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 7,666 87,199 SH   SOLE   7,666 0 0
MASTERCARD INC COM 57636Q104 7,459 24,981 SH   SOLE   7,459 0 0
GRAINGER WW INC COM 384802104 7,271 21,479 SH   SOLE   7,271 0 0
LINDE PLC COM COM G5494J103 6,758 31,746 SH   SOLE   6,758 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 5,559 23,660 SH   SOLE   5,559 0 0
HERSHEY FOODS CORP COM 427866108 5,060 34,433 SH   SOLE   5,060 0 0
AUTO DATA PROCESSING COM 053015103 4,960 29,092 SH   SOLE   4,960 0 0
EXXON MOBIL CORP COM 30231G102 4,671 66,944 SH   SOLE   4,671 0 0
PEPSICO INCORPORATED COM 713448108 4,401 32,205 SH   SOLE   4,401 0 0
TEXAS INSTRUMENTS INC COM 882508104 4,368 34,051 SH   SOLE   4,368 0 0
CHEVRONTEXACO CORP COM 166764100 4,288 35,584 SH   SOLE   4,288 0 0
SYSCO CORP. COM 871829107 4,229 49,444 SH   SOLE   4,229 0 0
JOHNSON & JOHNSON COM 478160104 4,055 27,800 SH   SOLE   4,055 0 0
AGILENT TECHNOLOGIES COM 00846U101 4,048 47,451 SH   SOLE   4,048 0 0
MICROSOFT CORP COM 594918104 3,996 25,345 SH   SOLE   3,996 0 0
TRACTOR SUPPLY COMPANY COM 892356106 3,752 40,157 SH   SOLE   3,752 0 0
DISNEY WALT HOLDING CO COM 254687106 3,657 25,292 SH   SOLE   3,657 0 0
EMERSON ELECTRIC COM 291011104 3,644 47,793 SH   SOLE   3,644 0 0
MC CORMICK & CO NEW VT COM 579780206 3,609 21,265 SH   SOLE   3,609 0 0
BROWN FORMAN CORP CL B COM 115637209 3,601 53,276 SH   SOLE   3,601 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,324 26,908 SH   SOLE   3,324 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,296 25,551 SH   SOLE   3,296 0 0
UNION PACIFIC CORP COM 907818108 3,281 18,151 SH   SOLE   3,281 0 0
APPLE, INC COM 037833100 3,197 10,889 SH   SOLE   3,197 0 0
INGERSOLL-RAND COMPANY COM G47791101 3,081 23,180 SH   SOLE   3,081 0 0
ABBOTT LABORATORIES COM 002824100 3,040 35,004 SH   SOLE   3,040 0 0
FIDELITY NATL INFO SVCS COM 31620M106 3,023 21,738 SH   SOLE   3,023 0 0
KIMBERLY-CLARK CORP COM 494368103 3,020 21,962 SH   SOLE   3,020 0 0
LAUDER ESTEE CORP CL A COM 518439104 2,885 13,972 SH   SOLE   2,885 0 0
SONOCO PRODUCTS INC COM 835495102 2,707 43,867 SH   SOLE   2,707 0 0
ABBVIE INC COM COM 00287Y109 2,704 30,551 SH   SOLE   2,704 0 0
DOW CHEMICAL COM 260557103 2,593 47,384 SH   SOLE   2,593 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 2,552 24,875 SH   SOLE   2,552 0 0
GORMAN-RUPP CO COM COM 383082104 2,478 66,095 SH   SOLE   2,478 0 0
WESTROCK CO COM COM 96145D105 2,177 50,755 SH   SOLE   2,177 0 0
CHESAPEAKE UTIL CORP COM 165303108 2,176 22,714 SH   SOLE   2,176 0 0
DARDEN RESTURANTS INC COM 237194105 2,122 19,475 SH   SOLE   2,122 0 0
MIDDLEBY CORP THE COM 596278101 2,116 19,325 SH   SOLE   2,116 0 0
