 053807103 1,702 38,025 SH   SOLE   1,702 0 0
BP PLC COM 055622104 429 9,320 SH   SOLE   429 0 0
BANCORP SOUTH CM COM 059692103 310 9,500 SH   SOLE   310 0 0
BANK OF NEW YORK CO INC COM 064058100 718 14,100 SH   SOLE   718 0 0
BARNES GROUP INC COM 067806109 241 3,400 SH   SOLE   241 0 0
BARRICK GOLD COM 067901108 115 10,381 SH   SOLE   115 0 0
BECTON DICKINSON & CO COM 075887109 297 1,140 SH   SOLE   297 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,156 18,633 SH   SOLE   1,156 0 0
BROWN FORMAN CORP CL B COM 115637209 2,773 54,874 SH   SOLE   2,773 0 0
CSX CORP COM 126408103 733 9,900 SH   SOLE   733 0 0
CALAVO GROWERS INC COM 128246105 946 9,800 SH   SOLE   946 0 0
CAMPBELL SOUP COMPANY COM 134429109 366 10,000 SH   SOLE   366 0 0
CASEYS GENERAL STORES INC COM 147528103 1,543 11,955 SH   SOLE   1,543 0 0
CATERPILLAR INC COM 149123101 1,296 8,503 SH   SOLE   1,296 0 0
CELANESE CORP. COM 150870103 1,482 13,000 SH   SOLE   1,482 0 0
CHESAPEAKE UTIL CORP COM 165303108 2,022 24,101 SH   SOLE   2,022 0 0
CHEVRONTEXACO CORP COM 166764100 4,248 34,741 SH   SOLE   4,248 0 0
CHUBB CORPORATION COM 171232101 969 7,258 SH   SOLE   969 0 0
CIMAREX ENERGY CO COM 171798101 232 2,500 SH   SOLE   232 0 0
CINTAS CORP COM 172908105 1,463 7,401 SH   SOLE   1,463 0 0
COCA-COLA COMPANY COM 191216100 1,488 32,228 SH   SOLE   1,488 0 0
COMERICA INC. COM 200340107 405 4,493 SH   SOLE   405 0 0
CORNING INC. COM 219350105 897 25,425 SH   SOLE   897 0 0
CREE INC COM 225447101 462 12,200 SH   SOLE   462 0 0
CULLEN FROST BANKERS COM 229899109 334 3,200 SH   SOLE   334 0 0
DARDEN RESTURANTS INC COM 237194105 2,251 20,250 SH   SOLE   2,251 0 0
DEERE & CO COM 244199105 1,736 11,550 SH   SOLE   1,736 0 0
DISNEY WALT HOLDING CO COM 254687106 2,160 18,473 SH   SOLE   2,160 0 0
DOVER CORPORATION COM 260003108 860 9,725 SH   SOLE   860 0 0
EATON CORPORATION COM 278058102 910 10,502 SH   SOLE   910 0 0
EMERSON ELECTRIC COM 291011104 3,791 49,505 SH   SOLE   3,791 0 0
EXPEDITORS INTL WASH COM 302130109 213 2,900 SH   SOLE   213 0 0
FARMER BROS. CO. COM 307675108 390 14,800 SH   SOLE   390 0 0
FERRO CORP COM 315405100 381 16,426 SH   SOLE   381 0 0
FLUOR CORPORATION COM 343412102 540 9,300 SH   SOLE   540 0 0
FORD MOTOR COMPANY COM 345370860 257 27,850 SH   SOLE   257 0 0
FRANKLIN ELEC CO INC COM 353514102 973 20,600 SH   SOLE   973 0 0
GAP INC COM 364760108 1,267 43,950 SH   SOLE   1,267 0 0
GENERAL MILLS INC COM 370334104 1,313 30,615 SH   SOLE   1,313 0 0
GENUINE PARTS CO COM COM 372460105 592 5,960 SH   SOLE   592 0 0
GOODYEAR TIRE & RUBBER COM 382550101 1,234 52,800 SH   SOLE   1,234 0 0
GORMAN-RUPP CO COM COM 383082104 2,337 64,028 SH   SOLE   2,337 0 0
GRAINGER WW INC COM 384802104 8,378 23,441 SH   SOLE   8,378 0 0
HALLIBURTON COMPANY COM 406216101 353 8,733 SH   SOLE   353 0 0
HECLA MINING COM 422704106 34 12,500 SH   SOLE   34 0 0
HELMERICH & PAYNE INC COM 423452101 1,024 14,900 SH   SOLE   1,024 0 0
HERSHEY FOODS CORP COM 427866108 3,913 38,370 SH   SOLE   3,913 0 0
