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
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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
3M Company COM 88579Y101 9,121 63,673 SH   SOLE   16,557 0 47,041
AT&T Inc COM 00206R102 17,232 487,320 SH   SOLE   91,387 0 395,333
Abbott Labs COM 002824100 14,492 354,319 SH   SOLE   86,425 0 267,444
Aberdeen Japan Equity Fund Inc COM 00306J109 232 32,650 SH   SOLE   0 0 32,650
Advanta Corp. COM 007942105 0 10,000 SH   SOLE   0 0 10,000
Altria Group Inc. COM 02209S103 599 14,280 SH   SOLE   7,257 0 7,023
American Express Co COM 025816109 15,791 166,448 SH   SOLE   42,675 0 123,623
Annaly Capital Management COM 035710409 9,030 790,068 SH   SOLE   184,118 0 604,750
Apple Inc. COM 037833100 12,326 132,640 SH   SOLE   33,645 0 98,496
Bank Of America Corp COM 060505104 14,307 930,836 SH   SOLE   227,150 0 702,786
Bank of New York Mellon Corp COM 064058100 14,671 391,431 SH   SOLE   92,473 0 298,508
Berkshire Hathaway Inc Cl B COM 084670702 8,320 65,741 SH   SOLE   16,450 0 49,116
Bristol-Myers Squibb Co COM 110122108 8,198 168,990 SH   SOLE   42,675 0 126,240
CSX Corp COM 126408103 12,439 403,718 SH   SOLE   109,950 0 293,051
Campbell Soup COM 134429109 11,033 240,835 SH   SOLE   64,103 0 176,507
Central Fund* COM 153501101 15,618 1,074,907 SH   SOLE   33,925 0 1,040,482
Cisco Sys Inc Com COM 17275R102 26,059 1,048,644 SH   SOLE   280,400 0 767,444
Coca Cola COM 191216100 15,827 373,640 SH   SOLE   83,175 0 290,065
ConocoPhillips COM 20825c104 20,919 244,007 SH   SOLE   66,050 0 177,807
Deere & Co COM 244199105 16,916 186,812 SH   SOLE   43,350 0 143,262
Du Pont E.I. De Nemours & Co. COM 263534109 18,015 275,287 SH   SOLE   76,725 0 198,362
EMC Corp Mass Com COM 268648102 15,411 585,091 SH   SOLE   148,350 0 435,991
Emerson Electric COM 291011104 15,775 237,719 SH   SOLE   65,000 0 172,419
Ensco PLC COM G3157S106 18,042 324,677 SH   SOLE   75,525 0 248,802
Express Scripts Inc COM 30219G108 9,729 140,334 SH   SOLE   34,975 0 105,159
Exxon Mobil Corporation COM 30231g102 16,781 166,673 SH   SOLE   39,375 0 127,173
Fluor Corp. COM 343412102 16,778 218,183 SH   SOLE   56,625 0 161,308
General Electric COM 369604103 28,723 1,092,957 SH   SOLE   285,525 0 806,232
GlaxoSmithKline PLC COM 37733W105 13,696 256,099 SH   SOLE   37,375 0 218,399
Goldcorp Inc COM 380956409 11,848 424,495 SH   SOLE   110,150 0 313,845
Home Depot COM 437076102 325 4,020 SH   SOLE   0 0 4,020
Honda Motor Co New COM 438128308 9,841 281,251 SH   SOLE   64,475 0 216,376
Intel Corp COM 458140100 34,199 1,106,755 SH   SOLE   264,620 0 841,135
Intl Paper Co Com COM 460146103 16,458 326,102 SH   SOLE   85,525 0 240,227
Ishares Russell Midcap Index COM 464287499 325 2,000 SH   SOLE   0 0 2,000
Japan Smaller Cap. Fund COM 47109U104 629 66,600 SH   SOLE   3,325 0 63,275
Johnson & Johnson COM 478160104 24,078 230,147 SH   SOLE   60,926 0 169,071
Johnson Controls Inc COM 478366107 11,414 228,596 SH   SOLE   56,775 0 171,215
Kimberly Clark COM 494368103 15,069 135,487 SH   SOLE   37,775 0 97,612
Market Vectors Gold Miners COM 57060u100 1,403 53,054 SH   SOLE   5,577 0 47,477
McCormick & Co COM 579780206 1,281 17,900 SH   SOLE   12,500 0 5,400
Merck & Co COM 58933Y105 18,781 324,650 SH   SOLE   79,425 0 244,975
Microsoft Corp COM 594918104 29,646 710,925 SH   SOLE   187,100 0 523,175
Midcap SPDR Tr Un Sr 1 COM 78467Y107 334 1,280 SH   SOLE   0 0 1,280
