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 7,385 88,099 SH   SOLE   7,385 0 0
MASTERCARD INC COM 57636Q104 7,031 26,581 SH   SOLE   7,031 0 0
LINDE PLC COM COM G5494J103 6,561 32,677 SH   SOLE   6,561 0 0
GRAINGER WW INC COM 384802104 5,934 22,124 SH   SOLE   5,934 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 5,428 23,980 SH   SOLE   5,428 0 0
AUTO DATA PROCESSING COM 053015103 4,885 29,549 SH   SOLE   4,885 0 0
HERSHEY FOODS CORP COM 427866108 4,839 36,105 SH   SOLE   4,839 0 0
EXXON MOBIL CORP COM 30231G102 4,714 61,520 SH   SOLE   4,714 0 0
TRACTOR SUPPLY COMPANY COM 892356106 4,437 40,790 SH   SOLE   4,437 0 0
PEPSICO INCORPORATED COM 713448108 4,331 33,035 SH   SOLE   4,331 0 0
CHEVRONTEXACO CORP COM 166764100 4,229 33,990 SH   SOLE   4,229 0 0
JOHNSON & JOHNSON COM 478160104 4,059 29,148 SH   SOLE   4,059 0 0
TEXAS INSTRUMENTS INC COM 882508104 4,035 35,164 SH   SOLE   4,035 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,799 26,189 SH   SOLE   3,799 0 0
SYSCO CORP. COM 871829107 3,586 50,711 SH   SOLE   3,586 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,530 27,650 SH   SOLE   3,530 0 0
DISNEY WALT HOLDING CO COM 254687106 3,501 25,072 SH   SOLE   3,501 0 0
MICROSOFT CORP COM 594918104 3,436 25,656 SH   SOLE   3,436 0 0
MC CORMICK & CO NEW VT COM 579780206 3,327 21,465 SH   SOLE   3,327 0 0
AGILENT TECHNOLOGIES COM 00846U101 3,325 44,539 SH   SOLE   3,325 0 0
EMERSON ELECTRIC COM 291011104 3,267 48,980 SH   SOLE   3,267 0 0
UNION PACIFIC CORP COM 907818108 3,094 18,301 SH   SOLE   3,094 0 0
INGERSOLL-RAND COMPANY COM G47791101 3,020 23,844 SH   SOLE   3,020 0 0
ABBOTT LABORATORIES COM 002824100 3,006 35,747 SH   SOLE   3,006 0 0
BROWN FORMAN CORP CL B COM 115637209 2,974 53,663 SH   SOLE   2,974 0 0
KIMBERLY-CLARK CORP COM 494368103 2,925 21,952 SH   SOLE   2,925 0 0
VERSUM MATLS INC COM COM 92532W103 2,819 54,665 SH   SOLE   2,819 0 0
SONOCO PRODUCTS INC COM 835495102 2,693 41,225 SH   SOLE   2,693 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,692 21,948 SH   SOLE   2,692 0 0
MIDDLEBY CORP THE COM 596278101 2,656 19,575 SH   SOLE   2,656 0 0
LAUDER ESTEE CORP CL A COM 518439104 2,558 13,972 SH   SOLE   2,558 0 0
DARDEN RESTURANTS INC COM 237194105 2,440 20,050 SH   SOLE   2,440 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 2,264 25,218 SH   SOLE   2,264 0 0
ABBVIE INC COM COM 00287Y109 2,259 31,065 SH   SOLE   2,259 0 0
CHESAPEAKE UTIL CORP COM 165303108 2,253 23,714 SH   SOLE   2,253 0 0
APPLE, INC COM 037833100 2,175 10,994 SH   SOLE   2,175 0 0
DOW CHEMICAL COM 260557103 2,148 43,567 SH   SOLE   2,148 0 0
GORMAN-RUPP CO COM COM 383082104 2,051 62,492 SH   SOLE   2,051 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,999 10,030 SH   SOLE   1,999 0 0
STERIS PLC COM 859152100 1,954 13,126 SH   SOLE   1,954 0 0
ALBANY INT'L CORP. COM 012348108 1,940 23,400 SH   SOLE   1,940 0 0
CASEYS GENERAL STORES INC COM 147528103 1,841 11,805 SH   SOLE   1,841 0 0
DEERE & CO COM 244199105 1,824 11,013 SH   SOLE   1,824 0 0
WESTROCK CO COM COM 96145D105 1,775 48,681 SH   SOLE   1,775 0 0
CINTAS CORP COM 172908105 1,744 7,351 SH   SOLE   1,744 0 0
ADVANSIX INC COM COM 00773T101 1,735 71,026 SH   SOLE   1,735 0 0
HONEYWELL INC. COM 438516106 1,719 9,847 SH   SOLE   1,719 0 0
HOME DEPOT INC COM 437076102 1,715 8,248 SH   SOLE   1,715 0 0
