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
GRAINGER WW INC COM 384802104 9,733 19,897 SH   SOLE   9,733 0 0
LINDE PLC COM COM G5494J103 8,024 29,767 SH   SOLE   8,024 0 0
EXXON MOBIL CORP COM 30231G102 7,497 85,876 SH   SOLE   7,497 0 0
STARBUCKS CORP COM 855244109 6,976 82,799 SH   SOLE   6,976 0 0
HERSHEY FOODS CORP COM 427866108 6,950 31,524 SH   SOLE   6,950 0 0
TRACTOR SUPPLY COMPANY COM 892356106 6,910 37,177 SH   SOLE   6,910 0 0
CHEVRONTEXACO CORP COM 166764100 6,748 46,970 SH   SOLE   6,748 0 0
AUTO DATA PROCESSING COM 053015103 6,333 28,002 SH   SOLE   6,333 0 0
MASTERCARD INC COM 57636Q104 6,115 21,506 SH   SOLE   6,115 0 0
AGILENT TECHNOLOGIES COM 00846U101 5,430 44,679 SH   SOLE   5,430 0 0
MICROSOFT CORP COM 594918104 5,299 22,754 SH   SOLE   5,299 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 5,101 21,920 SH   SOLE   5,101 0 0
APPLE, INC COM 037833100 4,939 35,743 SH   SOLE   4,939 0 0
PEPSICO INCORPORATED COM 713448108 4,798 29,390 SH   SOLE   4,798 0 0
TEXAS INSTRUMENTS INC COM 882508104 4,519 29,199 SH   SOLE   4,519 0 0
DEERE & CO COM 244199105 4,411 13,213 SH   SOLE   4,411 0 0
JOHNSON & JOHNSON COM 478160104 4,228 25,886 SH   SOLE   4,228 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 3,850 24,469 SH   SOLE   3,850 0 0
OLIN CORP NEW COM 680665205 3,384 78,935 SH   SOLE   3,384 0 0
UNION PACIFIC CORP COM 907818108 3,334 17,116 SH   SOLE   3,334 0 0
BROWN FORMAN CORP CL B COM 115637209 3,299 49,565 SH   SOLE   3,299 0 0
TRANE TECHNOLOGIES PLC COM G8994E103 3,232 22,323 SH   SOLE   3,232 0 0
ABBOTT LABORATORIES COM 002824100 3,201 33,091 SH   SOLE   3,201 0 0
EMERSON ELECTRIC COM 291011104 3,164 43,223 SH   SOLE   3,164 0 0
SYSCO CORP. COM 871829107 3,133 44,319 SH   SOLE   3,133 0 0
MC CORMICK & CO NEW VT COM 579780206 2,974 41,735 SH   SOLE   2,974 0 0
LAUDER ESTEE CORP CL A COM 518439104 2,833 13,122 SH   SOLE   2,833 0 0
BROADRIDGE FINANCIAL COM 11133T103 2,713 18,800 SH   SOLE   2,713 0 0
ABBVIE INC COM COM 00287Y109 2,630 19,602 SH   SOLE   2,630 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 2,550 5,400 SH   SOLE   2,550 0 0
KIMBERLY-CLARK CORP COM 494368103 2,505 22,264 SH   SOLE   2,505 0 0
HOME DEPOT INC COM 437076102 2,464 8,933 SH   SOLE   2,464 0 0
EATON CORPORATION COM 278058102 2,450 18,376 SH   SOLE   2,450 0 0
CHESAPEAKE UTIL CORP COM 165303108 2,376 20,597 SH   SOLE   2,376 0 0
MIDDLEBY CORP THE COM 596278101 2,364 18,450 SH   SOLE   2,364 0 0
BUNGE COM G16962105 2,352 28,487 SH   SOLE   2,352 0 0
DISNEY WALT HOLDING CO COM 254687106 2,342 24,835 SH   SOLE   2,342 0 0
SONOCO PRODUCTS INC COM 835495102 2,340 41,250 SH   SOLE   2,340 0 0
MURPHY OIL CORP COM 626717102 2,258 64,220 SH   SOLE   2,258 0 0
APPLIED INDL. TECH. COM 03820C105 2,227 21,670 SH   SOLE   2,227 0 0
DARDEN RESTURANTS INC COM 237194105 2,205 17,460 SH   SOLE   2,205 0 0
DOW CHEMICAL COM 260557103 2,203 50,151 SH   SOLE   2,203 0 0