STERIS PLC COM 859152100 1,985 13,026 SH   SOLE   1,985 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,934 9,965 SH   SOLE   1,934 0 0
CINTAS CORP COM 172908105 1,930 7,176 SH   SOLE   1,930 0 0
DEERE & CO COM 244199105 1,897 10,950 SH   SOLE   1,897 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,876 14,850 SH   SOLE   1,876 0 0
EATON CORPORATION COM 278058102 1,851 19,544 SH   SOLE   1,851 0 0
CASEYS GENERAL STORES INC COM 147528103 1,840 11,575 SH   SOLE   1,840 0 0
KIRBY CORP COM 497266106 1,834 20,489 SH   SOLE   1,834 0 0
HOME DEPOT INC COM 437076102 1,766 8,088 SH   SOLE   1,766 0 0
COCA-COLA COMPANY COM 191216100 1,764 31,886 SH   SOLE   1,764 0 0
ALBANY INT'L CORP. COM 012348108 1,761 23,200 SH   SOLE   1,761 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,760 5,991 SH   SOLE   1,760 0 0
VALERO ENERGY COM 91913Y100 1,760 18,800 SH   SOLE   1,760 0 0
HONEYWELL INC. COM 438516106 1,742 9,847 SH   SOLE   1,742 0 0
BUNGE COM G16962105 1,633 28,387 SH   SOLE   1,633 0 0
3M COMPANY COM 88579Y101 1,602 9,085 SH   SOLE   1,602 0 0
GENERAL MILLS INC COM 370334104 1,558 29,107 SH   SOLE   1,558 0 0
PARKER-HANNIFIN CORP COM 701094104 1,553 7,550 SH   SOLE   1,553 0 0
ANALOG DEVICES INC COM 032654105 1,551 13,059 SH   SOLE   1,551 0 0
APPLIED INDL. TECH. COM 03820C105 1,533 23,000 SH   SOLE   1,533 0 0
CELANESE CORP. COM 150870103 1,532 12,450 SH   SOLE   1,532 0 0
AMERICAN EXPRESS CO. COM 025816109 1,500 12,050 SH   SOLE   1,500 0 0
PHILLIPS 66 COM COM 718546104 1,498 13,453 SH   SOLE   1,498 0 0
AVNET INC COM 053807103 1,453 34,250 SH   SOLE   1,453 0 0
ADVANSIX INC COM COM 00773T101 1,448 72,576 SH   SOLE   1,448 0 0
LOWES COMPANIES INC COM 548661107 1,413 11,800 SH   SOLE   1,413 0 0
ONEOK, INC COM 682680103 1,406 18,582 SH   SOLE   1,406 0 0
NORTHERN TRUST CORP COM 665859104 1,387 13,058 SH   SOLE   1,387 0 0
NEENAH PAPER INC COM 640079109 1,376 19,543 SH   SOLE   1,376 0 0
ATMOS ENERGY CORP COM 049560105 1,367 12,226 SH   SOLE   1,367 0 0
TIMKEN COMPANY COM 887389104 1,357 24,100 SH   SOLE   1,357 0 0
NEWMONT GOLDCORP COM 651639106 1,304 30,032 SH   SOLE   1,304 0 0
MURPHY OIL CORP COM 626717102 1,296 48,360 SH   SOLE   1,296 0 0
APPLIED MATERIALS INC COM 038222105 1,284 21,050 SH   SOLE   1,284 0 0
CATERPILLAR INC COM 149123101 1,233 8,353 SH   SOLE   1,233 0 0
MARATHON PETE CORP COM COM 56585A102 1,229 20,405 SH   SOLE   1,229 0 0
OLIN CORP NEW COM 680665205 1,178 68,325 SH   SOLE   1,178 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,153 17,965 SH   SOLE   1,153 0 0
STANLEY BLACK & DECKER INC. COM 854502101 1,141 6,890 SH   SOLE   1,141 0 0
FRANKLIN ELEC CO INC COM 353514102 1,134 19,800 SH   SOLE   1,134 0 0
