13F-HR 1 thirteen2q12.txt 2Q12 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR FORM 13F COVER PAGE Report for the Calendar Year of Quarter Ended: June 30, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: AMERICAN RESEARCH & MANAGEMENT CO. Address: 145 FRONT STREET, PO BOX 576 MARION, MA 02738 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: ERIC H. STRAND Title: PRESIDENT Phone: 508 748 1665 Signature, Place, and Date of Signing: /S/ ERIC H. STRAND MARION, MA ------------------- ------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F-HR SUMMARY PAGE Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: 343 Form 13F Information Table Value Total: $154,001 (thousands) List of Other Included Managers: Eric H. Strand Andrew F. McIntire
MARKET TITLE VALUE SHARE/ OF (USD) PRN SHARE/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X 1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------------------------------------------------------------------------------------------------------- 3M Company com 88579Y101 94 1,045 Sh sole 01 02 1,045 A G L Resources Inc com 001204106 16 400 Sh sole 01 02 400 A X A Sponsored ADR adr 054536107 - 30 Sh sole 01 02 30 A123 Systems, Inc. com 03739T108 1 400 Sh sole 01 02 400 Abbott Laboratories com 002824100 249 3,870 Sh sole 01 02 3,870 Accenture Ltd Cl A com G1150G111 41 688 Sh sole 01 02 688 Acco Brands Corp com 00081T108 44 4,228 Sh sole 01 02 4,228 Accuray Inc com 004397105 3 500 Sh sole 01 02 500 Adobe Systems com 00724F101 708 21,870 Sh sole 01 02 21,420 450 Aercap Holdings N.V.Eur0.01 com N00985106 11 1,000 Sh sole 01 02 1,000 Air Prod & Chemicals Inc com 009158106 4 50 Sh sole 01 02 50 Alcatel Lucent ADR adr 013904305 1 637 Sh sole 01 02 637 Alcoa com 013817101 3 300 Sh sole 01 02 300 Alliance Res Partners LP lp 01877R108 67 1,200 Sh sole 01 02 1,200 Allstate Corporation com 020002101 18 500 Sh sole 01 02 500 Altria Group Inc com 02209S103 2,939 85,069 Sh sole 01 02 83,369 1,700 American Ecology Cp New com 025533407 11 600 Sh sole 01 02 600 Amerigas Partners Lp lp 030975106 12 300 Sh sole 01 02 300 Amgen com 031162100 544 7,460 Sh sole 01 02 7,460 Analog Devices com 032654105 5,052 134,125 Sh sole 01 02 132,925 1,200 Andersons Inc com 034164103 13 300 Sh sole 01 02 300 Anglo American PLC ADR adr 669947889 9 546 Sh sole 01 02 546 Annaly Capital Management Inc com 035710409 25 1,500 Sh sole 01 02 1,500 Apache Corp com 037411105 41 470 Sh sole 01 02 470 Apple Computer Inc com 037833100 171 292 Sh sole 01 02 292 Apt Invt & Mgmt A com 03748R101 41 1,500 Sh sole 01 02 1,500 AT&T Inc. com 00206R102 681 19,090 Sh sole 01 02 19,090 Aust&New Zealnd Bkg Adrf adr 052528304 11 500 Sh sole 01 02 500 Automatic Data Processing com 053015103 1,760 31,616 Sh sole 01 02 29,866 1,750 Avalonbay Cmntys Inc com 053484101 165 