VALERO ENERGY COM 91913Y100 1,657 19,363 SH   SOLE   1,657 0 0
EATON CORPORATION COM 278058102 1,634 19,621 SH   SOLE   1,634 0 0
AVNET INC COM 053807103 1,627 35,950 SH   SOLE   1,627 0 0
COCA-COLA COMPANY COM 191216100 1,605 31,528 SH   SOLE   1,605 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,586 15,050 SH   SOLE   1,586 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,583 5,991 SH   SOLE   1,583 0 0
3M COMPANY COM 88579Y101 1,574 9,085 SH   SOLE   1,574 0 0
GENERAL MILLS INC COM 370334104 1,559 29,690 SH   SOLE   1,559 0 0
BUNGE COM G16962105 1,526 27,404 SH   SOLE   1,526 0 0
AMERICAN EXPRESS CO. COM 025816109 1,475 11,950 SH   SOLE   1,475 0 0
KIRBY CORP COM 497266106 1,429 18,096 SH   SOLE   1,429 0 0
APPLIED INDL. TECH. COM 03820C105 1,421 23,100 SH   SOLE   1,421 0 0
ANALOG DEVICES INC COM 032654105 1,409 12,484 SH   SOLE   1,409 0 0
CELANESE CORP. COM 150870103 1,401 13,000 SH   SOLE   1,401 0 0
OLIN CORP NEW COM 680665205 1,378 62,900 SH   SOLE   1,378 0 0
NEENAH PAPER INC COM 640079109 1,356 20,076 SH   SOLE   1,356 0 0
ATMOS ENERGY CORP COM 049560105 1,311 12,426 SH   SOLE   1,311 0 0
PHILLIPS 66 COM COM 718546104 1,295 13,850 SH   SOLE   1,295 0 0
PARKER-HANNIFIN CORP COM 701094104 1,292 7,600 SH   SOLE   1,292 0 0
ONEOK, INC COM 682680103 1,251 18,187 SH   SOLE   1,251 0 0
TIMKEN COMPANY COM 887389104 1,242 24,200 SH   SOLE   1,242 0 0
LOWES COMPANIES INC COM 548661107 1,231 12,204 SH   SOLE   1,231 0 0
NORTHERN TRUST CORP COM 665859104 1,184 13,158 SH   SOLE   1,184 0 0
NEWMONT GOLDCORP COM 651639106 1,181 30,718 SH   SOLE   1,181 0 0
MARATHON PETE CORP COM COM 56585A102 1,169 20,935 SH   SOLE   1,169 0 0
CATERPILLAR INC COM 149123101 1,138 8,353 SH   SOLE   1,138 0 0
METLIFE INC COM 59156R108 1,121 22,582 SH   SOLE   1,121 0 0
SPIRE COM 84857L101 1,090 13,000 SH   SOLE   1,090 0 0
STRYKER CORP COM 863667101 1,069 5,200 SH   SOLE   1,069 0 0
GOODYEAR TIRE & RUBBER COM 382550101 1,041 68,090 SH   SOLE   1,041 0 0
CONOCOPHILLIPS COM 20825C104 1,028 16,862 SH   SOLE   1,028 0 0
OWENS ILLINOIS INC NEW COM 690768403 1,024 59,350 SH   SOLE   1,024 0 0
CHUBB CORPORATION COM 171232101 1,013 6,882 SH   SOLE   1,013 0 0
STANLEY BLACK & DECKER INC. COM 854502101 996 6,890 SH   SOLE   996 0 0
DOMINION RESOURCES INC. COM 25746U109 975 12,620 SH   SOLE   975 0 0
UNITED TECHNOLOGIES CORP COM 913017109 957 7,357 SH   SOLE   957 0 0
APPLIED MATERIALS INC COM 038222105 945 21,050 SH   SOLE   945 0 0
VERIZON COMM COM 92343V104 943 16,518 SH   SOLE   943 0 0
FRANKLIN ELEC CO INC COM 353514102 940 19,800 SH   SOLE   940 0 0
CALAVO GROWERS INC COM 128246105 938 9,700 SH   SOLE   938 0 0
INGEVITY CORP COM COM 45688C107 938 8,922 SH   SOLE   938 0 0
DOVER CORPORATION COM 260003108 920 9,188 SH   SOLE   920 0 0
CORNING INC. COM 219350105 844 25,425 SH   SOLE   844 0 0
MARATHON OIL CO. COM 565849106 840 59,125 SH   SOLE   840 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 837 7,573 SH   SOLE   837 0 0
MERCK & CO INC COM 58933Y105 831 9,922 SH   SOLE   831 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 815 17,983 SH   SOLE   815 0 0
CSX CORP COM 126408103 765 9,900 SH   SOLE   765 0 0
GAP INC COM 364760108 762 42,450 SH   SOLE   762 0 0
HELMERICH & PAYNE INC COM 423452101 759 15,000 SH   SOLE   759 0 0
