Mathes 13F-HR Quarterly holdings report by institutional manager

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

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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
Akamai Technologies	COM	00971T101	201	3,600	SH		SOLE		3,600	0	0
Allergan PLC	COM	G0177J108	1,475	6,381	SH		SOLE		6,381	0	0
Alphabet Inc. Class A	COM	02079K305	4,728	6,720	SH		SOLE		6,720	0	0
Alphabet Inc. Class C	COM	02079K107	2,993	4,325	SH		SOLE		4,325	0	0
Altria Group Inc.	COM	02209S103	207	3,000	SH		SOLE		3,000	0	0
Amazon Com Inc	COM	023135106	12,530	17,509	SH		SOLE		17,509	0	0
American Electrical Power Inc	COM	025537101	394	5,625	SH		SOLE		5,625	0	0
Amgen Inc	COM	031162100	2,072	13,620	SH		SOLE		13,620	0	0
Apple Inc.	COM	037833100	7,204	75,353	SH		SOLE		75,353	0	0
AT&T Corp	COM	00206R102	3,655	84,579	SH		SOLE		84,579	0	0
Bank of New York Mellon Corp	COM	064058100	255	6,573	SH		SOLE		6,573	0	0
Bank of America Corp	COM	060505104	664	50,058	SH		SOLE		50,058	0	0
Berkshire Hathaway Inc Cl B	COM	084670702	253	1,750	SH		SOLE		1,750	0	0
Biogen Idec Inc.	COM	09062X103	387	1,600	SH		SOLE		1,600	0	0
Boeing Co	COM	097023105	2,562	19,731	SH		SOLE		19,731	0	0
Bristol-Myers Squibb Co	COM	110122108	338	4,602	SH		SOLE		4,602	0	0
Buckeye Partners LP	COM	118230101	241	3,425	SH		SOLE		3,425	0	0
Buffalo Wild Wings Inc.	COM	119848109	448	3,225	SH		SOLE		3,225	0	0
Caterpillar Inc	COM	149123101	3,516	46,382	SH		SOLE		46,382	0	0
Celgene Corp	COM	151020104	696	7,060	SH		SOLE		7,060	0	0
Chevron Corp.	COM	166764100	535	5,100	SH		SOLE		5,100	0	0
Cisco Systems Inc	COM	17275R102	331	11,550	SH		SOLE		11,550	0	0
Citigroup Inc.	COM	172967424	936	22,075	SH		SOLE		22,075	0	0
Coca Cola Co.	COM	191216100	318	7,020	SH		SOLE		7,020	0	0
Consolidated Edison	COM	209115104	999	12,425	SH		SOLE		12,425	0	0
Costco Wholesale Corp	COM	22160K105	518	3,300	SH		SOLE		3,300	0	0
CVS Health Corp	COM	126650100	1,028	10,734	SH		SOLE		10,734	0	0
Deere & Co	COM	244199105	2,582	31,864	SH		SOLE		31,864	0	0
Disney Walt Co	COM	254687106	377	3,850	SH		SOLE		3,850	0	0
Du Pont E I De Nemours	COM	263534109	215	3,515	SH		SOLE		3,515	0	0
Enbridge Energy Partners LP	COM	29250R106	236	10,175	SH		SOLE		10,175	0	0
Exxon Mobil Corp	COM	30231G102	1,087	11,600	SH		SOLE		11,600	0	0
Facebook Inc.	Cl. A	30303M102	1,448	12,670	SH		SOLE		12,670	0	0
Fedex Corp.	COM	31428X106	2,296	15,125	SH		SOLE		15,125	0	0
Ford Motor Co.	COM	345370860	2,784	221,455	SH		SOLE		221,455	0	0
Freeport McMoran Copper & Gold Inc	COM	35671D857	663	59,550	SH		SOLE		59,550	0	0
Frontier Communications Corp	COM	35906A108	424	85,750	SH		SOLE		85,750	0	0
General Electric Co	COM	369604103	5,324	169,139	SH		SOLE		169,139	0	0
General Mills Inc.	COM	370334104	481	6,750	SH		SOLE		6,750	0	0
Gilead Sciences Inc	COM	375558103	2,081	24,950	SH		SOLE		24,950	0	0
Glaxo Smithkline PLC	Spons. ADR	37733W105	321	7,400	SH		SOLE		7,400	0	0
Goldman Sachs Group Inc.	COM	38141G104	1,847	12,430	SH		SOLE		12,430	0	0
Gulfmark Offshore Inc	COM	402629208	193	61,600	SH		SOLE		61,600	0	0
Harley Davidson Inc	COM	412822108	474	10,463	SH		SOLE		10,463	0	0
Hershey Co.	COM	427866108	3,352	29,540	SH		SOLE		29,540	0	0