1,168 Sh sole 01 02 1,168 Ball Corporation com 058498106 66 1,600 Sh sole 01 02 1,600 Bank of America Corp com 060505104 18 2,163 Sh sole 01 02 2,163 Bank of New York Mellon Corp com 064058100 34 1,556 Sh sole 01 02 1,556 Barclays 1-3 year Credit Bd ET com 464288646 1,140 10,890 Sh sole 01 02 10,890 Beam Inc com 073730103 1,926 30,815 Sh sole 01 02 29,815 1,000 Becton Dickinson Co com 075887109 474 6,336 Sh sole 01 02 6,336 Bemis com 081437105 19 600 Sh sole 01 02 - 600 Berkshire Hathaway Cl B com 084670702 1,341 16,095 Sh sole 01 02 16,095 BHP Billiton LTD ADR adr 088606108 229 3,500 Sh sole 01 02 3,500 Biogen Idec Inc com 09062X103 43 300 Sh sole 01 02 300 Boardwalk Pipeline Ptnrs LP lp 096627104 224 8,125 Sh sole 01 02 7,325 800 Boston Scientific Corp com 101137107 16 2,839 Sh sole 01 02 2,839 Boswell J G Co com 101205102 2,377 3,234 Sh sole 01 02 3,204 30 BP PLC ADR adr 055622104 209 5,156 Sh sole 01 02 5,156 Bristol-Myers Squibb com 110122108 46 1,267 Sh sole 01 02 1,267 Broadridge Financial Solutions com 11133T103 1 39 Sh sole 01 02 39 Brookline Bncp New Del com 11373M107 10 1,115 Sh sole 01 02 1,115 C H Robinson Worldwide com 12541W209 24 410 Sh sole 01 02 410 Cambridge Bancorp com 132152103 248 7,608 Sh sole 01 02 - 7,608 Campbell Soup Company com 134429109 10 300 Sh sole 01 02 300 Canada Bond Index ETF-Pimco com 72201R759 15 150 Sh sole 01 02 150 Canadian Dollar ETF-CurrencySh com 23129X105 15 150 Sh sole 01 02 150 Canadian National Railroad com 136375102 12 145 Sh sole 01 02 145 Canadian Oil Sands New com 13642L100 8 400 Sh sole 01 02 400 Canadian Pacific Railway Ltd com 13645T100 187 2,550 Sh sole 01 02 2,550 Canadian Western Bank com 13677F101 156 6,050 Sh sole 01 02 6,050 Capella Education Co com 139594105 35 1,000 Sh sole 01 02 1,000 Carmax Inc com 143130102 34 1,300 Sh sole 01 02 1,300 Caterpillar com 149123101 39 460 Sh sole 01 02 460 Cdn Imperial Bk Comm com 136069101 156 2,220 Sh sole 01 02 2,220 Cenovus Energy Inc com 15135U109 3,878 121,950 Sh sole 01 02 120,250 1,700 Centurylink Inc com 156700106 4 104 Sh sole 01 02 104 Chesapeake Energy Corp com 165167107 11 600 Sh sole 01 02 600 ChevronTexaco com 166764100 3,387 32,108 Sh sole 01 02 31,758 350 Chicago Mercantile Exchange com 167760107 391 1,457 Sh sole 01 02 1,232 225 Childrens Place Retail com 168905107 2 45 Sh sole 01 02 45 Chipotle Mexican Grill com 169656105 9 24 Sh sole 01 02 24 Church & Dwight com 171340102 4,620 83,292 Sh sole 01 02 82,092 1,200 Cisco Systems com 17275R102 251 14,615 Sh sole 01 02 13,615 1,000 Citadel Broadcasting Corp com 17285T106 - 21 Sh sole 01 02 21 Citigroup com 172967101 4 140 Sh sole 01 02 140 Cleantech ETF-PowerShares com 73935X278 3 125 Sh sole 01 02 125 Cliffs Natural Res Inc com 18683K101 10 200 Sh sole 01 02 200 Coca Cola Company com 191216100 173 2,218 Sh