HOLLYFRONTIER CORP COM COM 435758305 346 4,956 SH   SOLE   346 0 0
HOME DEPOT INC COM 437076102 1,785 8,618 SH   SOLE   1,785 0 0
HONEYWELL INC. COM 438516106 1,655 9,947 SH   SOLE   1,655 0 0
HUNTINGTON BANCSHARES INC COM 446150104 368 24,726 SH   SOLE   368 0 0
IAMGOLD CORPORATION COM 450913108 61 16,760 SH   SOLE   61 0 0
INTEL COM 458140100 543 11,488 SH   SOLE   543 0 0
INTL BUSINESS MACHINES COM 459200101 391 2,586 SH   SOLE   391 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,846 27,651 SH   SOLE   3,846 0 0
INTERNATIONAL PAPER CO COM 460146103 416 8,475 SH   SOLE   416 0 0
INTEVAC INC COM 461148108 119 23,000 SH   SOLE   119 0 0
JOHNSON & JOHNSON COM 478160104 4,175 30,223 SH   SOLE   4,175 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 543 4,800 SH   SOLE   543 0 0
KELLOGG COMPANY COM 487836108 207 2,960 SH   SOLE   207 0 0
KEYCORP COM 493267108 317 15,966 SH   SOLE   317 0 0
KIMBERLY-CLARK CORP COM 494368103 2,599 22,877 SH   SOLE   2,599 0 0
KINROSS GOLD CORP NEW COM 496902404 107 39,773 SH   SOLE   107 0 0
KIRBY CORP COM 497266106 1,727 21,001 SH   SOLE   1,727 0 0
LAUDER ESTEE CORP CL A COM 518439104 2,095 14,422 SH   SOLE   2,095 0 0
LOWES COMPANIES INC COM 548661107 1,412 12,304 SH   SOLE   1,412 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,569 14,750 SH   SOLE   1,569 0 0
MARATHON OIL CO. COM 565849106 381 16,380 SH   SOLE   381 0 0
MC CORMICK & CO NEW VT COM 579780206 2,828 21,465 SH   SOLE   2,828 0 0
MEREDITH CORP. COM 589433101 382 7,500 SH   SOLE   382 0 0
MICROSOFT CORP COM 594918104 3,214 28,106 SH   SOLE   3,214 0 0
MIDDLEBY CORP THE COM 596278101 2,606 20,150 SH   SOLE   2,606 0 0
MUELLER WATER PRODUCTS COM 624758108 218 19,000 SH   SOLE   218 0 0
MURPHY OIL CORP COM 626717102 1,045 31,370 SH   SOLE   1,045 0 0
MURPHY USA INC. COM 626755102 742 8,693 SH   SOLE   742 0 0
NEENAH PAPER INC COM 640079109 1,801 20,876 SH   SOLE   1,801 0 0
NEWMONT MINING COM 651639106 846 28,026 SH   SOLE   846 0 0
NOBLE ENERGY INC. COM 655044105 441 14,166 SH   SOLE   441 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,887 10,455 SH   SOLE   1,887 0 0
NO EUROPEAN OIL TR COM 659310106 243 32,400 SH   SOLE   243 0 0
NORTHERN TRUST CORP COM 665859104 1,397 13,683 SH   SOLE   1,397 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 215 17,300 SH   SOLE   215 0 0
OCCIDENTAL PETE CORP COM 674599105 321 3,918 SH   SOLE   321 0 0
OLIN CORP NEW COM 680665205 1,529 59,575 SH   SOLE   1,529 0 0
ONEOK, INC COM 682680103 1,315 19,399 SH   SOLE   1,315 0 0
PNC BANK CORP COM 693475105 292 2,146 SH   SOLE   292 0 0
PACCAR INC COM 693718108 388 5,700 SH   SOLE   388 0 0
PARK NATIONAL CORP COM 700658107 216 2,050 SH   SOLE   216 0 0
PARKER-HANNIFIN CORP COM 701094104 790 4,300 SH   SOLE   790 0 0
PEPSICO INCORPORATED COM 713448108 3,810 34,087 SH   SOLE   3,810 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 158 19,900 SH   SOLE   158 0 0
PFIZER INC COM 717081103 663 15,049 SH   SOLE   663 0 0
