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
Huadian Power International C CS 614278901 16 40,000 SH   SOLE   40,000 0 0
Kingmaker Footwear Holdings CS 649209905 26 120,000 SH   SOLE   120,000 0 0
Restaurant Brands NZ Ltd CS 600298905 269 45,000 SH   SOLE   45,000 0 0
Westshore Terminals Investmen CS 96145a960 152 10,120 SH   SOLE   10,120 0 0
3M Corp. CS 88579Y101 1,225 5,895 SH   SOLE   5,895 0 0
A T & T CS 00206R102 1,272 40,555 SH   SOLE   40,555 0 0
AMN Healthcare Services CS 001744101 941 19,980 SH   SOLE   19,980 0 0
AbbVie Inc. CS 00287y109 658 8,159 SH   SOLE   8,159 0 0
Abbott Labs CS 002824100 2,061 25,778 SH   SOLE   25,778 0 0
Acuity Brands CS 00508Y102 966 8,051 SH   SOLE   8,051 0 0
Akamai Technologies CS 00971t101 484 6,750 SH   SOLE   6,750 0 0
Alaska Air CS 011659109 285 5,075 SH   SOLE   5,075 0 0
Albemarle Corp. CS 012653101 414 5,050 SH   SOLE   5,050 0 0
Alexandria Real Estate CS 015271109 795 5,575 SH   SOLE   5,575 0 0
Alphabet Inc Class A CS 02079k305 1,107 941 SH   SOLE   941 0 0
Alphabet Inc Class C CS 02079k107 840 716 SH   SOLE   716 0 0
American Airlines Group Inc. CS 02376r102 485 15,262 SH   SOLE   15,262 0 0
Ametek CS 031100100 597 7,200 SH   SOLE   7,200 0 0
Amgen CS 031162100 1,826 9,612 SH   SOLE   9,612 0 0
Analog Devices CS 032654105 1,316 12,500 SH   SOLE   12,500 0 0
Apple Computer CS 037833100 2,288 12,044 SH   SOLE   12,044 0 0
Astrazeneca CS 046353108 239 5,907 SH   SOLE   5,907 0 0
Atlas Air Worldwide CS 049164205 1,409 27,875 SH   SOLE   27,875 0 0
Axalta Coating Systems CS g0750c108 252 10,000 SH   SOLE   10,000 0 0
BB&T CS 054937107 825 17,725 SH   SOLE   17,725 0 0
Becton Dickinson CS 075887109 897 3,590 SH   SOLE   3,590 0 0
Berkshire Hathaway B CS 084670702 1,434 7,136 SH   SOLE   7,136 0 0
Biomarin Pharmaceutical CS 09061g101 311 3,500 SH   SOLE   3,500 0 0
Blackstone Mortgage Trust CS 09257w100 700 20,250 SH   SOLE   20,250 0 0
Boeing CS 097023105 1,028 2,695 SH   SOLE   2,695 0 0
Bristol Myers Squibb CS 110122108 1,610 33,737 SH   SOLE   33,737 0 0
Brooks Automation CS 114340102 1,842 62,817 SH   SOLE   62,817 0 0
Brunswick CS 117043109 206 4,100 SH   SOLE   4,100 0 0
C.V.S. Caremark CS 126650100 1,815 33,650 SH   SOLE   33,650 0 0
CBS CS 124857202 482 10,150 SH   SOLE   10,150 0 0
CF Industries CS 125269100 258 6,300 SH   SOLE   6,300 0 0
CME Group CS 12572q105 248 1,505 SH   SOLE   1,505 0 0
CSX Corp CS 126408103 1,816 24,275 SH   SOLE   24,275 0 0
Canadian Pacific CS 13645T100 205 995 SH   SOLE   995 0 0
Carnival Corp.-Cl A CS 143658300 1,744 34,378 SH   SOLE   34,378 0 0