SCHLUMBERGER LTD F COM 806857108 1,134 28,223 SH   SOLE   1,134 0 0
METLIFE INC COM 59156R108 1,120 21,982 SH   SOLE   1,120 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,094 7,307 SH   SOLE   1,094 0 0
GOODYEAR TIRE & RUBBER COM 382550101 1,090 70,107 SH   SOLE   1,090 0 0
STRYKER CORP COM 863667101 1,081 5,150 SH   SOLE   1,081 0 0
CHUBB CORPORATION COM 171232101 1,077 6,925 SH   SOLE   1,077 0 0
DOVER CORPORATION COM 260003108 1,063 9,225 SH   SOLE   1,063 0 0
CONOCOPHILLIPS COM 20825C104 1,048 16,119 SH   SOLE   1,048 0 0
SPIRE COM 84857L101 1,037 12,450 SH   SOLE   1,037 0 0
DOMINION RESOURCES INC. COM 25746U109 1,034 12,495 SH   SOLE   1,034 0 0
VERIZON COMM COM 92343V104 1,014 16,522 SH   SOLE   1,014 0 0
MURPHY USA INC. COM 626755102 1,006 8,603 SH   SOLE   1,006 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 976 15,207 SH   SOLE   976 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 926 7,437 SH   SOLE   926 0 0
MERCK & CO INC COM 58933Y105 901 9,910 SH   SOLE   901 0 0
CALAVO GROWERS INC COM 128246105 860 9,500 SH   SOLE   860 0 0
INGEVITY CORP COM COM 45688C107 820 9,385 SH   SOLE   820 0 0
ENBRIDGE INC. COM 29250N105 805 20,261 SH   SOLE   805 0 0
MARATHON OIL CO. COM 565849106 790 58,175 SH   SOLE   790 0 0
DUKE ENERGY CORPORATION COM 26441C105 762 8,360 SH   SOLE   762 0 0
MARKEL CORP. COM 570535104 754 660 SH   SOLE   754 0 0
OWENS ILLINOIS INC NEW COM 690768403 743 62,350 SH   SOLE   743 0 0
GAP INC COM 364760108 727 41,167 SH   SOLE   727 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 724 4,733 SH   SOLE   724 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 722 18,409 SH   SOLE   722 0 0
CSX CORP COM 126408103 716 9,900 SH   SOLE   716 0 0
CORNING INC. COM 219350105 711 24,425 SH   SOLE   711 0 0
HELMERICH & PAYNE INC COM 423452101 676 14,900 SH   SOLE   676 0 0
BANK OF NEW YORK CO INC COM 064058100 671 13,350 SH   SOLE   671 0 0
CORTEVA INC COM COM 22052L104 667 22,597 SH   SOLE   667 0 0
INTEL COM 458140100 651 10,888 SH   SOLE   651 0 0
SHERWIN WILLIAMS CO COM 824348106 641 1,100 SH   SOLE   641 0 0
XEROX CORP COM 984121103 605 16,433 SH   SOLE   605 0 0
AMERICAN STATES WATER CO COM 029899101 602 6,950 SH   SOLE   602 0 0
ALLEGHENY TECH INC COM 01741R102 588 28,500 SH   SOLE   588 0 0
GENUINE PARTS CO COM COM 372460105 580 5,460 SH   SOLE   580 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 569 10,410 SH   SOLE   569 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 555 6,000 SH   SOLE   555 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 524 10,550 SH   SOLE   524 0 0
PFIZER INC COM 717081103 515 13,169 SH   SOLE   515 0 0
ONE GAS INC COM COM 68235P108 487 5,208 SH   SOLE   487 0 0
