Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PG	PROCTER & GAMBLE	241,213	$20.28M	12.5%	$55.10	+21.2%	COM	742718109
XOM	EXXON MOBIL CORP	91,328	$8.243M	5.1%	$53.94	+7.8%	COM	30231G102
—	3M COMPANY	43,356	$7.742M	4.8%	$110.87	—	COM	604059105
JNJ	JOHNSON & JOHNSON	57,555	$6.63M	4.1%	$60.21	+49.0%	COM	478160104
USB	US BANCORP	122,410	$6.288M	3.9%	$22.94	+47.2%	COM	902973304
JPM	JP MORGAN CHASE & CO	58,620	$5.058M	3.1%	$36.34	+64.8%	COM	46625H100
CINF	CINCINNATI FINANCIAL	66,163	$5.011M	3.1%	$33.05	+76.0%	COM	172062101
SMG	SCOTTS CO.	50,239	$4.8M	3.0%	$30.45	+117.1%	CLASS A	810186106
T	AT&T INC	97,833	$4.16M	2.6%	$11.45	+35.0%	COM	00206R102
—	GENERAL ELECTRIC	124,920	$3.947M	2.4%	$23.77	—	COM	369604103
KO	COCA-COLA COMPANY	93,518	$3.877M	2.4%	$27.78	+12.3%	COM	191216100
WSBC	WESBANCO INC.	86,985	$3.745M	2.3%	$24.75	+51.0%	COM	950810101
CVX	CHEVRON CORP	31,427	$3.698M	2.3%	$71.30	+3.5%	COM	166764100
LMT	LOCKHEED MARTIN	14,061	$3.514M	2.2%	$74.95	+161.4%	COM	539830109
BRK/A	BERKSHIRE HATHAWAY	13	$3.173M	2.0%	$165023.42	+39.9%	CLASS A	084670108
MAA	MID-AMERICA APART COMM	32,247	$3.157M	1.9%	$43.41	+54.6%	COM	59522J103
PEP	PEPSICO INC	23,156	$2.422M	1.5%	$57.00	+39.2%	COM	713448108
BF/B	BROWN-FORMAN	48,309	$2.17M	1.3%	$27.84	+11.2%	CLASS B	115637209
IBM	INTL BUS. MACHINES	12,909	$2.142M	1.3%	$117.83	-12.5%	COM	459200101
VZ	VERIZON COMMUNICATIONS	37,435	$1.998M	1.2%	$26.74	+15.9%	COM	92343V104
ACN	ACCENTURE PLC	16,771	$1.964M	1.2%	$64.67	+59.6%	COM	G1151C101
UPS	UNITED PARCEL SERVICE	16,573	$1.899M	1.2%	$58.49	+37.3%	COM	911312106
—	DUPONT DE NEMOURS	25,810	$1.894M	1.2%	$56.37	—	COM	263534109
PFE	PFIZER, INC.	55,641	$1.807M	1.1%	$16.54	+23.9%	COM	717081103
MKC	MCCORMICK & COMPANY	18,850	$1.759M	1.1%	$28.22	+38.9%	COM	579780206
—	CEDAR FAIR L.P.	27,195	$1.745M	1.1%	$42.42	—	COM	150185106
BMY	BRISTOL-MYERS SQUIBB	29,301	$1.712M	1.1%	$29.17	+35.5%	COM	110122108
—	TIFFANY & CO	21,655	$1.676M	1.0%	$73.74	—	COM	886547108
BF/A	BROWN-FORMAN	36,100	$1.669M	1.0%	$21.67	+11.3%	CLASS A	115637100
EMR	EMERSON ELECTRIC	27,522	$1.534M	0.9%	$42.38	+1.1%	COM	291011104
MDLZ	MONDELEZ INTERNATIONAL	34,574	$1.532M	0.9%	$23.99	+44.8%	COM	609207105
KMB	KIMBERLY CLARK	12,819	$1.462M	0.9%	$63.92	+32.3%	COM	494368103
ABBV	ABBVIE INC	23,242	$1.455M	0.9%	$28.58	+46.2%	COM	00287Y109
—	VODAFONE GROUP PLC ADR	59,104	$1.443M	0.9%	$31.40	—	COM	92857T107