DUKE ENERGY CORPORATION COM 26441C105 758 8,593 SH   SOLE   758 0 0
MURPHY OIL CORP COM 626717102 751 30,470 SH   SOLE   751 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 740 20,186 SH   SOLE   740 0 0
ENBRIDGE INC. COM 29250N105 732 20,297 SH   SOLE   732 0 0
ALLEGHENY TECH INC COM 01741R102 725 28,800 SH   SOLE   725 0 0
MURPHY USA INC. COM 626755102 722 8,593 SH   SOLE   722 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 710 9,464 SH   SOLE   710 0 0
BANK OF NEW YORK CO INC COM 064058100 593 13,450 SH   SOLE   593 0 0
ENSCO INTERNATIONAL INC COM G3157S106 587 68,907 SH   SOLE   587 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 586 11,750 SH   SOLE   586 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 584 4,800 SH   SOLE   584 0 0
PFIZER INC COM 717081103 581 13,419 SH   SOLE   581 0 0
GENUINE PARTS CO COM COM 372460105 565 5,460 SH   SOLE   565 0 0
SCHLUMBERGER LTD F COM 806857108 561 14,130 SH   SOLE   561 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 541 10,955 SH   SOLE   541 0 0
INTEL COM 458140100 528 11,038 SH   SOLE   528 0 0
AMERICAN STATES WATER CO COM 029899101 526 7,000 SH   SOLE   526 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 515 6,000 SH   SOLE   515 0 0
SHERWIN WILLIAMS CO COM 824348106 504 1,100 SH   SOLE   504 0 0
DENNYS CORP COM 24869P104 461 22,500 SH   SOLE   461 0 0
INTL BUSINESS MACHINES COM 459200101 439 3,186 SH   SOLE   439 0 0
MEREDITH CORP. COM 589433101 423 7,700 SH   SOLE   423 0 0
XEROX CORP COM 984121103 419 11,833 SH   SOLE   419 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 416 8,800 SH   SOLE   416 0 0
NUTRIEN LTD CO COM COM 67077M108 409 7,660 SH   SOLE   409 0 0
ANADARKO PETROLEUM CORP COM 032511107 407 5,781 SH   SOLE   407 0 0
ARTESIAN RES CORP CLA COM 043113208 405 10,913 SH   SOLE   405 0 0
ONE GAS INC COM COM 68235P108 402 4,458 SH   SOLE   402 0 0
CAMPBELL SOUP COMPANY COM 134429109 400 10,000 SH   SOLE   400 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 389 8,700 SH   SOLE   389 0 0
BP PLC COM 055622104 388 9,320 SH   SOLE   388 0 0
WELLS FARGO & CO NEW COM 949746101 380 8,042 SH   SOLE   380 0 0
AMER ELECTRIC PWR CO INC COM 025537101 380 4,320 SH   SOLE   380 0 0
PACCAR INC COM 693718108 379 5,300 SH   SOLE   379 0 0
ANGLOGOLD LTD COM 035128206 358 20,138 SH   SOLE   358 0 0
INTERNATIONAL PAPER CO COM 460146103 335 7,738 SH   SOLE   335 0 0
ASTRAZENECA PLC ADR COM 046353108 326 7,900 SH   SOLE   326 0 0
HESS CORPORATION COM 42809H107 324 5,100 SH   SOLE   324 0 0
COMERICA INC. COM 200340107 319 4,393 SH   SOLE   319 0 0
CORTEVA INC COM COM 22052L104 317 10,732 SH   SOLE   317 0 0
HUNTINGTON BANCSHARES INC COM 446150104 313 22,651 SH   SOLE   313 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 305 22,300 SH   SOLE   305 0 0
ALAMOS GOLD INC. COM 011532108 302 50,000 SH   SOLE   302 0 0
AVERY DENNISON CORP COM 053611109 300 2,600 SH   SOLE   300 0 0
FLUOR CORPORATION COM 343412102 296 8,800 SH   SOLE   296 0 0
US BANCORP DEL COM 902973304 293 5,600 SH   SOLE   293 0 0
NEXTERA ENERGY INC COM 65339F101 292 1,430 SH   SOLE   292 0 0
AGNICO-EAGLE MINES LTD COM 008474108 292 5,700 SH   SOLE   292 0 0
CULLEN FROST BANKERS COM 229899109 290 3,100 SH   SOLE   290 0 0
BECTON DICKINSON & CO COM 075887109 287 1,140 SH   SOLE   287 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 280 4,316 SH   SOLE   280 0 0