DENNYS CORP COM 24869P104 447 22,500 SH   SOLE   447 0 0
CAMPBELL SOUP COMPANY COM 134429109 444 9,000 SH   SOLE   444 0 0
ANGLOGOLD LTD COM 035128206 443 19,850 SH   SOLE   443 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 441 8,800 SH   SOLE   441 0 0
WELLS FARGO & CO NEW COM 949746101 432 8,042 SH   SOLE   432 0 0
INTL BUSINESS MACHINES COM 459200101 427 3,186 SH   SOLE   427 0 0
GLOBAL PAYMENTS INC. COM 37940X102 419 2,300 SH   SOLE   419 0 0
PACCAR INC COM 693718108 419 5,300 SH   SOLE   419 0 0
KNOWLES CORP COM COM 49926D109 408 19,312 SH   SOLE   408 0 0
ARTESIAN RES CORP CLA COM 043113208 406 10,913 SH   SOLE   406 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 397 8,700 SH   SOLE   397 0 0
ASTRAZENECA PLC ADR COM 046353108 391 7,846 SH   SOLE   391 0 0
VALARIS PLC COM G9402V109 390 59,458 SH   SOLE   390 0 0
OCCIDENTAL PETE CORP COM 674599105 387 9,413 SH   SOLE   387 0 0
AMER ELECTRIC PWR CO INC COM 025537101 385 4,080 SH   SOLE   385 0 0
OLD REPUBLIC INTL CORP COM 680223104 362 16,200 SH   SOLE   362 0 0
NUTRIEN LTD CO COM COM 67077M108 359 7,500 SH   SOLE   359 0 0
BP PLC COM 055622104 355 9,420 SH   SOLE   355 0 0
AMGEN INC COM 031162100 354 1,470 SH   SOLE   354 0 0
AGNICO-EAGLE MINES LTD COM 008474108 351 5,700 SH   SOLE   351 0 0
NEXTERA ENERGY INC COM 65339F101 346 1,430 SH   SOLE   346 0 0
AVERY DENNISON CORP COM 053611109 340 2,600 SH   SOLE   340 0 0
INTERNATIONAL PAPER CO COM 460146103 337 7,338 SH   SOLE   337 0 0
HUNTINGTON BANCSHARES INC COM 446150104 327 21,718 SH   SOLE   327 0 0
HESS CORPORATION COM 42809H107 327 4,900 SH   SOLE   327 0 0
US BANCORP DEL COM 902973304 326 5,500 SH   SOLE   326 0 0
PNC BANK CORP COM 693475105 320 2,010 SH   SOLE   320 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 319 22,300 SH   SOLE   319 0 0
KEYCORP COM 493267108 316 15,641 SH   SOLE   316 0 0
BECTON DICKINSON & CO COM 075887109 310 1,140 SH   SOLE   310 0 0
BARRICK GOLD COM 067901108 308 16,600 SH   SOLE   308 0 0
ALAMOS GOLD INC. COM 011532108 301 50,000 SH   SOLE   301 0 0
NOBLE ENERGY INC. COM 655044105 293 11,800 SH   SOLE   293 0 0
BANCORP SOUTH CM COM 059692103 292 9,300 SH   SOLE   292 0 0
LILLY ELI & COMPANY COM 532457108 289 2,203 SH   SOLE   289 0 0
CULLEN FROST BANKERS COM 229899109 283 2,900 SH   SOLE   283 0 0
MACYS INC. COM 55616P104 279 16,450 SH   SOLE   279 0 0
VALVOLINE INC. COM 92047W101 276 12,900 SH   SOLE   276 0 0
COMERICA INC. COM 200340107 275 3,846 SH   SOLE   275 0 0
MEREDITH CORP. COM 589433101 266 8,200 SH   SOLE   266 0 0
ZOETIS INC. COM 98978V103 264 2,000 SH   SOLE   264 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 254 4,316 SH   SOLE   254 0 0
