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
AGILENT TECHNOLOGIES COM 00846U101 3,059 45,351 SH   SOLE   3,059 0 0
APPLE, INC COM 037833100 1,752 11,111 SH   SOLE   1,752 0 0
ABBVIE INC COM COM 00287Y109 3,178 34,480 SH   SOLE   3,178 0 0
ABBOTT LABORATORIES COM 002824100 2,674 36,972 SH   SOLE   2,674 0 0
BARRICK GOLD COM 067901108 139 10,281 SH   SOLE   139 0 0
ANALOG DEVICES INC COM 032654105 1,080 12,584 SH   SOLE   1,080 0 0
AUTO DATA PROCESSING COM 053015103 4,028 30,724 SH   SOLE   4,028 0 0
AGNICO-EAGLE MINES LTD COM 008474108 250 6,200 SH   SOLE   250 0 0
AMER ELECTRIC PWR CO INC COM 025537101 322 4,320 SH   SOLE   322 0 0
ALAMOS GOLD INC. COM 011532108 211 58,862 SH   SOLE   211 0 0
ALBANY INT'L CORP. COM 012348108 1,398 22,400 SH   SOLE   1,398 0 0
APPLIED INDL. TECH. COM 03820C105 1,229 22,800 SH   SOLE   1,229 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 288 8,200 SH   SOLE   288 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 589 7,401 SH   SOLE   589 0 0
APPLIED MATERIALS INC COM 038222105 692 21,150 SH   SOLE   692 0 0
AMGEN INC COM 031162100 327 1,680 SH   SOLE   327 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 580 11,850 SH   SOLE   580 0 0
ANADARKO PETROLEUM CORP COM 032511107 222 5,081 SH   SOLE   222 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 3,955 24,717 SH   SOLE   3,955 0 0
ARTESIAN RES CORP CLA COM 043113208 387 11,100 SH   SOLE   387 0 0
ASHLAND INC COM 044209104 227 3,200 SH   SOLE   227 0 0
ADVANSIX INC COM COM 00773T101 1,783 73,276 SH   SOLE   1,783 0 0
ALLEGHENY TECH INC COM 01741R102 631 29,000 SH   SOLE   631 0 0
ATMOS ENERGY CORP COM 049560105 1,189 12,826 SH   SOLE   1,189 0 0
ANGLOGOLD LTD COM 035128206 262 20,940 SH   SOLE   262 0 0
YAMANA GOLD INC COM 98462Y100 25 11,000 SH   SOLE   25 0 0
AVNET INC COM 053807103 1,351 37,425 SH   SOLE   1,351 0 0
AVERY DENNISON CORP COM 053611109 242 2,700 SH   SOLE   242 0 0
AMERICAN STATES WATER CO COM 029899101 475 7,100 SH   SOLE   475 0 0
AMERICAN EXPRESS CO. COM 025816109 1,178 12,360 SH   SOLE   1,178 0 0
ASTRAZENECA PLC ADR COM 046353108 300 7,900 SH   SOLE   300 0 0
BECTON DICKINSON & CO COM 075887109 256 1,140 SH   SOLE   256 0 0
BROWN FORMAN CORP CL B COM 115637209 2,587 54,374 SH   SOLE   2,587 0 0
BUNGE COM G16962105 1,543 28,892 SH   SOLE   1,543 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 665 21,836 SH   SOLE   665 0 0
BANK OF NEW YORK CO INC COM 064058100 644 13,700 SH   SOLE   644 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 947 18,233 SH   SOLE   947 0 0
BP PLC COM 055622104 353 9,320 SH   SOLE   353 0 0
BROADRIDGE FINANCIAL COM 11133T103 2,779 28,875 SH   SOLE   2,779 0 0
BANCORP SOUTH CM COM 059692103 248 9,500 SH   SOLE   248 0 0
CASEYS GENERAL STORES INC COM 147528103 1,532 11,960 SH   SOLE   1,532 0 0
CATERPILLAR INC COM 149123101 1,074 8,453 SH   SOLE   1,074 0 0
CHUBB CORPORATION COM 171232101 896 6,942 SH   SOLE   896 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 550 11,502 SH   SOLE   550 0 0
CELANESE CORP. COM 150870103 1,142 12,700 SH   SOLE   1,142 0 0