sole 01 02 2,218 Cohen & Steers Reit com 19247X100 15 900 Sh sole 01 02 900 Colgate-Palmolive Co com 194162103 130 1,245 Sh sole 01 02 1,245 Comcast Corp Class A com 20030N101 41 1,273 Sh sole 01 02 1,273 Comerica Incorporated com 200340107 23 750 Sh sole 01 02 750 Compania De Minas ADR adr 204448104 4 100 Sh sole 01 02 100 Conocophillips com 20825C104 35 635 Sh sole 01 02 635 Conseco Inc com 208464883 - 1 Sh sole 01 02 1 Converted Organics Inc com 21254S107 - 2 Sh sole 01 02 2 Costar Grp Inc com 22160N109 1 11 Sh sole 01 02 11 Costco Whsl Corp New com 22160K105 10 100 Sh sole 01 02 100 Covidien LTD com G2552X108 39 725 Sh sole 01 02 725 Cree Inc com 225447101 95 3,700 Sh sole 01 02 3,700 CVS Corp Del com 126650100 15 325 Sh sole 01 02 325 Deere & Co com 244199105 594 7,350 Sh sole 01 02 7,350 Devon Energy Corp New com 25179M103 9 150 Sh sole 01 02 150 Diageo Plc New Adr adr 25243Q205 2 15 Sh sole 01 02 15 DJ-AIG Commodity Index ETN com 06738C778 247 6,145 Sh sole 01 02 6,145 Dominion Res Inc VA New com 25746U109 30 548 Sh sole 01 02 548 Dover com 260003108 4,226 78,835 Sh sole 01 02 76,935 1,900 Du Pont E I De Nemour com 263534109 1,505 29,760 Sh sole 01 02 28,760 1,000 Duke Energy New com 26441C105 48 2,100 Sh sole 01 02 2,100 Dunkin Brands Group Inc com 265504100 7 200 Sh sole 01 02 200 Dynamic Oil & Gas Services ETF com 73935X625 1 50 Sh sole 01 02 50 Dynex Capital Inc New com 26817Q506 10 1,000 Sh sole 01 02 1,000 E M C Corp Mass com 268648102 2,575 100,465 Sh sole 01 02 100,465 Eastman Chemical Co com 277432100 15 300 Sh sole 01 02 300 Ecolab com 278865100 34 500 Sh sole 01 02 500 Electronic Arts Inc com 285512109 2 130 Sh sole 01 02 130 Eli Lilly & Company com 532457108 19 450 Sh sole 01 02 300 150 Emer Mkts Lcl Curr Bd ETF-Mark com 57060U522 1,564 61,200 Sh sole 01 02 61,200 Emerson Electric Co com 291011104 109 2,345 Sh sole 01 02 2,345 Enbridge Energy Partners LP lp 29250R106 25 800 Sh sole 01 02 800 Enbridge Inc com 29250N105 48 1,200 Sh sole 01 02 1,200 Encana com 292505104 3,336 160,146 Sh sole 01 02 157,196 2,950 Energy Transfer Partners LP lp 29273R109 913 20,670 Sh sole 01 02 20,170 500 Enterprise Products Partners LP lp 293792107 36 700 Sh sole 01 02 700 Equifax Inc com 294429105 37 800 Sh sole 01 02 800 Exact Sciences Corp com 30063P105 3 250 Sh sole 01 02 250 Expeditors Intl Wash com 302130109 2,235 57,685 Sh sole 01 02 57,235 450 Express Scripts Inc com 302182100 9 166 Sh sole 01 02 166 Exxon Mobil com 30231G102 8,841 103,321 Sh sole 01 02 94,321 9,000 F5 Networks Inc com 315616102 1,409 14,155 Sh sole 01 02 14,155 Facebook, Inc. com 30303M102 53 1,705 Sh sole 01 02 1,705 Factset Research Systems com 303075105 14 150 Sh sole 01 02 150 Fairpoint Communications com 305560104 - 11 Sh sole 01 02 11 Fairpoint Communications Inc com 305560104 - 3 Sh sole 