PHILLIPS 66 COM COM 718546104 662 5,881 SH   SOLE   662 0 0
PIONEER NATURAL RES CO COM 723787107 243 1,400 SH   SOLE   243 0 0
RALPH LAUREN CORP. COM 731572103 247 1,800 SH   SOLE   247 0 0
ROWAN COMPANIES COM 779382100 1,882 99,969 SH   SOLE   1,882 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 294 4,316 SH   SOLE   294 0 0
SCHLUMBERGER LTD F COM 806857108 859 14,103 SH   SOLE   859 0 0
THE CHARLES SCHWAB CORP COM 808513105 216 4,400 SH   SOLE   216 0 0
SHERWIN WILLIAMS CO COM 824348106 500 1,100 SH   SOLE   500 0 0
SONOCO PRODUCTS INC COM 835495102 2,367 42,653 SH   SOLE   2,367 0 0
STANLEY BLACK & DECKER INC. COM 854502101 994 6,790 SH   SOLE   994 0 0
STARBUCKS CORP COM 855244109 5,449 95,869 SH   SOLE   5,449 0 0
STEEL DYNAMICS INC COM 858119100 307 6,800 SH   SOLE   307 0 0
STEIN MART INC COM 858375108 25 10,800 SH   SOLE   25 0 0
STERIS PLC COM 859152100 1,507 13,176 SH   SOLE   1,507 0 0
STRYKER CORP COM 863667101 959 5,400 SH   SOLE   959 0 0
SYSCO CORP. COM 871829107 4,031 55,031 SH   SOLE   4,031 0 0
TEXAS INSTRUMENTS INC COM 882508104 3,924 36,576 SH   SOLE   3,924 0 0
TIMKEN COMPANY COM 887389104 1,231 24,700 SH   SOLE   1,231 0 0
TIMKENSTEEL CORP COM COM 887399103 166 11,200 SH   SOLE   166 0 0
TRACTOR SUPPLY COMPANY COM 892356106 3,768 41,465 SH   SOLE   3,768 0 0
US BANCORP DEL COM 902973304 295 5,600 SH   SOLE   295 0 0
UNION PACIFIC CORP COM 907818108 3,248 19,951 SH   SOLE   3,248 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,047 7,490 SH   SOLE   1,047 0 0
WELLS FARGO & CO NEW COM 949746101 472 8,992 SH   SOLE   472 0 0
XEROX CORP COM 984121103 311 11,558 SH   SOLE   311 0 0
ZIONS BANCORPORATION COM COM 989701107 270 5,400 SH   SOLE   270 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 730 11,676 SH   SOLE   730 0 0
ABBVIE INC COM COM 00287Y109 3,327 35,180 SH   SOLE   3,327 0 0
ADVANSIX INC COM COM 00773T101 2,521 74,276 SH   SOLE   2,521 0 0
AGILENT TECHNOLOGIES COM 00846U101 3,188 45,201 SH   SOLE   3,188 0 0
ALLEGHENY TECH INC COM 01741R102 874 29,600 SH   SOLE   874 0 0
ANDEAVOR COM COM 03349M105 1,151 7,500 SH   SOLE   1,151 0 0
APPLIED INDL. TECH. COM 03820C105 1,815 23,200 SH   SOLE   1,815 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 1,027 23,236 SH   SOLE   1,027 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,938 29,850 SH   SOLE   3,938 0 0
CONOCOPHILLIPS COM 20825C104 1,355 17,512 SH   SOLE   1,355 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,395 5,941 SH   SOLE   1,395 0 0
DENNYS CORP COM 24869P104 331 22,500 SH   SOLE   331 0 0
DIAMOND OFFSHR DRILLING COM 25271C102 201 10,066 SH   SOLE   201 0 0
DOMINION RESOURCES INC. COM 25746U109 780 11,100 SH   SOLE   780 0 0
DOWDUPONT INC COM COM 26078J100 935 14,548 SH   SOLE   935 0 0
DUKE ENERGY CORPORATION COM 26441C105 708 8,857 SH   SOLE   708 0 0
ENBRIDGE INC. COM 29250N105 655 20,290 SH   SOLE   655 0 0
ENERGEN CORP COM 29265N108 327 3,800 SH   SOLE   327 0 0