CULLEN FROST BANKERS COM 229899109 272 3,100 SH   SOLE   272 0 0
COMERICA INC. COM 200340107 301 4,393 SH   SOLE   301 0 0
CONOCOPHILLIPS COM 20825C104 1,071 17,187 SH   SOLE   1,071 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,230 6,041 SH   SOLE   1,230 0 0
CAMPBELL SOUP COMPANY COM 134429109 329 10,000 SH   SOLE   329 0 0
CHESAPEAKE UTIL CORP COM 165303108 1,979 24,351 SH   SOLE   1,979 0 0
CREE INC COM 225447101 526 12,300 SH   SOLE   526 0 0
CSX CORP COM 126408103 615 9,900 SH   SOLE   615 0 0
CINTAS CORP COM 172908105 1,218 7,251 SH   SOLE   1,218 0 0
CONNECTICUT WTR SVCS INC COM 207410101 200 3,000 SH   SOLE   200 0 0
CALAVO GROWERS INC COM 128246105 715 9,800 SH   SOLE   715 0 0
CHEVRONTEXACO CORP COM 166764100 3,714 34,141 SH   SOLE   3,714 0 0
DOMINION RESOURCES INC. COM 25746U109 828 11,600 SH   SOLE   828 0 0
DEERE & CO COM 244199105 1,678 11,250 SH   SOLE   1,678 0 0
DENNYS CORP COM 24869P104 364 22,500 SH   SOLE   364 0 0
DISNEY WALT HOLDING CO COM 254687106 2,069 18,873 SH   SOLE   2,069 0 0
DOVER CORPORATION COM 260003108 668 9,425 SH   SOLE   668 0 0
DARDEN RESTURANTS INC COM 237194105 2,112 21,150 SH   SOLE   2,112 0 0
DUKE ENERGY CORPORATION COM 26441C105 764 8,857 SH   SOLE   764 0 0
DOWDUPONT INC COM COM 26078J100 853 15,962 SH   SOLE   853 0 0
LAUDER ESTEE CORP CL A COM 518439104 1,850 14,222 SH   SOLE   1,850 0 0
EMERSON ELECTRIC COM 291011104 2,934 49,105 SH   SOLE   2,934 0 0
ENBRIDGE INC. COM 29250N105 652 21,003 SH   SOLE   652 0 0
ENSCO INTERNATIONAL INC COM G3157S106 59 16,700 SH   SOLE   59 0 0
EATON CORPORATION COM 278058102 1,340 19,529 SH   SOLE   1,340 0 0
FORD MOTOR COMPANY COM 345370860 203 26,650 SH   SOLE   203 0 0
DIAMONDBACK ENERGY COM 25278X109 202 2,187 SH   SOLE   202 0 0
FARMER BROS. CO. COM 307675108 328 14,100 SH   SOLE   328 0 0
FRANKLIN ELEC CO INC COM 353514102 866 20,200 SH   SOLE   866 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,239 21,840 SH   SOLE   2,239 0 0
FLUOR CORPORATION COM 343412102 315 9,800 SH   SOLE   315 0 0
FERRO CORP COM 315405100 257 16,426 SH   SOLE   257 0 0
TWENTY FIRST CENTURY FOX INC CLASS B COM COM 90130A200 258 5,400 SH   SOLE   258 0 0
21ST CENT FOX Cl A COM 90130A101 832 17,300 SH   SOLE   832 0 0
GENERAL MILLS INC COM 370334104 1,195 30,690 SH   SOLE   1,195 0 0
CORNING INC. COM 219350105 783 25,925 SH   SOLE   783 0 0
GENUINE PARTS CO COM COM 372460105 572 5,960 SH   SOLE   572 0 0
GAP INC COM 364760108 1,152 44,750 SH   SOLE   1,152 0 0
GORMAN-RUPP CO COM COM 383082104 2,053 63,372 SH   SOLE   2,053 0 0
GOODYEAR TIRE & RUBBER COM 382550101 1,353 66,340 SH   SOLE   1,353 0 0
GRAINGER WW INC COM 384802104 6,433 22,786 SH   SOLE   6,433 0 0
HALLIBURTON COMPANY COM 406216101 243 9,161 SH   SOLE   243 0 0
HUNTINGTON BANCSHARES INC COM 446150104 282 23,726 SH   SOLE   282 0 0
HOME DEPOT INC COM 437076102 1,480 8,618 SH   SOLE   1,480 0 0
HESS CORPORATION COM 42809H107 206 5,100 SH   SOLE   206 0 0
HOLLYFRONTIER CORP COM COM 435758305 253 4,956 SH   SOLE   253 0 0
HECLA MINING COM 422704106 29 12,500 SH   SOLE   29 0 0
HONEYWELL INC. COM 438516106 1,314 9,947 SH   SOLE   1,314 0 0