01 02 3 Fast Retailing Co Ord com J1346E100 8 40 Sh sole 01 02 40 Fastenal Co com 311900104 36 900 Sh sole 01 02 900 Female Health Co Com com 314462102 6 1,000 Sh sole 01 02 1,000 Fidelity Natl Info Svcs com 31620M106 20 600 Sh sole 01 02 600 First Potomac Realty Tr com 33610F109 2,007 170,528 Sh sole 01 02 170,528 Fiserv com 337738108 2,185 30,251 Sh sole 01 02 30,051 200 Ford Motor Company New com 345370860 6 600 Sh sole 01 02 600 Forest Laboratories Inc com 345838106 8 216 Sh sole 01 02 216 Fortune Brands Home & Security com 34964C106 613 27,540 Sh sole 01 02 27,540 Freeport-McMoRan Copper & Gold com 35671D857 17 500 Sh sole 01 02 500 Frontier Communications Corp com 35906A108 5 1,266 Sh sole 01 02 1,266 Ftse China ETF-iShares com 464288190 4 100 Sh sole 01 02 100 Fusion-io Inc com 36112J107 563 26,935 Sh sole 01 02 26,935 Gabelli Equity Trust com 362397101 5 1,000 Sh sole 01 02 1,000 Gabelli Utility Trust com 36240A101 6 800 Sh sole 01 02 800 Gamestop Corp Cl A New com 36467W109 - 10 Sh sole 01 02 10 General Electric com 369604103 2,682 128,718 Sh sole 01 02 128,168 550 Gentex Corp com 371901109 762 36,500 Sh sole 01 02 36,200 300 Glacier Bancorp Inc New com 37637Q105 1,890 122,224 Sh sole 01 02 121,424 800 Glaxosmithkline PLC ADRF adr 37733W105 6 125 Sh sole 01 02 125 Global Water Portfolio ETF-Pow com 73936T623 1 70 Sh sole 01 02 70 Gold Shares ETF-SPDR com 863307104 78 501 Sh sole 01 02 501 Goldman Sachs 6.20% Pfd com 38144X500 2,857 127,252 Sh sole 01 02 123,602 3,650 Goldman Sachs Group Inc com 38141G104 3 30 Sh sole 01 02 30 Google Inc Cl A com 38259P508 32 55 Sh sole 01 02 55 Graco Incorporated com 384109104 6 125 Sh sole 01 02 125 H C P Inc com 40414L109 38 866 Sh sole 01 02 866 Hawkins Inc com 420261109 134 3,500 Sh sole 01 02 3,500 Health Care Reit Inc com 42217K106 54 930 Sh sole 01 02 930 Hecla Mining Company com 422704106 103 21,700 Sh sole 01 02 21,700 Hershey Foods Corp com 427866108 40 550 Sh sole 01 02 550 Hewlett-Packard Company com 428236103 11 525 Sh sole 01 02 525 Hologic Inc com 436440101 7 400 Sh sole 01 02 400 Home Depot com 437076102 16 300 Sh sole 01 02 300 Home Properties Inc com 437306103 74 1,200 Sh sole 01 02 1,200 Honda Motor Co Ltd Adr adr 438128308 39 1,125 Sh sole 01 02 1,125 Hospitality Ppty com 44106M508 12 450 Sh sole 01 02 450 Hospitality Properties Trust com 44106M102 22 900 Sh sole 01 02 900 Host Hotels & Resorts Inc Com com 44107P104 1 45 Sh sole 01 02 45 Hudson Valley Holding Corp com 444172100 23 1,252 Sh sole 01 02 1,252 Human Genome Sciences com 444903108 10 750 Sh sole 01 02 750 Huntington Bancshares com 446150104 63 9,921 Sh sole 01 02 9,921 Iboxx $ High Yield Corp Bd ETF com 464288513 843 9,230 Sh sole 01 02 9,230 Iboxx $ Inv Grade Corp Bd ETF- com 464287242 2,046 17,400 Sh sole 01 02 17,400 Idearc Inc Com com 