Home Depot Inc	COM	437076102	670	5,250	SH		SOLE		5,250	0	0
Ingersoll Rand PLC (IRELAND)	COM	G47791101	2,240	35,175	SH		SOLE		35,175	0	0
Intel Corp	COM	458140100	1,967	59,960	SH		SOLE		59,960	0	0
International Business Machines	COM	459200101	487	3,207	SH		SOLE		3,207	0	0
Johnson & Johnson	COM	478160104	4,505	37,142	SH		SOLE		37,142	0	0
JP Morgan Chase & Co	COM	46625H100	2,885	46,431	SH		SOLE		46,431	0	0
Kraft Heinz Company	COM	500754106	2,349	26,552	SH		SOLE		26,552	0	0
Lam Research Corp.	COM	512807108	2,119	25,205	SH		SOLE		25,205	0	0
Mastercard Inc.	Cl. A	57636Q104	2,617	29,715	SH		SOLE		29,715	0	0
McCormick & Co. Inc.	COM	579780206	3,079	28,862	SH		SOLE		28,862	0	0
Merck & Co New	COM	58933Y105	1,531	26,573	SH		SOLE		26,573	0	0
Microsoft Corp	COM	594918104	685	13,395	SH		SOLE		13,395	0	0
Netflix Inc	COM	64110L106	1,147	12,539	SH		SOLE		12,539	0	0
Palo Alto Networks Inc.	COM	697435105	3,032	24,722	SH		SOLE		24,722	0	0
Penn West Petroleum Ltd New	COM	707887105	88	63,000	SH		SOLE		63,000	0	0
Pepsico Inc.	COM	713448108	1,017	9,600	SH		SOLE		9,600	0	0
Pfizer Inc	COM	717081103	1,313	37,286	SH		SOLE		37,286	0	0
PG & E Corp.	COM	69331C108	1,738	27,185	SH		SOLE		27,185	0	0
Phillips 66	COM	718546104	2,355	29,682	SH		SOLE		29,682	0	0
Procter & Gamble Co.	COM	742718109	3,469	40,968	SH		SOLE		40,968	0	0
Regeneron Pharmaceuticals Inc	COM	75886F107	218	625	SH		SOLE		625	0	0
Royal Dutch Shell PLC	Spons. ADR	780259206	618	11,200	SH		SOLE		11,200	0	0
Salesforce.com Inc	COM	79466L302	6,472	81,505	SH		SOLE		81,505	0	0
Schlumberger Ltd	COM	806857108	915	11,575	SH		SOLE		11,575	0	0
Shake Shack Inc.	Cl. A	819047101	2,827	77,610	SH		SOLE		77,610	0	0
Smucker JP Co	COM	892696405	224	1,468	SH		SOLE		1,468	0	0
Staples Inc.	COM	855030102	403	46,700	SH		SOLE		46,700	0	0
Starbucks Corp	COM	855244109	2,760	48,315	SH		SOLE		48,315	0	0
SVB Finl Group	COM	78486Q101	902	9,481	SH		SOLE		9,481	0	0
Tata Motors Ltd	Spons. ADR	876568502	468	13,500	SH		SOLE		13,500	0	0
The Carlyle Group LP	COM	14309L102	225	13,850	SH		SOLE		13,850	0	0
Under Armor Inc	Cl. A	904311107	470	11,700	SH		SOLE		11,700	0	0
Under Armor Inc	Cl. C	904311206	429	11,782	SH		SOLE		11,782	0	0
Union Pacific Corp	COM	907818108	206	2,360	SH		SOLE		2,360	0	0
United Technologies Co	COM	913017109	203	1,980	SH		SOLE		1,980	0	0
Verizon Communications Inc.	COM	92343V104	1,050	18,795	SH		SOLE		18,795	0	0
Wabco Holdings Inc.	COM	92927K102	320	3,500	SH		SOLE		3,500	0	0
Whirlpool Corp	COM	963320106	2,414	14,485	SH		SOLE		14,485	0	0
Citigroup Inc. Preferred Ser S	Preferred	172967317	401	15,000	SH		SOLE		15,000	0	0
Ebay Inc NT 6% Pfrd	Preferred	278642202	266	10,000	SH		SOLE		10,000	0	0
First Rep Bk San Fran Pfrd Ser A 6.70%	Preferred	33616C209	215	8,250	SH		SOLE		8,250	0	0
Goldman Sachs Group Inc.	Preferred	38148B504	432	16,000	SH		SOLE		16,000	0	0
Tennessee Valley Authority	Preferred	880591300	210	8,195	SH		SOLE		8,195	0	0
UBS AG Ldn Trigger Phoenix AC Euro Stx 50	COM	90274T494	547	67,500	SH		SOLE		67,500	0	0
Wells Fargo & Co Prfd J	Preferred	949746879	546	19,675	SH		SOLE		19,675	0	0
Eaton Vance High Inc 2021 FD	COM	27829W101	251	25,000	SH		SOLE		25,000	0	0