HELMERICH & PAYNE INC COM 423452101 719 15,000 SH   SOLE   719 0 0
HERSHEY FOODS CORP COM 427866108 4,016 37,470 SH   SOLE   4,016 0 0
IAMGOLD CORPORATION COM 450913108 61 16,760 SH   SOLE   61 0 0
INTL BUSINESS MACHINES COM 459200101 293 2,586 SH   SOLE   293 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 451 6,000 SH   SOLE   451 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,632 27,051 SH   SOLE   3,632 0 0
INTEL COM 458140100 532 11,338 SH   SOLE   532 0 0
INTERNATIONAL PAPER CO COM 460146103 329 8,175 SH   SOLE   329 0 0
INGERSOLL-RAND COMPANY COM G47791101 2,226 24,410 SH   SOLE   2,226 0 0
INTEVAC INC COM 461148108 101 19,400 SH   SOLE   101 0 0
JOHNSON & JOHNSON COM 478160104 3,822 29,623 SH   SOLE   3,822 0 0
KIRBY CORP COM 497266106 1,564 23,233 SH   SOLE   1,564 0 0
KEYCORP COM 493267108 238 16,166 SH   SOLE   238 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 1,584 25,524 SH   SOLE   1,584 0 0
KINROSS GOLD CORP NEW COM 496902404 128 39,773 SH   SOLE   128 0 0
KIMBERLY-CLARK CORP COM 494368103 2,566 22,527 SH   SOLE   2,566 0 0
COCA-COLA COMPANY COM 191216100 1,525 32,228 SH   SOLE   1,525 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 458 4,800 SH   SOLE   458 0 0
LINDE PLC COM COM G5494J103 5,251 33,652 SH   SOLE   5,251 0 0
LILLY ELI & COMPANY COM 532457108 254 2,203 SH   SOLE   254 0 0
LOWES COMPANIES INC COM 548661107 1,136 12,304 SH   SOLE   1,136 0 0
MASTERCARD INC COM 57636Q104 5,193 27,531 SH   SOLE   5,193 0 0
MATSON INC COM COM 57686G105 201 6,300 SH   SOLE   201 0 0
MEREDITH CORP. COM 589433101 389 7,500 SH   SOLE   389 0 0
METLIFE INC COM 59156R108 931 22,682 SH   SOLE   931 0 0
MIDDLEBY CORP THE COM 596278101 2,108 20,525 SH   SOLE   2,108 0 0
MC CORMICK & CO NEW VT COM 579780206 2,936 21,090 SH   SOLE   2,936 0 0
3M COMPANY COM 88579Y101 1,716 9,010 SH   SOLE   1,716 0 0
MARATHON PETE CORP COM COM 56585A102 1,228 20,819 SH   SOLE   1,228 0 0
MERCK & CO INC COM 58933Y105 784 10,272 SH   SOLE   784 0 0
MARATHON OIL CO. COM 565849106 234 16,380 SH   SOLE   234 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,381 14,650 SH   SOLE   1,381 0 0
MICROSOFT CORP COM 594918104 2,758 27,156 SH   SOLE   2,758 0 0
MURPHY OIL CORP COM 626717102 724 30,970 SH   SOLE   724 0 0
MURPHY USA INC. COM 626755102 658 8,593 SH   SOLE   658 0 0
MUELLER WATER PRODUCTS COM 624758108 172 19,000 SH   SOLE   172 0 0
NOBLE ENERGY INC. COM 655044105 246 13,150 SH   SOLE   246 0 0
NABORS INDUSTRIES INC COM G6359F103 22 11,100 SH   SOLE   22 0 0
NEXTERA ENERGY INC COM 65339F101 248 1,430 SH   SOLE   248 0 0
NEWMONT MINING COM 651639106 964 27,826 SH   SOLE   964 0 0
INGEVITY CORP COM COM 45688C107 726 8,679 SH   SOLE   726 0 0
NEENAH PAPER INC COM 640079109 1,218 20,676 SH   SOLE   1,218 0 0
NO EUROPEAN OIL TR COM 659310106 187 32,300 SH   SOLE   187 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,548 10,355 SH   SOLE   1,548 0 0
NUTRIEN LTD CO COM COM 67077M108 374 7,960 SH   SOLE   374 0 0
NORTHERN TRUST CORP COM 665859104 1,135 13,583 SH   SOLE   1,135 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 263 21,300 SH   SOLE   263 0 0