451663108 - 9 Sh sole 01 02 9 Illinois Tool Works Inc com 452308109 2,176 41,145 Sh sole 01 02 40,345 800 Illumina Inc com 452327109 14 350 Sh sole 01 02 350 Imperial Oil LTD Com New com 453038408 890 21,330 Sh sole 01 02 20,930 400 Independent Bank (MA) Corporat com 453836108 64 2,179 Sh sole 01 02 2,179 Integrys Energy Group com 45822P105 7 125 Sh sole 01 02 125 Intel com 458140100 18 662 Sh sole 01 02 662 International Assets Hldg Corp com 459028106 971 50,185 Sh sole 01 02 50,185 International Business Machine com 459200101 2,323 11,879 Sh sole 01 02 10,804 1,075 Invesco Quality Municipal Inco com 61745P734 21 1,461 Sh sole 01 02 1,461 Iron Mountain Inc New com 462846106 20 600 Sh sole 01 02 - 600 J M Smuckers Co New com 832696405 9 113 Sh sole 01 02 113 J P Morgan Chase & Co com 46625H100 149 4,173 Sh sole 01 02 4,173 Jarden Corp com 471109108 9 225 Sh sole 01 02 225 Jardine Matheson Adr adr 471115402 7 135 Sh sole 01 02 135 Jefferies Group Inc com 472319102 780 60,075 Sh sole 01 02 59,575 500 Johnson & Johnson com 478160104 5,298 78,419 Sh sole 01 02 77,069 1,350 Joy Global Inc com 481165108 50 875 Sh sole 01 02 875 JP Morgan Chase Cap X Pfd 7% 0 com 46623D200 2,707 114,150 Sh sole 01 02 111,250 2,900 JP Morgan USD Emer Mkt Bd ETF- com 464288281 404 3,520 Sh sole 01 02 3,520 Juniper Networks Inc com 48203R104 4 275 Sh sole 01 02 275 Kellogg Company com 487836108 7 150 Sh sole 01 02 150 Keweenaw Land Assn LTD com 493026108 506 6,742 Sh sole 01 02 6,742 Kimco Realty Corp com 49446R109 6 300 Sh sole 01 02 300 Kinder Morgan Energy Partners lp 494550106 835 10,620 Sh sole 01 02 10,270 350 Kraft Foods Inc com 50075N104 173 4,476 Sh sole 01 02 4,476 Leucadia National com 527288104 1,670 78,520 Sh sole 01 02 78,520 Liberty Property Trust com 531172104 52 1,400 Sh sole 01 02 1,400 Lincoln National Corp com 534187109 33 1,500 Sh sole 01 02 1,500 Lindsay Corp Com com 535555106 5 80 Sh sole 01 02 80 Lionbridge Tech Inc com 536252109 9 3,000 Sh sole 01 02 3,000 Magellan Midstream Partners LP lp 559080106 777 11,000 Sh sole 01 02 10,600 400 Marriott Intl Inc Cl A com 571903202 14 359 Sh sole 01 02 359 Marriott Vacations Worldwide C com 57164Y107 1 35 Sh sole 01 02 35 McDonalds Corp com 580135101 13 150 Sh sole 01 02 150 Mcewen Mining Inc com 58039P107 92 30,595 Sh sole 01 02 30,595 McGraw-Hill com 580645109 36 800 Sh sole 01 02 800 Meadwestvaco Corporation com 583334107 365 12,700 Sh sole 01 02 12,700 Medtronic com 585055106 52 1,355 Sh sole 01 02 1,355 Merck com 58933Y105 1,064 25,497 Sh sole 01 02 24,347 1,150 Metlife Inc com 59156R108 31 1,000 Sh sole 01 02 1,000 Microsoft com 594918104 800 26,157 Sh sole 01 02 26,157 Mid Amer Apt Cmntys Inc com 59522J103 109 1,600 Sh sole 01 02 1,600 Mosaic Company com 61945A107 593 10,825 Sh sole 01 02 10,575 250 MSC Industrial Direct com 