Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MMM	3M COMPANY	347,875	$41.54M	2.1%	$61.26	+7.7%	COM	88579Y101
EMR	EMERSON ELECTRIC	639,747	$41.39M	2.1%	$40.02	+9.5%	COM	291011104
—	DUPONT	686,935	$40.23M	2.1%	$52.50	—	COM	263534109
CL	COLGATE PALMOLIVE	607,927	$36.05M	1.8%	$44.38	+0.4%	COM	194162103
—	TERRA NITROGEN CO LP	175,100	$35.49M	1.8%	$213.99	—	UNT	881005201
PEP	PEPSICO	435,932	$34.66M	1.8%	$56.00	+1.4%	COM	713448108
DIS	WALT DISNEY	537,005	$34.63M	1.8%	$56.11	+1.5%	COM	254687106
TDY	TELEDYNE TECHNOLOGIES	396,710	$33.69M	1.7%	$76.20	+6.5%	COM	879360105
GILD	GILEAD SCIENCES	535,345	$33.66M	1.7%	$36.21	+14.7%	COM	375558103
FMC	FMC CORP	438,600	$31.46M	1.6%	$41.24	+7.7%	COM	302491303
BNS	BANK OF NOVA SCOTIA ADR	527,844	$30.25M	1.5%	$30.35	+0.5%	COM	064149107
ABBNY	ABB LTD ADR	1,280,425	$30.2M	1.5%	$21.66	—	COM	000375204
—	NOVARTIS AG ADS	384,355	$29.48M	1.5%	$70.71	—	COM	66987v109
CNI	CANADIAN NATIONAL RAILWAY ADR	290,639	$29.46M	1.5%	$39.40	+0.5%	COM	136375102
JNJ	JOHNSON & JOHNSON	339,795	$29.46M	1.5%	$59.74	+6.4%	COM	478160104
—	DRESSER-RAND GROUP	465,990	$29.08M	1.5%	$59.98	—	COM	261608103
CHD	CHURCH AND DWIGHT	483,065	$29.01M	1.5%	$26.18	-1.0%	COM	171340102
IFF	INTL FLAVORS& FRAGRANCES	350,240	$28.82M	1.5%	$58.18	+4.4%	COM	459506101
—	DUN & BRADSTREET	277,315	$28.8M	1.5%	$97.45	—	COM	26483E100
IBM	IBM	154,815	$28.67M	1.5%	$118.94	-6.2%	COM	459200101
IP	INT'L PAPER	639,555	$28.65M	1.5%	$25.91	+3.7%	COM	460146103
ROK	ROCKWELL AUTOMATION	266,010	$28.45M	1.5%	$67.20	+13.8%	COM	773903109
UNP	UNION PACIFIC	181,436	$28.18M	1.4%	$57.06	+5.4%	COM	907818108
—	BUNGE LTD ADR	362,192	$27.49M	1.4%	$70.77	—	COM	G16962105
—	GENERAL ELECTRIC	1,128,547	$26.96M	1.4%	$23.19	—	COM	369604103
—	C.R. BARD	227,475	$26.2M	1.3%	$108.68	—	COM	067383109
GLW	CORNING	1,787,735	$26.08M	1.3%	$10.50	+2.4%	COM	219350105
—	MTS SYSTEMS	400,000	$25.74M	1.3%	$56.60	—	COM	553777103
—	KINDER MORGAN ENERGY LP	321,900	$25.7M	1.3%	$85.40	—	MLP	494550106
PG	PROCTER & GAMBLE	338,686	$25.6M	1.3%	$55.00	+2.2%	COM	742718109
—	PENTAIR	391,310	$25.41M	1.3%	$57.69	—	COM	H6169Q108
FLR	FLUOR	357,260	$25.35M	1.3%	$53.56	+7.0%	COM	343412102
MKC	MCCORMICK & CO	374,295	$24.22M	1.2%	$28.19	-2.1%	COM	579780206
—	WALGREEN	445,525	$23.97M	1.2%	$44.20	—	COM	931422109
—	S K TELECOM LTD ADR	1,040,175	$23.61M	1.2%	$20.33	—	COM	78440p108
HON	HONEYWELL INT'L	278,464	$23.12M	1.2%	$53.13	+8.2%	COM	438516106
DE	DEERE AND CO	275,526	$22.43M	1.1%	$67.90	-2.9%	COM	244199105
MET	METLIFE	471,905	$22.16M	1.1%	$24.57	+17.2%	COM	59156R108
BHP	BHP BILLITON LTD ADR	332,477	$22.11M	1.1%	$57.66	—	COM	088606108