Catalent CS 148806102 313 7,700 SH   SOLE   7,700 0 0
Century Bancorp CS 156432106 287 3,926 SH   SOLE   3,926 0 0
Cheniere Energy, Inc. CS 16411r208 284 4,150 SH   SOLE   4,150 0 0
Church and Dwight CS 171340102 5,698 80,000 SH   SOLE   80,000 0 0
Ciena Corporation CS 171779309 426 11,400 SH   SOLE   11,400 0 0
Cisco Systems CS 17275R102 4,541 84,100 SH   SOLE   84,100 0 0
Citizens Financial Group CS 174610105 936 28,800 SH   SOLE   28,800 0 0
Citrix Systems CS 177376100 239 2,400 SH   SOLE   2,400 0 0
Clorox Company CS 189054109 1,067 6,650 SH   SOLE   6,650 0 0
Coca-Cola CS 191216100 1,942 41,450 SH   SOLE   41,450 0 0
Colgate-Palmolive CS 194162103 630 9,188 SH   SOLE   9,188 0 0
Comcast Corp Cl A CS 20030n101 266 6,646 SH   SOLE   6,646 0 0
Constellation Brands CS 21036P108 451 2,575 SH   SOLE   2,575 0 0
Darden Restaurants CS 237194105 288 2,373 SH   SOLE   2,373 0 0
Delta Airlines CS 247361702 1,890 36,600 SH   SOLE   36,600 0 0
DexCom, Inc. CS 252131107 304 2,550 SH   SOLE   2,550 0 0
Digital Realty Trust CS 253868103 339 2,848 SH   SOLE   2,848 0 0
DowDuPont Inc CS 26078j100 499 9,361 SH   SOLE   9,361 0 0
ETRADE Financial Corp CS 269246401 506 10,900 SH   SOLE   10,900 0 0
EOG Resources CS 26875p101 521 5,470 SH   SOLE   5,470 0 0
Electronic Arts CS 285512109 1,039 10,225 SH   SOLE   10,225 0 0
Emerson Electric CS 291011104 593 8,658 SH   SOLE   8,658 0 0
Estee Lauder CS 518439104 1,982 11,975 SH   SOLE   11,975 0 0
Exxon Mobil CS 30231G102 2,069 25,611 SH   SOLE   25,611 0 0
Fabrinet CS g3323l100 602 11,500 SH   SOLE   11,500 0 0
Facebook Inc CS 30303m102 404 2,425 SH   SOLE   2,425 0 0
FedEx CS 31428X106 1,156 6,370 SH   SOLE   6,370 0 0
Fifth Third Bank CS 316773100 1,158 45,925 SH   SOLE   45,925 0 0
Fortune Brands & Home Security CS 34964c106 445 9,350 SH   SOLE   9,350 0 0
Freeport McMoran CS 35671D857 467 36,200 SH   SOLE   36,200 0 0
General Electric CS 369604103 374 37,455 SH   SOLE   37,455 0 0
General Mills CS 370334104 1,148 22,175 SH   SOLE   22,175 0 0
Gilead Sciences CS 375558103 644 9,905 SH   SOLE   9,905 0 0
GlaxoSmithKline CS 37733W105 606 14,500 SH   SOLE   14,500 0 0
H&E Equipment Services CS 404030108 404 16,101 SH   SOLE   16,101 0 0
HCA Holdings CS 40412c101 678 5,200 SH   SOLE   5,200 0 0
HSBC Holdings Pfd A CS 404280604 250 9,700 SH   SOLE   9,700 0 0
Harris CS 413875105 319 2,000 SH   SOLE   2,000 0 0
Home Depot CS 437076102 911 4,749 SH   SOLE   4,749 0 0
Honeywell Int'l. CS 438516106 848 5,337 SH   SOLE   5,337 0 0
ITT CS 450911102 458 7,890 SH   SOLE   7,890 0 0
Independent Bank CS 453836108 1,316 16,240 SH   SOLE   16,240 0 0