MURPHY USA INC. COM 626755102 2,198 7,998 SH   SOLE   2,198 0 0
ADVANSIX INC COM COM 00773T101 2,198 68,476 SH   SOLE   2,198 0 0
CASEYS GENERAL STORES INC COM 147528103 2,141 10,572 SH   SOLE   2,141 0 0
CINTAS CORP COM 172908105 2,125 5,476 SH   SOLE   2,125 0 0
STERIS PLC COM 859152100 2,120 12,750 SH   SOLE   2,120 0 0
GENERAL MILLS INC COM 370334104 2,099 27,407 SH   SOLE   2,099 0 0
MARATHON PETE CORP COM COM 56585A102 2,089 21,039 SH   SOLE   2,089 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 2,076 22,864 SH   SOLE   2,076 0 0
LOWES COMPANIES INC COM 548661107 1,932 10,290 SH   SOLE   1,932 0 0
VALERO ENERGY COM 91913Y100 1,924 18,013 SH   SOLE   1,924 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,922 9,168 SH   SOLE   1,922 0 0
MERCK & CO INC COM 58933Y105 1,847 21,449 SH   SOLE   1,847 0 0
COCA-COLA COMPANY COM 191216100 1,844 32,927 SH   SOLE   1,844 0 0
ANALOG DEVICES INC COM 032654105 1,811 13,000 SH   SOLE   1,811 0 0
ALBANY INT'L CORP. COM 012348108 1,742 22,100 SH   SOLE   1,742 0 0
HONEYWELL INC. COM 438516106 1,735 10,394 SH   SOLE   1,735 0 0
APPLIED MATERIALS INC COM 038222105 1,702 20,775 SH   SOLE   1,702 0 0
PARKER-HANNIFIN CORP COM 701094104 1,687 6,965 SH   SOLE   1,687 0 0
GORMAN-RUPP CO COM COM 383082104 1,674 70,390 SH   SOLE   1,674 0 0
AMERICAN EXPRESS CO. COM 025816109 1,591 11,800 SH   SOLE   1,591 0 0
CONOCOPHILLIPS COM 20825C104 1,525 14,907 SH   SOLE   1,525 0 0
CORTEVA INC COM COM 22052L104 1,521 26,615 SH   SOLE   1,521 0 0
FRANKLIN ELEC CO INC COM 353514102 1,503 18,400 SH   SOLE   1,503 0 0
KIRBY CORP COM 497266106 1,502 24,722 SH   SOLE   1,502 0 0
WESTROCK CO COM COM 96145D105 1,499 48,533 SH   SOLE   1,499 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,446 13,240 SH   SOLE   1,446 0 0
FIDELITY NATL INFO SVCS COM 31620M106 1,404 18,585 SH   SOLE   1,404 0 0
NUTRIEN LTD CO COM COM 67077M108 1,385 16,620 SH   SOLE   1,385 0 0
TIMKEN COMPANY COM 887389104 1,381 23,400 SH   SOLE   1,381 0 0
CHUBB CORPORATION COM 171232101 1,342 7,383 SH   SOLE   1,342 0 0
CATERPILLAR INC COM 149123101 1,336 8,143 SH   SOLE   1,336 0 0
MARATHON OIL CO. COM 565849106 1,335 59,125 SH   SOLE   1,335 0 0
SCHLUMBERGER LTD F COM 806857108 1,325 36,912 SH   SOLE   1,325 0 0
NEWMONT GOLDCORP COM 651639106 1,298 30,899 SH   SOLE   1,298 0 0
PFIZER INC COM 717081103 1,286 29,405 SH   SOLE   1,286 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,189 16,734 SH   SOLE   1,189 0 0
METLIFE INC COM 59156R108 1,182 19,450 SH   SOLE   1,182 0 0
ATMOS ENERGY CORP COM 049560105 1,166 11,451 SH   SOLE   1,166 0 0
INGEVITY CORP COM COM 45688C107 1,157 19,096 SH   SOLE   1,157 0 0
AVNET INC COM 053807103 1,136 31,475 SH   SOLE   1,136 0 0
ONEOK, INC COM 682680103 1,119 21,845 SH   SOLE   1,119 0 0
THE CHARLES SCHWAB CORP COM 808513105 1,116 15,529 SH   SOLE   1,116 0 0