553530106 609 9,291 Sh sole 01 02 8,266 1,025 MSCI EAFE ETF-iShares com 464287465 21 425 Sh sole 01 02 425 MSCI Emer Mkts ETF-iShares com 464287234 6 150 Sh sole 01 02 150 MSCI Emer Mkts ETF-Vanguard com 922042858 376 9,410 Sh sole 01 02 9,410 Mylan Laboratories Inc com 628530107 57 2,687 Sh sole 01 02 2,687 Natural Resource Ptnr LP lp 63900P103 275 12,390 Sh sole 01 02 12,390 Nestle S A Reg B ADR adr 641069406 1,203 20,133 Sh sole 01 02 20,133 Newmont Mining Corp com 651639106 119 2,462 Sh sole 01 02 2,462 NextEra Energy, Inc. com 302571104 21 300 Sh sole 01 02 300 Norfolk Southern Corp com 655844108 43 600 Sh sole 01 02 600 Northeast Utilities com 664397106 47 1,207 Sh sole 01 02 1,207 Northern Dynasty Minerals LTD com 66510M204 26 11,100 Sh sole 01 02 11,100 Northern Oil & Gas Inc Nev com 665531109 223 14,000 Sh sole 01 02 14,000 Novartis A G Spon ADR adr 66987V109 2,991 53,507 Sh sole 01 02 52,707 800 Nucor Corp com 670346105 3 80 Sh sole 01 02 80 Nvidia Corp com 67066G104 8 600 Sh sole 01 02 600 Nxp Semiconductors Nv com N6596X109 21 900 Sh sole 01 02 900 Occidental Pete Corp com 674599105 904 10,540 Sh sole 01 02 10,390 150 Ocean Spray com 675022206 11 1,323 Sh sole 01 02 1,323 Ocean Spray Cranber Pfd com 675022305 - 20 Sh sole 01 02 20 Odyssey Marine Exploratio com 676118102 1 225 Sh sole 01 02 225 Oracle Corporation com 68389X105 29 982 Sh sole 01 02 982 Pac-West Telecomm Incxxx com 69371Y101 - 100 Sh sole 01 02 100 Paychex Inc com 704326107 1,212 38,580 Sh sole 01 02 38,580 Peabody Energy Corp com 704549104 222 9,052 Sh sole 01 02 9,052 Peets Coffee & Tea Inc com 705560100 60 1,000 Sh sole 01 02 1,000 Penn VA Resource Partners LP lp 707884102 60 2,450 Sh sole 01 02 2,450 Pepsico com 713448108 3,739 52,914 Sh sole 01 02 51,814 1,100 Petroleo Brasileiro Sa Petrobr com 71654V408 4 200 Sh sole 01 02 200 Pfizer com 717081103 383 16,639 Sh sole 01 02 16,639 Philip Morris Intl Inc com 718172109 3,510 40,222 Sh sole 01 02 39,522 700 Phillips 66 com 718546104 11 317 Sh sole 01 02 317 Piedmont Natural Gas Co com 720186105 60 1,850 Sh sole 01 02 1,850 Pitney Bowes Inc com 724479100 16 1,064 Sh sole 01 02 1,064 Plug Power, Inc com 72919P202 11 10,000 Sh sole 01 02 10,000 Plum Creek Timber Co com 729251108 3,353 84,460 Sh sole 01 02 82,610 1,850 Portfolio Recovery Associates com 73640Q105 675 7,395 Sh sole 01 02 7,295 100 Potash Corp of Saskatchewan com 73755L107 537 12,300 Sh sole 01 02 12,050 250 Potlatch Corporation New com 737630103 125 3,900 Sh sole 01 02 3,900 Praxair Inc com 74005P104 20 180 Sh sole 01 02 180 Privatebancorp Cap Tr Iv Gtd com 74272L208 2,523 96,281 Sh sole 01 02 94,581 1,700 Privatebancorp Inc com 742962103 114 7,700 Sh sole 01 02 7,700 Procter & Gamble com 742718109 4,510 73,636 Sh sole 01 02 71,846 1,790 Progress Energy Inc com 743263105 57 950 