INTC	INTEL	39,048	$1.416M	0.9%	$17.83	+63.5%	COM	458140100
HON	HONEYWELL INDUSTRIES	11,929	$1.381M	0.8%	$58.24	+44.6%	COM	438516106
EL	LAUDER (ESTEE)	17,555	$1.342M	0.8%	$59.48	+21.7%	CLASS A	518439104
RYN	RAYONIER REIT	49,900	$1.327M	0.8%	$53.15	—	COM	754907103
BAC	BANK OF AMERICA	51,442	$1.136M	0.7%	$10.14	+54.6%	COM	060505104
MDT	MEDTRONIC	14,889	$1.06M	0.7%	$58.80	+6.0%	COM	G5960L103
CSCO	CISCO SYSTEMS	34,649	$1.047M	0.6%	$16.31	+41.3%	COM	17275R102
PEYUF	PEYTO EXPLORATION CORP	40,300	$998K	0.6%	$14.94	+3.5%	COM	717046106
KHC	KRAFT HEINZ CO	11,339	$990K	0.6%	$47.82	+18.1%	COM	500754106
QCOM	QUALCOMM INC	14,935	$973K	0.6%	$49.24	+6.1%	COM	747525103
—	ABBOTT LABORATORIES	22,680	$871K	0.5%	$36.00	—	COM	002824101
MCD	MCDONALDS	6,927	$843K	0.5%	$72.84	+29.4%	COM	580135101
SYY	SYSCO	15,187	$840K	0.5%	$25.22	+62.4%	COM	871829107
SJM	SMUCKER (J.M.)	6,352	$813K	0.5%	$70.90	+37.7%	COM	832696405
MSFT	MICROSOFT CORP	11,759	$730K	0.4%	$27.38	+97.0%	COM	594918104
WM	WASTE MANAGEMENT INC	9,825	$696K	0.4%	$31.29	+81.5%	COM	94106L109
ONEXF	ONEX CORP	10,000	$677K	0.4%	$53.04	+25.3%	COM	68272K103
LLY	LILLY (ELI)	9,200	$676K	0.4%	$43.02	+49.3%	COM	532457108
BK	BANK OF NEW YORK MELLON	13,798	$653K	0.4%	$26.78	+32.6%	COM	064058100
KMI	KINDER MORGAN INC.	31,014	$642K	0.4%	$22.44	-41.6%	COM	49456B101
SLB	SCHLUMBERGER	7,567	$635K	0.4%	$59.15	+6.6%	COM	806857108
MRK	MERCK & CO	10,665	$627K	0.4%	$30.02	+46.9%	COM	58933Y105
NSRGY	NESTLE SA SPON ADR	8,250	$592K	0.4%	$73.29	—	COM	641069406
—	DUKE ENERGY	7,340	$569K	0.3%	$69.88	—	COM	264399106
WU	WESTERN UNION CO	25,450	$552K	0.3%	$17.12	—	COM	959802109
VNO	VORNADO REALTY TRUST	4,929	$514K	0.3%	$82.80	—	COM	929042109
NOC	NORTHROP GRUMMAN	2,172	$505K	0.3%	$97.67	+105.4%	COM	666807102
—	HILL-ROM HOLDINGS	8,900	$499K	0.3%	$33.71	—	COM	431475102
NVS	NOVARTIS AG ADR	6,805	$495K	0.3%	$75.77	—	COM	66987V109
WY	WEYERHAEUSER CO	16,155	$486K	0.3%	$18.72	+15.8%	COM	962166104
PNC	PNC BANK CORP	3,893	$455K	0.3%	$47.56	+62.2%	COM	693475105
CPB	CAMPBELL SOUP COMPANY	7,403	$447K	0.3%	$31.00	+34.5%	COM	134429109
AAPL	APPLE INC	3,658	$423K	0.3%	$21.21	+23.0%	COM	037833100
CLX	CLOROX CO	3,528	$423K	0.3%	$60.48	+50.2%	COM	189054109
NSC	NORFOLK SOUTHERN	3,880	$419K	0.3%	$59.09	+42.1%	COM	655844108
GD	GENERAL DYNAMICS	2,320	$400K	0.2%	$64.92	+106.6%	COM	369550108
—	DOW CHEMICAL	6,901	$394K	0.2%	$32.13	—	COM	260543103