EXXON MOBIL CORP COM 30231G102 5,367 63,126 SH   SOLE   5,367 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,436 22,342 SH   SOLE   2,436 0 0
GOLDEN STAR RES LTD CDAF COM 38119T104 7 10,000 SH   SOLE   7 0 0
GOOGLE INC. COM 38259P508 630 522 SH   SOLE   630 0 0
HESS CORPORATION COM 42809H107 293 4,100 SH   SOLE   293 0 0
INGEVITY CORP COM COM 45688C107 841 8,260 SH   SOLE   841 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 449 6,000 SH   SOLE   449 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 1,686 25,449 SH   SOLE   1,686 0 0
MARATHON PETE CORP COM COM 56585A102 697 8,726 SH   SOLE   697 0 0
MASTERCARD INC COM 57636Q104 6,162 27,681 SH   SOLE   6,162 0 0
MATSON INC COM COM 57686G105 229 5,800 SH   SOLE   229 0 0
MERCK & CO INC COM 58933Y105 757 10,672 SH   SOLE   757 0 0
METLIFE INC COM 59156R108 1,120 23,982 SH   SOLE   1,120 0 0
NEXTERA ENERGY INC COM 65339F101 239 1,430 SH   SOLE   239 0 0
NUTRIEN LTD CO COM COM 67077M108 476 8,260 SH   SOLE   476 0 0
ONE GAS INC COM COM 68235P108 393 4,783 SH   SOLE   393 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 431 9,100 SH   SOLE   431 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 127 10,575 SH   SOLE   127 0 0
PRAXAIR INC. COM 74005P104 5,576 34,692 SH   SOLE   5,576 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 226 12,369 SH   SOLE   226 0 0
SOLITARIO EXPLORATION COM 8342EP107 71 203,000 SH   SOLE   71 0 0
SPIRE COM 84857L101 1,022 13,900 SH   SOLE   1,022 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 626 11,850 SH   SOLE   626 0 0
3M COMPANY COM 88579Y101 1,924 9,135 SH   SOLE   1,924 0 0
21ST CENT FOX Cl A COM 90130A101 833 18,000 SH   SOLE   833 0 0
TWENTY FIRST CENTURY FOX INC CLASS B COM COM 90130A200 247 5,400 SH   SOLE   247 0 0
VALERO ENERGY COM 91913Y100 2,439 21,450 SH   SOLE   2,439 0 0
VALVOLINE INC. COM 92047W101 286 13,301 SH   SOLE   286 0 0
VERIZON COMM COM 92343V104 874 16,384 SH   SOLE   874 0 0
VERSUM MATLS INC COM COM 92532W103 2,199 61,090 SH   SOLE   2,199 0 0
WESTROCK CO COM COM 96145D105 2,491 46,627 SH   SOLE   2,491 0 0
YAMANA GOLD INC COM 98462Y100 27 11,000 SH   SOLE   27 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 679 7,501 SH   SOLE   679 0 0
BUNGE COM G16962105 2,029 29,542 SH   SOLE   2,029 0 0
INGERSOLL-RAND COMPANY COM G47791101 2,555 24,985 SH   SOLE   2,555 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 364 26,122 SH   SOLE   364 0 0
CONDUENT INC COM COM 206787103 207 9,206 SH   SOLE   207 0 0
CONNECTICUT WTR SVCS INC COM 207410101 208 3,000 SH   SOLE   208 0 0
CRANE COMPANY COM 224399105 226 2,300 SH   SOLE   226 0 0
IMPERIAL OIL LTD COM 453038408 246 7,601 SH   SOLE   246 0 0
LILLY ELI & COMPANY COM 532457108 236 2,203 SH   SOLE   236 0 0
OWENS ILLINOIS INC NEW COM 690768403 614 32,700 SH   SOLE   614 0 0
QUAKER CHEMICAL CORP COM 747316107 202 1,000 SH   SOLE   202 0 0
APERGY CORPORATION COM COM 03755L104 222 5,112 SH   SOLE   222 0 0
NETAPP INC. COM 64110D104 214 2,500 SH   SOLE   214 0 0