KMB	KIMBERLY-CLARK	232,762	$21.93M	1.1%	$63.03	-3.1%	COM	494368103
BDC	BELDEN	334,000	$21.39M	1.1%	$48.78	+15.6%	COM	077454106
—	DISCOVERY COMMUNICATIONS	250,000	$21.11M	1.1%	$77.24	—	COM	25470F104
LEG	LEGGETT & PLATT	690,920	$20.83M	1.1%	$32.56	-5.7%	COM	524660107
—	CERNER	394,575	$20.73M	1.1%	$75.48	—	COM	156782104
TXN	TEXAS INSTRUMENTS	513,580	$20.69M	1.1%	$25.31	+9.5%	COM	882508104
ADP	AUTOMATIC DATA PROCESSING	282,019	$20.41M	1.0%	$45.09	+7.2%	COM	053015103
—	MANULIFE FINL CORP ADR	1,221,795	$20.23M	1.0%	$16.02	—	COM	56510r106
—	EXXON MOBIL	233,621	$20.1M	1.0%	$90.35	—	COM	30231g102
CSCO	CISCO SYSTEMS	855,035	$20.03M	1.0%	$15.85	+6.8%	COM	17275R102
CNQ	CANADIAN NATURAL RESOURCES ADR	625,715	$19.67M	1.0%	$8.82	+4.5%	COM	136385101
RYN	RAYONIER	352,500	$19.62M	1.0%	$55.39	—	COM	754907103
CAT	CATERPILLAR	234,465	$19.55M	1.0%	$61.55	+0.1%	COM	149123101
T	AT&T	575,975	$19.48M	1.0%	$11.39	-3.8%	COM	00206R102
DCI	DONALDSON	508,000	$19.37M	1.0%	$29.49	+2.3%	COM	257651109
WLY	JOHN WILEY & SONS	393,450	$18.76M	1.0%	$27.09	+15.9%	COM	968223206
—	BROOKFIELD INFRASTRUCTURE PART	489,335	$18.61M	1.0%	$36.52	—	UNT	g16252101
A	AGILENT TECHNOLOGIES	352,140	$18.05M	0.9%	$27.97	+8.8%	COM	00846U101
AAPL	APPLE INC	37,820	$18.03M	0.9%	$13.16	+8.5%	COM	037833100
FCX	FREEPORT MCMORAN COPPER	543,080	$17.96M	0.9%	$25.61	+0.2%	COM	35671D857
F	FORD MOTOR	1,042,280	$17.58M	0.9%	$8.66	+4.1%	COM	345370860
GBX	THE GREENBRIER COMPANIES	709,025	$17.53M	0.9%	$17.08	+0.0%	COM	393657101
ERIC	LM ERICSSON TELEPHONE ADR	1,312,700	$17.52M	0.9%	$11.28	—	COM	294821608
NSRGY	NESTLE SA ADR	248,655	$17.31M	0.9%	$65.78	—	COM	641069406
—	GLAXOSMITHKLINE PLC ADR	337,435	$16.93M	0.9%	$49.97	—	COM	37733w105
FDX	FEDEX CORPORATION	143,827	$16.41M	0.8%	$81.95	+11.4%	COM	31428X106
BASFY	BASF ADR	168,600	$16.19M	0.8%	$89.49	—	COM	055262505
—	JOHNSON CONTROLS	375,000	$15.56M	0.8%	$41.50	—	COM	478366107
—	WESTPAC BANKING ADR	507,000	$15.55M	0.8%	$50.72	—	COM	961214301
—	PALL	201,525	$15.53M	0.8%	$66.43	—	COM	696429307
SPH	SUBURBAN PROPANE PARTNERS LP	328,550	$15.38M	0.8%	$46.45	—	MLP	864482104
HTHIY	HITACHI LTD ADR	227,700	$15.11M	0.8%	$64.56	—	COM	433578507
—	JDS UNIPHASE	1,000,000	$14.71M	0.8%	$14.39	—	COM	46612J507
HAL	HALLIBURTON COMPANY	303,000	$14.59M	0.7%	$37.32	0.0%	COM	406216101
OMC	OMNICOM GROUP	225,000	$14.27M	0.7%	$40.69	+4.5%	COM	681919106
—	TEEKAY LNG PARTNERS LP	313,815	$13.84M	0.7%	$43.71	—	UNT	Y8564M105
KO	COCA-COLA	363,400	$13.77M	0.7%	$27.85	-3.9%	COM	191216100
BCE	B C E	315,080	$13.45M	0.7%	$22.29	-7.2%	COM	05534B760
—	TRANSCANADA CORP ADR	301,245	$13.24M	0.7%	$43.11	—	COM	89353D107