CELANESE CORP. COM 150870103 1,115 12,350 SH   SOLE   1,115 0 0
PHILLIPS 66 COM COM 718546104 1,085 13,445 SH   SOLE   1,085 0 0
ENBRIDGE INC. COM 29250N105 1,079 29,104 SH   SOLE   1,079 0 0
CANADIAN PAC LTD NEW COM 13645T100 1,073 16,097 SH   SOLE   1,073 0 0
STRYKER CORP COM 863667101 1,043 5,150 SH   SOLE   1,043 0 0
NORTHERN TRUST CORP COM 665859104 992 11,600 SH   SOLE   992 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 967 19,195 SH   SOLE   967 0 0
DOVER CORPORATION COM 260003108 948 8,138 SH   SOLE   948 0 0
MOSAIC CO NEW COM 61945C103 944 19,550 SH   SOLE   944 0 0
COMERICA INC. COM 200340107 930 13,090 SH   SOLE   930 0 0
HESS CORPORATION COM 42809H107 915 8,400 SH   SOLE   915 0 0
3M COMPANY COM 88579Y101 875 7,925 SH   SOLE   875 0 0
O-I GLASS, INC. COM 690768403 875 67,600 SH   SOLE   875 0 0
CLEVELAND-CLIFFS, INC. COM 185899101 871 64,725 SH   SOLE   871 0 0
ORGANON & CO. COM 68622V106 869 37,140 SH   SOLE   869 0 0
INGERSOLL-RAND COMPANY COM G47791101 855 19,777 SH   SOLE   855 0 0
GENUINE PARTS CO COM COM 372460105 845 5,660 SH   SOLE   845 0 0
TIMKENSTEEL CORP COM COM 887399103 825 55,100 SH   SOLE   825 0 0
CSX CORP COM 126408103 788 29,600 SH   SOLE   788 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 787 8,000 SH   SOLE   787 0 0
FRANCO NEVADA CORP. COM 351858105 785 6,575 SH   SOLE   785 0 0
SPIRE COM 84857L101 747 12,000 SH   SOLE   747 0 0
MARKEL CORP. COM 570535104 742 685 SH   SOLE   742 0 0
GOODYEAR TIRE & RUBBER COM 382550101 742 73,567 SH   SOLE   742 0 0
SCHWAB US TIPS ETF COM 808524870 740 14,300 SH   SOLE   740 0 0
COTERRA ENERGY INC. COM 127097103 734 28,114 SH   SOLE   734 0 0
LILLY ELI & COMPANY COM 532457108 727 2,250 SH   SOLE   727 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 692 7,718 SH   SOLE   692 0 0
DOMINION RESOURCES INC. COM 25746U109 689 9,975 SH   SOLE   689 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 686 15,800 SH   SOLE   686 0 0
VERIZON COMM COM 92343V104 680 17,911 SH   SOLE   680 0 0
ALLEGHENY TECH INC COM 01741R102 675 25,400 SH   SOLE   675 0 0
SHERWIN WILLIAMS CO COM 824348106 675 3,300 SH   SOLE   675 0 0
OCCIDENTAL PETE CORP COM 674599105 669 10,889 SH   SOLE   669 0 0
COMMERCIAL METALS CO COM 201723103 645 18,200 SH   SOLE   645 0 0
CORNING INC. COM 219350105 644 22,200 SH   SOLE   644 0 0
STEEL DYNAMICS INC COM 858119100 610 8,600 SH   SOLE   610 0 0
RAYTHEON TECHNOLOGIES CO. COM 75513E101 607 7,420 SH   SOLE   607 0 0
US STEEL CORP. COM 912909108 604 33,375 SH   SOLE   604 0 0
DUKE ENERGY CORPORATION COM 26441C105 603 6,485 SH   SOLE   603 0 0
MATIV HLDGS. INC. COM 808541106 580 26,296 SH   SOLE   580 0 0
KINDER MORGAN INC COM 49456B101 548 32,968 SH   SOLE   548 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 542 6,000 SH   SOLE   542 0 0
AMERICAN STATES WATER CO COM 029899101 530 6,800 SH   SOLE   530 0 0
NEXTERA ENERGY INC COM 65339F101 524 6,692 SH   SOLE   524 0 0