Oracle Corp Com COM 68389X105 19,124 471,849 SH   SOLE   118,425 0 352,874
Paychex Inc COM 704326107 11,429 275,003 SH   SOLE   67,975 0 206,728
Pepsico Inc COM 713448108 15,720 175,958 SH   SOLE   63,025 0 112,448
Petroleum & Res Corp Com COM 716549100 266 8,535 SH   SOLE   0 0 8,535
Pfizer COM 717081103 28,554 862,084 SH   SOLE   236,181 0 724,905
Phillip Morris International COM 718172109 672 7,964 SH   SOLE   5,900 0 2,064
Piedmont Natural Gas COM 720186105 165 4,400 SH   SOLE   0 0 4,400
PowerShares QQQ Trust COM 73935A104 429 4,572 SH   SOLE   0 0 4,572
Procter and Gamble COM 742718109 20,567 261,698 SH   SOLE   76,331 0 184,981
Rio Tinto PLC COM 767204100 9,934 183,020 SH   SOLE   40,000 0 142,745
Royal Dutch Shell COM 780259206 451 5,476 SH   SOLE   109 0 5,367
Royal Dutch Shell PLC B COM 780259107 1,589 18,264 SH   SOLE   0 0 18,264
Rydex S&P 500 Equal Weighted I COM 78355w106 2,234 29,125 SH   SOLE   0 0 29,125
SEACO Ltd. COM g79441104 0 50,656 SH   SOLE   0 0 50,656
SPDR Gold Trust COM 78463V107 2,895 22,607 SH   SOLE   3,195 0 19,412
SPDR Tr Unit Ser 1 COM 78462f103 3,053 15,598 SH   SOLE   150 0 15,448
Schlumberger Ltd COM 806857108 16,271 137,950 SH   SOLE   47,025 0 90,775
Silverado Gold Mines Ltd COM 827906207 0 10,000 SH   SOLE   0 0 10,000
Sprott Physical Gold Trust COM 85207h104 198 18,000 SH   SOLE   0 0 18,000
Sysco Corp COM 871829107 19,123 510,616 SH   SOLE   130,325 0 379,641
Templeton Emerging Markets COM 880191101 275 15,072 SH   SOLE   100 0 14,972
Texas Instruments Inc COM 882508104 9,878 206,689 SH   SOLE   48,800 0 157,789
Thomson Reuters Corp Com COM 884903105 16,302 448,345 SH   SOLE   123,000 0 325,020
Transcanada Corp COM 89353D107 19,942 417,890 SH   SOLE   117,400 0 300,165
Travelers Companies Inc COM 89417E109 18,579 197,506 SH   SOLE   48,642 0 148,664
US Bancorp COM 902973304 18,403 424,821 SH   SOLE   96,600 0 327,821
United Healthcare Corp COM 91324P102 10,768 131,717 SH   SOLE   31,100 0 100,069
United Parcel Service COM 911312106 10,523 102,501 SH   SOLE   24,250 0 78,126
Vanguard Emerging Markets COM 922042858 6,692 155,163 SH   SOLE   13,900 0 140,913
Vanguard FTSE All-World ex-US COM 922042775 410 7,833 SH   SOLE   0 0 7,833
Vanguard S&P 500 ETF COM 922908363 1,442 8,038 SH   SOLE   0 0 8,038
Verizon Communications Com COM 92343v104 19,519 398,923 SH   SOLE   97,240 0 301,258
WalMart Stores COM 931142103 12,765 170,037 SH   SOLE   44,325 0 125,562
Waste Mgmt Inc Del Com COM 94106L109 26,506 592,575 SH   SOLE   165,603 0 426,272
Wells Fargo & Co New Com COM 949746101 14,746 280,549 SH   SOLE   60,200 0 220,099
Yamana Gold Inc COM 98462Y100 116 14,100 SH   SOLE   0 0 14,100
iShares Comex Gold COM 464285105 2,055 159,576 SH   SOLE   7,250 0 152,026
iShares Dow Jones Select Div I COM 464287168 3,604 46,823 SH   SOLE   450 0 46,373
iShares High Dividend Equity F COM 46429B663 1,025 13,591 SH   SOLE   0 0 13,591
iShares MSCI Japan COM 464286848 14,147 1,175,022 SH   SOLE   99,550 0 1,073,672
iShares Tr S&P 500 Index COM 464287200 307 1,559 SH   SOLE   0 0 1,559
MDU Resources Group Inc COM 552690109 213 6,074 SH   SOLE   0 0 6,074
McDonalds Corp COM 580135101 416 4,134 SH   SOLE   0 0 4,134
PPL Corporation COM 69351T106 205 5,775 SH   SOLE   0 0 5,775
SBA Communications Corp COM 78388J106 858 8,388 SH   SOLE   0 0 8,388
Thermo Fisher Scientific Inc COM 883556102 413 3,500 SH   SOLE   0 0 3,500