ONE GAS INC COM COM 68235P108 366 4,608 SH   SOLE   366 0 0
OWENS ILLINOIS INC NEW COM 690768403 1,030 59,800 SH   SOLE   1,030 0 0
ONEOK, INC COM 682680103 1,006 18,649 SH   SOLE   1,006 0 0
OLIN CORP NEW COM 680665205 1,230 61,175 SH   SOLE   1,230 0 0
OCCIDENTAL PETE CORP COM 674599105 240 3,918 SH   SOLE   240 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 374 9,300 SH   SOLE   374 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 137 10,575 SH   SOLE   137 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 117 19,900 SH   SOLE   117 0 0
PACCAR INC COM 693718108 325 5,700 SH   SOLE   325 0 0
PDL BIOPHARMA INC COM 69329Y104 29 10,300 SH   SOLE   29 0 0
PEPSICO INCORPORATED COM 713448108 3,716 33,637 SH   SOLE   3,716 0 0
PFIZER INC COM 717081103 630 14,449 SH   SOLE   630 0 0
PARKER-HANNIFIN CORP COM 701094104 1,178 7,900 SH   SOLE   1,178 0 0
PNC BANK CORP COM 693475105 246 2,110 SH   SOLE   246 0 0
PHILLIPS 66 COM COM 718546104 493 5,731 SH   SOLE   493 0 0
ROWAN COMPANIES COM 779382100 764 91,129 SH   SOLE   764 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 251 4,316 SH   SOLE   251 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 170 12,769 SH   SOLE   170 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 181 26,183 SH   SOLE   181 0 0
STARBUCKS CORP COM 855244109 6,079 94,399 SH   SOLE   6,079 0 0
SHERWIN WILLIAMS CO COM 824348106 432 1,100 SH   SOLE   432 0 0
SCHLUMBERGER LTD F COM 806857108 513 14,230 SH   SOLE   513 0 0
STEIN MART INC COM 858375108 11 10,800 SH   SOLE   11 0 0
SONOCO PRODUCTS INC COM 835495102 2,250 42,353 SH   SOLE   2,250 0 0
SPIRE COM 84857L101 1,029 13,900 SH   SOLE   1,029 0 0
STERIS PLC COM 859152100 1,402 13,126 SH   SOLE   1,402 0 0
STANLEY BLACK & DECKER INC. COM 854502101 813 6,790 SH   SOLE   813 0 0
STRYKER CORP COM 863667101 877 5,600 SH   SOLE   877 0 0
SYSCO CORP. COM 871829107 3,344 53,371 SH   SOLE   3,344 0 0
TIMKEN COMPANY COM 887389104 944 25,300 SH   SOLE   944 0 0
TIMKENSTEEL CORP COM COM 887399103 100 11,500 SH   SOLE   100 0 0
TRACTOR SUPPLY COMPANY COM 892356106 3,457 41,440 SH   SOLE   3,457 0 0
TEXAS INSTRUMENTS INC COM 882508104 3,451 36,526 SH   SOLE   3,451 0 0
UNION PACIFIC CORP COM 907818108 2,667 19,301 SH   SOLE   2,667 0 0
US BANCORP DEL COM 902973304 255 5,600 SH   SOLE   255 0 0
UNITED TECHNOLOGIES CORP COM 913017109 810 7,615 SH   SOLE   810 0 0
VALERO ENERGY COM 91913Y100 1,548 20,650 SH   SOLE   1,548 0 0
VERSUM MATLS INC COM COM 92532W103 1,662 59,990 SH   SOLE   1,662 0 0
VALVOLINE INC. COM 92047W101 257 13,301 SH   SOLE   257 0 0
VERIZON COMM COM 92343V104 939 16,718 SH   SOLE   939 0 0
WELLS FARGO & CO NEW COM 949746101 412 8,942 SH   SOLE   412 0 0
WESTROCK CO COM COM 96145D105 1,841 48,771 SH   SOLE   1,841 0 0
EXXON MOBIL CORP COM 30231G102 4,236 62,121 SH   SOLE   4,236 0 0
SOLITARIO EXPLORATION COM 8342EP107 47 203,000 SH   SOLE   47 0 0
XEROX CORP COM 984121103 226 11,458 SH   SOLE   226 0 0
ZIONS BANCORPORATION COM COM 989701107 215 5,300 SH   SOLE   215 0 0