EASTMAN CHEMICAL COM 277432100 511 7,200 SH   SOLE   511 0 0
SPROUTS FARMERS MKT COM 85208M102 509 18,350 SH   SOLE   509 0 0
HELMERICH & PAYNE INC COM 423452101 503 13,625 SH   SOLE   503 0 0
NO EUROPEAN OIL TR COM 659310106 495 34,800 SH   SOLE   495 0 0
MACYS INC. COM 55616P104 486 31,050 SH   SOLE   486 0 0
BANK OF NEW YORK CO INC COM 064058100 485 12,600 SH   SOLE   485 0 0
STANLEY BLACK & DECKER INC. COM 854502101 484 6,445 SH   SOLE   484 0 0
ARTESIAN RES CORP CLA COM 043113208 480 9,983 SH   SOLE   480 0 0
SHELL PLC. COM 780259305 476 9,573 SH   SOLE   476 0 0
NETAPP INC. COM 64110D104 476 7,700 SH   SOLE   476 0 0
HF SINCLAIR CORP. COM 403949100 473 8,800 SH   SOLE   473 0 0
PACCAR INC COM 693718108 460 5,500 SH   SOLE   460 0 0
OLD REPUBLIC INTL CORP COM 680223104 444 21,233 SH   SOLE   444 0 0
AMGEN INC COM 031162100 424 1,885 SH   SOLE   424 0 0
MATSON INC COM COM 57686G105 418 6,800 SH   SOLE   418 0 0
DIAMONDBACK ENERGY COM 25278X109 416 3,457 SH   SOLE   416 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 414 25,400 SH   SOLE   414 0 0
OVINTIV INC. COM 69047Q102 400 8,700 SH   SOLE   400 0 0
CALERES INC. COM 129500104 399 16,500 SH   SOLE   399 0 0
IMPERIAL OIL LTD COM 453038408 389 9,000 SH   SOLE   389 0 0
ASTRAZENECA PLC ADR COM 046353108 386 7,046 SH   SOLE   386 0 0
CULLEN FROST BANKERS COM 229899109 383 2,900 SH   SOLE   383 0 0
KROGER CO COM 501044101 380 8,700 SH   SOLE   380 0 0
VIATRIS INC. COM 92556V106 367 43,170 SH   SOLE   367 0 0
DISCOVER FINL SVCS COM COM 254709108 363 4,000 SH   SOLE   363 0 0
TRANSDIGM GROUP INC. COM 893641100 359 685 SH   SOLE   359 0 0
AVERY DENNISON CORP COM 053611109 357 2,200 SH   SOLE   357 0 0
BP PLC COM 055622104 348 12,192 SH   SOLE   348 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 347 8,700 SH   SOLE   347 0 0
ONE GAS INC COM COM 68235P108 347 4,933 SH   SOLE   347 0 0
INTL BUSINESS MACHINES COM 459200101 335 2,822 SH   SOLE   335 0 0
ALAMOS GOLD INC. COM 011532108 333 45,000 SH   SOLE   333 0 0
CHURCHILL DOWNS INC KY COM 171484108 331 1,800 SH   SOLE   331 0 0
Prosperity Bancshare COM 743606105 331 4,969 SH   SOLE   331 0 0
CHEMOURS COMPANY COM 163851108 321 13,028 SH   SOLE   321 0 0
AMER ELECTRIC PWR CO INC COM 025537101 315 3,645 SH   SOLE   315 0 0
VALVOLINE INC. COM 92047W101 314 12,400 SH   SOLE   314 0 0
ZIONS BANCORPORATION COM COM 989701107 310 6,100 SH   SOLE   310 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 307 15,309 SH   SOLE   307 0 0
GAP INC COM 364760108 303 37,017 SH   SOLE   303 0 0
ASHLAND INC COM 044186104 303 3,200 SH   SOLE   303 0 0
PIONEER NATURAL RES CO COM 723787107 303 1,400 SH   SOLE   303 0 0
CALAVO GROWERS INC COM 128246105 301 9,500 SH   SOLE   301 0 0
ZOETIS INC. COM 98978V103 296 2,000 SH   SOLE   296 0 0
INTEL COM 458140100 292 11,343 SH   SOLE   292 0 0
BARRICK GOLD COM 067901108 285 18,400 SH   SOLE   285 0 0