COP	CONOCOPHILLIPS	7,725	$387K	0.2%	$48.44	-28.2%	COM	20825C104
ED	CONSOLIDATED EDISON	5,231	$385K	0.2%	$36.10	+44.2%	COM	209115104
TEVA	TEVA PHARMACEUTICAL ADR	10,597	$384K	0.2%	$42.29	—	COM	881624209
MTX	MINERALS TECHNOLOGIES	4,800	$370K	0.2%	$39.30	+81.5%	COM	603158106
—	HILLENBRAND INDUSTRIES	9,000	$345K	0.2%	$23.67	—	COM	431571108
—	SPECTRA ENERGY	8,413	$345K	0.2%	$35.09	—	COM	847560109
AXP	AMERICAN EXPRESS	4,650	$344K	0.2%	$59.59	+2.3%	COM	025816109
DIS	DISNEY (WALT) COMPANY	3,295	$343K	0.2%	$56.11	+61.7%	COM	254687106
FITB	FIFTH THIRD BANCORP	12,717	$342K	0.2%	$11.69	+48.0%	COM	316773100
—	ROYAL DUTCH SHELL PLC ADS	6,237	$339K	0.2%	$66.88	—	COM	780259206
FHN	FIRST HORIZON NATIONAL	16,697	$334K	0.2%	$7.42	+72.7%	COM	320517105
LOW	LOWES COMPANIES	4,294	$305K	0.2%	$38.45	+55.5%	COM	548661107
CPT	CAMDEN PROPERTY TRUST	3,596	$302K	0.2%	$50.41	+15.5%	COM	133131102
—	EXPRESS SCRIPTS	4,388	$301K	0.2%	$62.66	—	COM	30219G108
—	APACHE	4,598	$291K	0.2%	$44.37	—	COM	037411105
ZBH	ZIMMER HOLDINGS	2,705	$279K	0.2%	$67.73	+46.8%	COM	98956P102
—	BOARDWALK PIPELINE PART LP	15,750	$273K	0.2%	$29.80	—	COM	096627104
BP	BP PLC ADS	7,309	$273K	0.2%	$48.55	—	COM	055622104
NEE	NEXTERA ENERGY	2,272	$271K	0.2%	$20.55	+15.4%	COM	65339F101
PM	PHILIP MORRIS INTERNATIONAL	2,950	$269K	0.2%	$49.61	+17.4%	COM	718172109
HSY	HERSHEY FOODS	2,531	$261K	0.2%	$65.69	+21.0%	COM	427866108
HAL	HALLIBURTON	4,650	$251K	0.2%	$34.14	+22.2%	COM	406216101
—	MOSAIC COMPANY	8,230	$241K	0.1%	$29.28	—	COM	61945C104
—	WILLIAMS PARTNERS LP	6,158	$234K	0.1%	$34.64	—	COM	96949L105
HUBB	HUBBELL INC.	1,988	$231K	0.1%	$76.44	+18.7%	COM	443510607
RF	REGIONS FINANCIAL CORP	15,920	$228K	0.1%	$5.80	+52.4%	COM	7591EP100
—	COSTCO WHOLESALE	1,430	$228K	0.1%	$152.43	—	COM	22160K106
BAX	BAXTER INT'L	5,090	$225K	0.1%	$32.47	+22.4%	COM	071813109
WDFC	WD-40 COMPANY	1,900	$222K	0.1%	$88.52	+7.4%	COM	929236107
RYAM	RAYONIER ADV MATERIALS	13,980	$216K	0.1%	$38.34	-63.6%	COM	75508B104
WFC	WELLS FARGO & CO	3,872	$213K	0.1%	$39.03	0.0%	COM	949746101
ITW	ILLINOIS TOOL WORKS	1,712	$209K	0.1%	$97.16	0.0%	COM	452308109
ACAZF	ACADIAN TIMBER CORP	15,000	$199K	0.1%	$6.76	+9.5%	COM	004272100
ASRV	AMERISERV FINANCIAL	18,000	$66,000	0.0%	$2.19	+19.3%	COM	03074A102
—	VIVUS INC.	11,000	$12,000	0.0%	$10.90	—	COM	928551100
—	SANTA FE GOLD CORP	10,000	$1,000	0.0%	$0.10	—	COM	80201E108