XYL	XYLEM	466,660	$13.03M	0.7%	$23.40	-2.9%	COM	98419M100
LDOS	LEIDOS HOLDINGS	278,209	$12.66M	0.6%	$21.28	0.0%	COM	525327102
—	UNILEVER N V - NEW YORK SHS AD	327,800	$12.37M	0.6%	$39.31	—	COM	904784709
SAP	SAP AG ADR	160,000	$11.83M	0.6%	$72.83	—	COM	803054204
—	UNILEVER PLC ADR	229,265	$8.845M	0.5%	$40.45	—	COM	904767704
—	BP PRUDHOE BAY ROYALTY TRUST	100,000	$8.669M	0.4%	$96.27	—	UNT	055630107
SAIC	SCIENCE APPLICATIONS INT'L COR	158,979	$5.366M	0.3%	$31.48	0.0%	COM	808625107
ARLP	ALLIANCE RESOURCE PARTNERS LP	70,000	$5.189M	0.3%	$70.63	—	MLP	01877R108
—	SEASPAN CORP - HK	200,000	$4.894M	0.3%	$20.75	—	COM	Y75638109
—	ROYAL DUTCH SHELL PLC ADR A	65,730	$4.317M	0.2%	$63.80	—	COM	780259206
—	EMC CORP	161,885	$4.138M	0.2%	$23.68	—	COM	268648102
—	PLUM CREEK TIMBER	87,665	$4.105M	0.2%	$46.68	—	COM	729251108
BAYRY	BAYER ADR	23,720	$2.798M	0.1%	$106.67	—	COM	072730302
EFX	EQUIFAX	45,178	$2.704M	0.1%	$53.06	+2.3%	COM	294429105
PFE	PFIZER	83,395	$2.396M	0.1%	$16.46	-0.6%	COM	717081103
—	KRAFT FOODS GROUP	45,073	$2.365M	0.1%	$55.87	—	COM	50076Q106
—	UNITED TECHNOLOGIES	21,550	$2.324M	0.1%	$92.93	—	COM	913017109
NEE	NEXTERA ENERGY	27,575	$2.21M	0.1%	$14.15	+4.9%	COM	65339F101
—	HEALTH CARE REIT	34,740	$2.167M	0.1%	$67.03	—	COM	42217K106
RY	ROYAL BANK CANADA MONTREAL	24,222	$1.555M	0.1%	$59.71	+4.0%	COM	780087102
NSC	NORFOLK SOUTHERN	20,020	$1.549M	0.1%	$57.50	-0.9%	COM	655844108
—	CANADIAN PACIFIC RAILWAY LTD	11,505	$1.419M	0.1%	$121.41	—	COM	13645T100
PH	PARKER-HANNIFIN	12,787	$1.39M	0.1%	$75.97	+10.3%	COM	701094104
BMY	BRISTOL-MYERS SQUIBB	23,155	$1.072M	0.1%	$28.67	+1.9%	COM	110122108
—	BB&T	26,310	$888K	0.0%	$33.87	—	COM	054937107
—	DUKE ENERGY CORP NEW	12,638	$844K	0.0%	$67.53	—	COM	264399106
MSFT	MICROSOFT	25,325	$843K	0.0%	$26.71	+1.1%	COM	594918104
—	MCGRAW-HILL FINANCIAL	12,175	$799K	0.0%	$53.21	—	COM	580645109
—	ANADARKO PETROLEUM	7,500	$697K	0.0%	$85.87	—	COM	032511107
QCOM	QUALCOMM	10,275	$692K	0.0%	$45.06	+3.3%	COM	747525103
BRK/B	BERKSHIRE HATHAWAY CL B	5,000	$568K	0.0%	$115.36	0.0%	COM	084670702
WFC	WELLS FARGO & CO NEW	12,155	$502K	0.0%	$30.19	0.0%	COM	949746101
CPB	CAMPBELL SOUP	11,300	$460K	0.0%	$30.86	-0.7%	COM	134429109
RIO	RIO TINTO PLC SPON ADR	9,100	$444K	0.0%	$41.10	—	COM	767204100
—	PIEDMONT NATURAL GAS	12,200	$401K	0.0%	$33.77	—	COM	720186105
—	SUNEDISON	50,000	$398K	0.0%	$8.16	—	COM	86732Y109
—	TECHNIP ADR	8,350	$246K	0.0%	$25.39	—	COM	878546209
—	BT GROUP PLC ADR	3,850	$213K	0.0%	$55.32	—	COM	05577e101
CMI	CUMMINS INC	1,600	$213K	0.0%	$89.10	0.0%	COM	231021106
—	NUVERRA ENVIRONMENTAL SOLUTION	20,000	$46,000	0.0%	$2.90	—	COM	67091K104