Sh sole 01 02 950 Prologis Inc New com 74340W103 2 50 Sh sole 01 02 50 Pub Svc Ent Group com 744573106 3 100 Sh sole 01 02 100 Qualcomm Inc com 747525103 144 2,584 Sh sole 01 02 2,584 Quest Diagnostic Inc com 74834L100 12 200 Sh sole 01 02 200 Rare Earth/Str Metals ETF-Mark com 57060U472 3 200 Sh sole 01 02 200 Rayonier Inc com 754907103 357 7,950 Sh sole 01 02 7,950 Realty Income Corp com 756109104 2,940 70,390 Sh sole 01 02 70,390 Rio Tinto PLC ADR adr 204412209 145 3,040 Sh sole 01 02 2,640 400 Ritchie Bros Auctioneerf com 767744105 3 125 Sh sole 01 02 125 Robert Half International com 770323103 6 200 Sh sole 01 02 200 Roche Hldg Ltd Spon Adrf adr 771195104 10 240 Sh sole 01 02 240 Rockwell Automation Inc com 773903109 3 50 Sh sole 01 02 50 Royal Dutch Shell B Adrf adr 780259107 1,524 21,800 Sh sole 01 02 21,800 RTI Intl Metals Inc com 74973W107 2 100 Sh sole 01 02 100 Russell Midcap ETF-iShares com 464287499 16 150 Sh sole 01 02 150 S A P Aktiengesell Adr adr 803054204 15 250 Sh sole 01 02 250 S&P 500 ETF-SPDR com 78462F103 54 395 Sh sole 01 02 395 S&P U.S. Pref Stock ETF-iShare com 464288687 12 300 Sh sole 01 02 300 Safeguard Scientific com 786449207 1,178 76,123 Sh sole 01 02 76,123 Schlumberger LTD com 806857108 59 910 Sh sole 01 02 910 Seaboard Corp com 811543107 4 2 Sh sole 01 02 2 Seabridge Gold Inc com 811916105 61 4,200 Sh sole 01 02 4,200 Skechers U S A Inc Cl A com 830566105 1 33 Sh sole 01 02 33 Smith & Wesson Hldg Corp com 831756101 13 1,600 Sh sole 01 02 1,600 Sonoco Prods Co com 835495102 42 1,400 Sh sole 01 02 1,400 Southern Copper Corp com 84265V105 32 1,010 Sh sole 01 02 1,010 Spectra Energy Corp com 847560109 19 650 Sh sole 01 02 650 St Mary Land & Expl Co com 792228108 93 1,900 Sh sole 01 02 1,900 Staples com 855030102 39 3,000 Sh sole 01 02 3,000 State Street Corp com 857477103 150 3,355 Sh sole 01 02 3,355 Stryker Corp com 863667101 1,274 23,115 Sh sole 01 02 23,115 Sturm Ruger & Co Inc com 864159108 4 100 Sh sole 01 02 100 Suburban Propane Prt LP lp 864482104 8 200 Sh sole 01 02 200 Suncoke Energy Inc com 86722A103 7 477 Sh sole 01 02 477 Sunoco Inc com 86764P109 43 900 Sh sole 01 02 900 Suntech Power Hldgs Co LTD com 86800C104 - 150 Sh sole 01 02 150 Suntrust Banks Inc com 867914103 101 4,150 Sh sole 01 02 4,150 Sysco Corporation com 871829107 267 8,945 Sh sole 01 02 8,945 Target Corporation com 87612E106 12 200 Sh sole 01 02 200 Tata Motors Ltd Adr adr 876568502 3 150 Sh sole 01 02 150 Teleflex com 879369106 372 6,109 Sh sole 01 02 6,009 100 Tetra Tech Inc New com 88162G103 10 400 Sh sole 01 02 400 Teva Pharm Inds LTD ADRF adr 881624209 13 330 Sh sole 01 02 330 Texas Instruments com 882508104 10 350 Sh sole 01 02 - 350 Textron Incorporated com 883203101 10 400 Sh sole 01 02 400 The Charles Schwab Corp com 808513105 335 25,900 Sh sole 01 