PAYCHEX INC COM 704326107 277 2,471 SH   SOLE   277 0 0
FORD MOTOR COMPANY COM 345370860 276 24,650 SH   SOLE   276 0 0
WELLS FARGO & CO NEW COM 949746101 274 6,818 SH   SOLE   274 0 0
PNC BANK CORP COM 693475105 270 1,810 SH   SOLE   270 0 0
AGNICO-EAGLE MINES LTD COM 008474108 267 6,325 SH   SOLE   267 0 0
CARRIER GLOBAL CORP. COM 14448C104 266 7,481 SH   SOLE   266 0 0
KEYCORP COM 493267108 262 16,366 SH   SOLE   262 0 0
HUNTINGTON BANCSHARES INC COM 446150104 258 19,618 SH   SOLE   258 0 0
KEURIG DR PEPPER INC. COM 49271V100 256 7,150 SH   SOLE   256 0 0
ANGLOGOLD LTD COM 035128206 254 18,388 SH   SOLE   254 0 0
BECTON DICKINSON & CO COM 075887109 254 1,140 SH   SOLE   254 0 0
FLUOR CORPORATION COM 343412102 248 10,000 SH   SOLE   248 0 0
GLOBAL PAYMENTS INC. COM 37940X102 248 2,300 SH   SOLE   248 0 0
KNOWLES CORP COM COM 49926D109 245 20,181 SH   SOLE   245 0 0
DEVON ENERGY CP NEW COM 25179M103 243 4,050 SH   SOLE   243 0 0
EXPEDITORS INTL WASH COM 302130109 238 2,700 SH   SOLE   238 0 0
OTIS WORLDWIDE CORP. COM 68902V107 231 3,628 SH   SOLE   231 0 0
KELLOGG COMPANY COM 487836108 230 3,310 SH   SOLE   230 0 0
DENNYS CORP COM 24869P104 230 24,500 SH   SOLE   230 0 0
NUVEEN QUALITY MUNICIPAL COM 67066V101 229 20,835 SH   SOLE   229 0 0
PARK NATIONAL CORP COM 700658107 224 1,800 SH   SOLE   224 0 0
US BANCORP DEL COM 902973304 221 5,500 SH   SOLE   221 0 0
HALLIBURTON COMPANY COM 406216101 218 8,870 SH   SOLE   218 0 0
APACHE CORP COM 03743Q108 215 6,300 SH   SOLE   215 0 0
INTERNATIONAL PAPER CO COM 460146103 212 6,713 SH   SOLE   212 0 0
O REILLY AUTOMOTIVE INC COM 67103H107 211 300 SH   SOLE   211 0 0
FIFTH THIRD BANCORP COM 316773100 208 6,531 SH   SOLE   208 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 205 83,234 SH   SOLE   205 0 0
XEROX CORP COM 984121103 200 15,358 SH   SOLE   200 0 0
MUELLER WATER PRODUCTS COM 624758108 200 19,500 SH   SOLE   200 0 0
KINROSS GOLD CORP NEW COM 496902404 154 41,100 SH   SOLE   154 0 0
DNP SELECT INCOME FUND COM 23325P104 151 14,655 SH   SOLE   151 0 0
KOSMOS ENERGY LTD COM 500688106 126 24,500 SH   SOLE   126 0 0
SOLITARIO EXPLORATION COM 8342EP107 92 188,000 SH   SOLE   92 0 0
ORANGE COM 684060106 89 10,000 SH   SOLE   89 0 0
INTEVAC INC COM 461148108 77 16,700 SH   SOLE   77 0 0
CHICOS FAS INC COM 168615102 69 14,400 SH   SOLE   69 0 0
SOUTHWESTERN ENERGY CO COM 845467109 65 10,700 SH   SOLE   65 0 0
FARMER BROS. CO. COM 307675108 59 12,750 SH   SOLE   59 0 0
YAMANA GOLD INC COM 98462Y100 56 12,500 SH   SOLE   56 0 0
ACCO BRANDS CORP COM COM 00081T108 56 11,500 SH   SOLE   56 0 0
ORION MARINE GROUP COM 68628V308 39 15,000 SH   SOLE   39 0 0
AEGON N V ORD AMER REG COM 007924103 39 10,000 SH   SOLE   39 0 0
IAMGOLD CORPORATION COM 450913108 20 19,500 SH   SOLE   20 0 0
ALLIANCEBERNSTEIN HLDG LP COM 01881G106 87 2,482 SH   SOLE   87 0 0
VANGUARD TOTAL STK MKT TST COM 922908769 183 1,020 SH   SOLE   183 0 0