Installed Building Products In CS 45780r101 278 5,725 SH   SOLE   5,725 0 0
Int'l Bus. Mach. CS 459200101 1,364 9,665 SH   SOLE   9,665 0 0
Int'l Flvrs & Frag. CS 459506101 438 3,400 SH   SOLE   3,400 0 0
Intel CS 458140100 2,849 53,063 SH   SOLE   53,063 0 0
J.P. Morgan Chase CS 46625H100 816 8,058 SH   SOLE   8,058 0 0
Johnson & Johnson CS 478160104 4,872 34,851 SH   SOLE   34,851 0 0
Juniper CS 48203R104 721 27,250 SH   SOLE   27,250 0 0
Kansas City So. CS 485170302 1,300 11,205 SH   SOLE   11,205 0 0
Kellogg CS 487836108 1,014 17,673 SH   SOLE   17,673 0 0
KeyCorp CS 493267108 594 37,695 SH   SOLE   37,695 0 0
Kimberly Clark CS 494368103 2,588 20,888 SH   SOLE   20,888 0 0
Logitech International S.A. CS h50430232 261 6,640 SH   SOLE   6,640 0 0
M.D.C. Holdings, Inc. CS 552676108 359 12,358 SH   SOLE   12,358 0 0
Marathon Petroleum CS 56585a102 1,341 22,400 SH   SOLE   22,400 0 0
Materion Corp CS 576690101 215 3,775 SH   SOLE   3,775 0 0
McCormick & Company CS 579780206 1,408 9,350 SH   SOLE   9,350 0 0
McDonald's CS 580135101 1,038 5,467 SH   SOLE   5,467 0 0
Medtronic PLC CS g5960l103 856 9,400 SH   SOLE   9,400 0 0
Merck CS 58933y105 2,021 24,295 SH   SOLE   24,295 0 0
Microsoft CS 594918104 1,761 14,934 SH   SOLE   14,934 0 0
Mohawk Industries CS 608190104 659 5,225 SH   SOLE   5,225 0 0
Morgan Stanley CS 617446448 476 11,275 SH   SOLE   11,275 0 0
National Vision Holdings Inc CS 63845r107 236 7,500 SH   SOLE   7,500 0 0
Nektar Therapeutics CS 640268108 365 10,855 SH   SOLE   10,855 0 0
NextEra Energy Inc. CS 65339f101 271 1,400 SH   SOLE   1,400 0 0
Nike Inc Class B CS 654106103 982 11,660 SH   SOLE   11,660 0 0
Nividia CS 67066G104 431 2,400 SH   SOLE   2,400 0 0
Northrop Grumman CS 666807102 627 2,325 SH   SOLE   2,325 0 0
Novartis AG ADS CS 66987V109 253 2,630 SH   SOLE   2,630 0 0
PPG Industries CS 693506107 487 4,315 SH   SOLE   4,315 0 0
Packaging Corp of America CS 695156109 1,756 17,673 SH   SOLE   17,673 0 0
Parker Hannifin CS 701094104 727 4,235 SH   SOLE   4,235 0 0
Pepsico CS 713448108 421 3,438 SH   SOLE   3,438 0 0
Pfizer CS 717081103 2,087 49,134 SH   SOLE   49,134 0 0
Pioneer Natural Resources CS 723787107 548 3,600 SH   SOLE   3,600 0 0
Procter & Gamble CS 742718109 1,441 13,851 SH   SOLE   13,851 0 0
Prosperity Bancshares, Inc. CS 743606105 1,110 16,075 SH   SOLE   16,075 0 0
Pulte CS 745867101 587 21,000 SH   SOLE   21,000 0 0
Raytheon CS 755111507 446 2,450 SH   SOLE   2,450 0 0
ResMed Inc CS 761152107 244 2,350 SH   SOLE   2,350 0 0
Restaurant Brands Int'l CS 76131d103 711 10,927 SH   SOLE   10,927 0 0