02 25,900 The Southern Company com 842587107 135 2,911 Sh sole 01 02 2,911 TJX Cos com 872540109 86 2,000 Sh sole 01 02 2,000 Toronto Dominion Bank com 891160509 318 4,061 Sh sole 01 02 4,061 Total S A Adr adr 89151E109 42 924 Sh sole 01 02 924 Transcanada Corp com 89353D107 2,583 61,653 Sh sole 01 02 57,953 3,700 Transwitch Corp New com 894065309 - 25 Sh sole 01 02 25 Travelcenters Of America com 894174101 - 50 Sh sole 01 02 50 Travelers Companies Inc com 89417E109 1 22 Sh sole 01 02 22 Trico Bancshs Chico Ca com 896095106 6 400 Sh sole 01 02 400 Tyco Electronics LTD com G9144P105 23 725 Sh sole 01 02 725 Tyco Intl Ltd New com H89128104 38 725 Sh sole 01 02 725 U S Bancorp Del New com 902973304 130 4,030 Sh sole 01 02 4,030 U.S. Broad Market ETF-Schwab com 808524102 4 115 Sh sole 01 02 115 U-Blox Holding Ag Ord com H89210100 14 350 Sh sole 01 02 350 Unilever NV NY Shs Newf adr 904784709 20 608 Sh sole 01 02 608 Union Pacific Corp com 907818108 12 100 Sh sole 01 02 100 United Parcel Service B com 911312106 19 235 Sh sole 01 02 235 United Technologies Corp com 913017109 399 5,284 Sh sole 01 02 3,934 1,350 Unitedhealth Group Inc com 91324P102 12 200 Sh sole 01 02 200 Unitil Corp com 913259107 27 1,000 Sh sole 01 02 - 1,000 Verizon Communications com 92343V104 200 4,509 Sh sole 01 02 4,509 Vertex Pharmaceuticals com 92532F100 89 1,600 Sh sole 01 02 1,600 Virtualscopics Inc com 928269109 6 7,000 Sh sole 01 02 7,000 Vodafone Group PLC ADR adr 92857W209 - 10 Sh sole 01 02 10 Volkswagen AG Spon ADRF adr 928662303 18 600 Sh sole 01 02 600 Vornado Realty Trust com 929042109 74 879 Sh sole 01 02 879 Walgreen Company com 931422109 34 1,150 Sh sole 01 02 1,150 Wal-Mart com 931142103 28 400 Sh sole 01 02 400 Walt Disney Co com 254687106 295 6,090 Sh sole 01 02 6,090 Washington Mutual Inc com 939322103 - 298 Sh sole 01 02 298 Washington Trust Bancorp com 940610108 94 3,836 Sh sole 01 02 3,836 Water Resources Portfolio ETF- com 73935X575 1 70 Sh sole 01 02 70 Waterfurnace Renewable Energy com 9415EQ108 26 1,650 Sh sole 01 02 1,650 Waters Corp com 941848103 3,093 38,915 Sh sole 01 02 38,115 800 Webmd Health Corp Cl A com 94770V102 2 90 Sh sole 01 02 90 Weingarten Rlty Investors com 948741103 72 2,750 Sh sole 01 02 2,750 Wells Fargo & Co New com 949746101 191 5,722 Sh sole 01 02 5,222 500 Wells Fargo Pref Stock ETF-SPD com 78464A292 2,213 48,900 Sh sole 01 02 47,650 1,250 Weyerhaeuser Co com 962166104 10 426 Sh sole 01 02 426 Whole Foods Market com 966837106 6 60 Sh sole 01 02 60 WilderHill Clean Energy ETF-Po com 73935X500 1 175 Sh sole 01 02 175 Wiley John & Son Cl A com 968223206 2,542 51,885 Sh sole 01 02 50,685 1,200 WW Grainger Inc com 384802104 57 300 Sh sole 01 02 - 300 Xcel Energy Inc com 98389B100 3 100 Sh sole 01 02 100 Yum Brands Inc com 988498101 10 150 Sh sole 01 02 150