HOLLYFRONTIER CORP COM COM 435758305 251 4,956 SH   SOLE   251 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 250 36,354 SH   SOLE   250 0 0
CHURCHILL DOWNS INC KY COM 171484108 246 1,800 SH   SOLE   246 0 0
COMMERCIAL METALS CO COM 201723103 244 11,000 SH   SOLE   244 0 0
ASHLAND INC COM 044209104 244 3,200 SH   SOLE   244 0 0
ZIONS BANCORPORATION COM COM 989701107 244 4,700 SH   SOLE   244 0 0
FORD MOTOR COMPANY COM 345370860 243 26,150 SH   SOLE   243 0 0
MATSON INC COM COM 57686G105 236 5,800 SH   SOLE   236 0 0
FERRO CORP COM 315405100 236 15,926 SH   SOLE   236 0 0
MUELLER WATER PRODUCTS COM 624758108 233 19,500 SH   SOLE   233 0 0
BLACK HILLS CORP COM COM 092113109 230 2,934 SH   SOLE   230 0 0
DIAMONDBACK ENERGY COM 25278X109 230 2,479 SH   SOLE   230 0 0
HALLIBURTON COMPANY COM 406216101 228 9,345 SH   SOLE   228 0 0
EXPEDITORS INTL WASH COM 302130109 226 2,900 SH   SOLE   226 0 0
PAYPAL HOLDINGS INC. COM 70450Y103 225 2,081 SH   SOLE   225 0 0
PERRIGO CO COM G97822103 224 4,350 SH   SOLE   224 0 0
PARK NATIONAL CORP COM 700658107 220 2,150 SH   SOLE   220 0 0
KEURIG DR PEPPER INC. COM 49271V100 220 7,600 SH   SOLE   220 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 214 12,478 SH   SOLE   214 0 0
PIONEER NATURAL RES CO COM 723787107 211 1,400 SH   SOLE   211 0 0
RALPH LAUREN CORP. COM 751212101 210 1,800 SH   SOLE   210 0 0
BARNES GROUP INC COM 067806109 210 3,400 SH   SOLE   210 0 0
PAYCHEX INC COM 704326107 210 2,471 SH   SOLE   210 0 0
STEEL DYNAMICS INC COM 858119100 207 6,100 SH   SOLE   207 0 0
FARMER BROS. CO. COM 307675108 206 13,700 SH   SOLE   206 0 0
KELLOGG COMPANY COM 487836108 204 2,960 SH   SOLE   204 0 0
THE CHARLES SCHWAB CORP COM 808513105 204 4,300 SH   SOLE   204 0 0
CME GROUP INC COM COM 12572Q105 202 1,007 SH   SOLE   202 0 0
KINROSS GOLD CORP NEW COM 496902404 187 39,600 SH   SOLE   187 0 0
NO EUROPEAN OIL TR COM 659310106 179 30,300 SH   SOLE   179 0 0
TIMKENSTEEL CORP COM COM 887399103 132 16,850 SH   SOLE   132 0 0
INTEVAC INC COM 461148108 124 17,600 SH   SOLE   124 0 0
ENCANA CORP COM 292505104 115 24,594 SH   SOLE   115 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 79 20,400 SH   SOLE   79 0 0
IAMGOLD CORPORATION COM 450913108 63 17,000 SH   SOLE   63 0 0
SOLITARIO EXPLORATION COM 8342EP107 57 193,000 SH   SOLE   57 0 0
ORION MARINE GROUP COM 68628V308 51 10,000 SH   SOLE   51 0 0
YAMANA GOLD INC COM 98462Y100 45 11,500 SH   SOLE   45 0 0
HECLA MINING COM 422704106 42 12,500 SH   SOLE   42 0 0
PDL BIOPHARMA INC COM 69329Y104 42 13,000 SH   SOLE   42 0 0
NABORS INDUSTRIES INC COM G6359F103 30 10,600 SH   SOLE   30 0 0
STEIN MART INC COM 858375108 7 10,800 SH   SOLE   7 0 0
GREAT PANTHER SILVER COM 39115V101 5 10,000 SH   SOLE   5 0 0