Roche Holdings Ltd CS 771195104 657 19,107 SH   SOLE   19,107 0 0
Rockwell Automation CS 773903109 237 1,350 SH   SOLE   1,350 0 0
Ryder System, Inc. CS 783549108 638 10,300 SH   SOLE   10,300 0 0
SVB Financial Group CS 78486q101 261 1,175 SH   SOLE   1,175 0 0
Salesforce.com CS 79466l302 289 1,825 SH   SOLE   1,825 0 0
Schlumberger CS 806857108 387 8,874 SH   SOLE   8,874 0 0
Sensata Technologies CS g8060n102 834 18,525 SH   SOLE   18,525 0 0
Skyworks Solutions Inc CS 83088M102 938 11,375 SH   SOLE   11,375 0 0
Sony Corp CS 835699307 363 8,602 SH   SOLE   8,602 0 0
Square CS 852234103 693 9,250 SH   SOLE   9,250 0 0
Starbucks CS 855244109 379 5,100 SH   SOLE   5,100 0 0
State Street CS 857477103 872 13,250 SH   SOLE   13,250 0 0
Summit Materials Inc CS 86614u100 224 14,123 SH   SOLE   14,123 0 0
SunTrust Banks CS 867914103 1,126 19,000 SH   SOLE   19,000 0 0
Sysco Corp CS 871829107 698 10,454 SH   SOLE   10,454 0 0
T-Mobile US, Inc. CS 872590104 698 10,100 SH   SOLE   10,100 0 0
Take Two Interactive Software CS 874054109 368 3,900 SH   SOLE   3,900 0 0
Tellurian CS 87968a104 123 11,000 SH   SOLE   11,000 0 0
The FRS Company CS aci076053 0 114,324 SH   SOLE   114,324 0 0
Toll Brothers CS 889478103 373 10,300 SH   SOLE   10,300 0 0
Trinity Industries CS 896522109 529 24,350 SH   SOLE   24,350 0 0
UPS CS 911312106 1,511 13,525 SH   SOLE   13,525 0 0
Union Pacific CS 907818108 1,663 9,948 SH   SOLE   9,948 0 0
United Continental Holdings CS 910047109 1,647 20,648 SH   SOLE   20,648 0 0
United Rentals, Inc. CS 911363109 1,414 12,374 SH   SOLE   12,374 0 0
Valero CS 91913Y100 1,002 11,812 SH   SOLE   11,812 0 0
Veeva Systems Inc CS 922475108 235 1,850 SH   SOLE   1,850 0 0
Verizon Comm. CS 92343V104 992 16,770 SH   SOLE   16,770 0 0
Vertex Pharmaceuticals CS 92532F100 230 1,250 SH   SOLE   1,250 0 0
Virtu Financial, Inc. CS 928254101 1,327 55,868 SH   SOLE   55,868 0 0
Visa CS 92826c839 447 2,862 SH   SOLE   2,862 0 0
Vulcan Materials CS 929160109 1,172 9,900 SH   SOLE   9,900 0 0
Walmart Inc. CS 931142103 269 2,762 SH   SOLE   2,762 0 0
Walt Disney CS 254687106 2,693 24,255 SH   SOLE   24,255 0 0
Washington Trust CS 940610108 3,475 72,172 SH   SOLE   72,172 0 0
Waste Management Inc. CS 94106l109 358 3,450 SH   SOLE   3,450 0 0
Wells Fargo CS 949746101 618 12,800 SH   SOLE   12,800 0 0
Weyerhaeuser CS 962166104 427 16,225 SH   SOLE   16,225 0 0
XPO Logistics Inc CS 983793100 239 4,450 SH   SOLE   4,450 0 0
Xylem Inc CS 98419m100 206 2,600 SH   SOLE   2,600 0 0
Zoetis Inc CS 98978v103 1,819 18,073 SH   SOLE   18,073 0 0