KEYCORP COM 493267108 277 15,641 SH   SOLE   277 0 0
PNC BANK CORP COM 693475105 275 2,010 SH   SOLE   275 0 0
BANCORP SOUTH CM COM 059692103 275 9,500 SH   SOLE   275 0 0
FORD MOTOR COMPANY COM 345370860 267 26,150 SH   SOLE   267 0 0
NOBLE ENERGY INC. COM 655044105 267 11,925 SH   SOLE   267 0 0
BARRICK GOLD COM 067901108 258 16,409 SH   SOLE   258 0 0
TOTAL SYSTEMS SERVICES COM 891906109 256 2,000 SH   SOLE   256 0 0
ASHLAND INC COM 044209104 255 3,200 SH   SOLE   255 0 0
AMGEN INC COM 031162100 254 1,380 SH   SOLE   254 0 0
FERRO CORP COM 315405100 253 16,026 SH   SOLE   253 0 0
VALVOLINE INC. COM 92047W101 251 12,900 SH   SOLE   251 0 0
DIAMONDBACK ENERGY COM 25278X109 250 2,301 SH   SOLE   250 0 0
LILLY ELI & COMPANY COM 532457108 244 2,203 SH   SOLE   244 0 0
BLACK HILLS CORP COM COM 092113109 239 3,068 SH   SOLE   239 0 0
PAYPAL HOLDINGS INC. COM 70450Y103 238 2,081 SH   SOLE   238 0 0
ZIONS BANCORPORATION COM COM 989701107 234 5,100 SH   SOLE   234 0 0
OCCIDENTAL PETE CORP COM 674599105 232 4,618 SH   SOLE   232 0 0
FARMER BROS. CO. COM 307675108 230 14,100 SH   SOLE   230 0 0
HOLLYFRONTIER CORP COM COM 435758305 229 4,956 SH   SOLE   229 0 0
ZOETIS INC. COM 98978V103 226 2,000 SH   SOLE   226 0 0
EXPEDITORS INTL WASH COM 302130109 219 2,900 SH   SOLE   219 0 0
KEURIG DR PEPPER INC. COM 49271V100 219 7,600 SH   SOLE   219 0 0
NO EUROPEAN OIL TR COM 659310106 219 31,000 SH   SOLE   219 0 0
MARKEL CORP. COM 570535104 217 200 SH   SOLE   217 0 0
PIONEER NATURAL RES CO COM 723787107 215 1,400 SH   SOLE   215 0 0
PARK NATIONAL CORP COM 700658107 213 2,150 SH   SOLE   213 0 0
HALLIBURTON COMPANY COM 406216101 212 9,361 SH   SOLE   212 0 0
PERRIGO CO COM G97822103 211 4,450 SH   SOLE   211 0 0
CONNECTICUT WTR SVCS INC COM 207410101 209 3,000 SH   SOLE   209 0 0
IMPERIAL OIL LTD COM 453038408 207 7,500 SH   SOLE   207 0 0
CHURCHILL DOWNS INC KY COM 171484108 207 1,800 SH   SOLE   207 0 0
MATSON INC COM COM 57686G105 205 5,300 SH   SOLE   205 0 0
RALPH LAUREN CORP. COM 751212101 204 1,800 SH   SOLE   204 0 0
QUAKER CHEMICAL CORP COM 747316107 202 1,000 SH   SOLE   202 0 0
STEEL DYNAMICS INC COM 858119100 202 6,700 SH   SOLE   202 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 185 12,392 SH   SOLE   185 0 0
MUELLER WATER PRODUCTS COM 624758108 166 17,000 SH   SOLE   166 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 165 25,827 SH   SOLE   165 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 163 10,475 SH   SOLE   163 0 0
KINROSS GOLD CORP NEW COM 496902404 154 39,773 SH   SOLE   154 0 0
ENCANA CORP COM 292505104 121 23,662 SH   SOLE   121 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 120 19,900 SH   SOLE   120 0 0
INTEVAC INC COM 461148108 93 19,400 SH   SOLE   93 0 0
TIMKENSTEEL CORP COM COM 887399103 89 10,950 SH   SOLE   89 0 0
SOLITARIO EXPLORATION COM 8342EP107 63 198,000 SH   SOLE   63 0 0
IAMGOLD CORPORATION COM 450913108 56 16,760 SH   SOLE   56 0 0
PDL BIOPHARMA INC COM 69329Y104 31 10,000 SH   SOLE   31 0 0
YAMANA GOLD INC COM 98462Y100 30 12,000 SH   SOLE   30 0 0
NABORS INDUSTRIES INC COM G6359F103 29 10,100 SH   SOLE   29 0 0
HECLA MINING COM 422704106 22 12,500 SH   SOLE   22 0 0
STEIN MART INC COM 858375108 9 10,800 SH   SOLE   9 0 0
GREAT PANTHER SILVER COM 39115V101 8 10,000 SH   SOLE   8 0 0