Eaton Vance Muni Bond Fund	COM	27827X101	581	41,000	SH		SOLE		41,000	0	0
First Trust Intermediate Duration Pfd Incm.	COM	33718W103	914	38,750	SH		SOLE		38,750	0	0
Flaherty & Crumrine Dynamic Pfd	Preferred	33848W106	1,771	73,050	SH		SOLE		73,050	0	0
Nuveen Muni Value Fund Inc.	COM	670928100	227	21,000	SH		SOLE		21,000	0	0
Pimco Dynamic Credit Income Fund	COM	72202D106	1,491	77,950	SH		SOLE		77,950	0	0
ALPS Alerian MLP ETF	COM	00162Q866	306	24,050	SH		SOLE		24,050	0	0
First Trust DJ Internet Index ETF	COM	33733E302	1,579	21,900	SH		SOLE		21,900	0	0
Industrial Select Sector SPDR ETF	COM	81369Y704	843	15,055	SH		SOLE		15,055	0	0
Ishares Biotechnology ETF	COM	464287556	515	2,000	SH		SOLE		2,000	0	0
Ishares Core S&P500 ETF	COM	464287200	342	1,625	SH		SOLE		1,625	0	0
Ishares Currency Hedged MSCI Germany	COM	46434V704	261	11,500	SH		SOLE		11,500	0	0
Ishares Dow Jones US ETF	COM	464287846	1,339	12,800	SH		SOLE		12,800	0	0
Ishares Morningstar Large-Cap ETF	COM	464287127	856	6,975	SH		SOLE		6,975	0	0
Ishares North American Tech ETF	COM	464287549	2,208	20,075	SH		SOLE		20,075	0	0
Ishares Russell 2000 ETF	COM	464287655	1,558	13,550	SH		SOLE		13,550	0	0
Ishares Russell Mid-Cap ETF	COM	464287499	854	5,075	SH		SOLE		5,075	0	0
Ishares Russell Mid-Cap Growth ETF	COM	464287481	884	9,445	SH		SOLE		9,445	0	0
Ishares Russell Mid-Cap Value ETF	COM	464287473	304	4,095	SH		SOLE		4,095	0	0
Ishares S&P 500 Value ETF	COM	464287408	242	2,600	SH		SOLE		2,600	0	0
Ishares US Preferred Stock ETF	COM	464288687	1,791	44,900	SH		SOLE		44,900	0	0
Powershares QQQ Trust SR1	COM	73935A104	695	6,460	SH		SOLE		6,460	0	0
Rydex Guggenheim S&P 500 Equal Wt	COM	78355W106	235	2,925	SH		SOLE		2,925	0	0
SPDR FDR Energy	COM	81369Y506	314	4,600	SH		SOLE		4,600	0	0
SPDR FD Financial	COM	81369Y605	240	10,500	SH		SOLE		10,500	0	0
SPDR Gold Trust	COM	78463V107	348	2,750	SH		SOLE		2,750	0	0
SPDR S&P 500 ETF Trust	COM	78462F103	1,936	9,240	SH		SOLE		9,240	0	0
SPDR Ser Tr S&P Dividend	COM	78464A763	1,003	11,950	SH		SOLE		11,950	0	0
SPDR Fd Technology	COM	81369Y803	481	11,100	SH		SOLE		11,100	0	0
SPDR Fd Utilities	COM	81369Y886	477	9,100	SH		SOLE		9,100	0	0
Vaneck Gold Miners ETF	COM	92189F106	865	31,200	SH		SOLE		31,200	0	0
Vanguard Extended Market ETF	COM	922908652	1,041	12,185	SH		SOLE		12,185	0	0
Vanguard Growth ETF	COM	922908736	547	5,100	SH		SOLE		5,100	0	0
Vanguard High Div Yield	COM	921946406	483	6,766	SH		SOLE		6,766	0	0
Vanguard Large-Cap ETF	COM	922908637	568	5,931	SH		SOLE		5,931	0	0
Vanguard Mid Cap Growth ETF	COM	922908538	805	7,900	SH		SOLE		7,900	0	0
Vanguard S&P 500 Growth ETF	COM	921932505	314	3,000	SH		SOLE		3,000	0	0
Vanguard Total Stock Market ETF	COM	922908769	806	7,520	SH		SOLE		7,520	0	0
Vanguard Value ETF	COM	922908744	379	4,460	SH		SOLE		4,460	0	0
Ishares Floating Rate Bond ETF	COM	46429B655	607	12,000	SH		SOLE		12,000	0	0
Ishares TIPS Bond ETF	COM	464287176	420	3,600	SH		SOLE		3,600	0	0
Pimco Enhanced Short Mat Strategy ETF	COM	72201R833	435	4,300	SH		SOLE		4,300	0	0
SPDR Barclays High Yield Bond ETF	COM	78464A417	378	10,600	SH		SOLE		10,600	0	0
SPDR Nuveen Barclays Cap NY Muni Bd ETF	COM	78464A433	201	8,150	SH		SOLE		8,150	0	0