Hanson & Doremus Investment Management 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

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
Alcoa	Common	013817101	4	402	SH		SOLE		402	0	0
Apple Inc.	Common	037833100	856	8,136	SH		SOLE		8,136	0	0
Atlas Air Worldwide Hldg	Common	049164205	452	10,940	SH		SOLE		10,765	0	175
AbbVie Inc.	Common	00287Y109	333	5,627	SH		SOLE		5,627	0	0
Amerisource Bergen Corp.	Common	03073E105	61	589	SH		SOLE		589	0	0
Abbott Laboratories	Common	002824100	429	9,556	SH		SOLE		9,556	0	0
Barrick Gold	Common	067901108	6	800	SH		SOLE		800	0	0
Acco Brands Corp	Common	00081T108	483	67,715	SH		SOLE		67,715	0	0
Ace Ltd	Common	H0023R105	12	100	SH		SOLE		100	0	0
Accenture Ltd Cl A F	Common	G1151C101	31	295	SH		SOLE		295	0	0
ACNB Corporation	Common	000868109	133	6,229	SH		SOLE		6,229	0	0
Archer-Daniels-Midland Inc.	Common	039483102	225	6,123	SH		SOLE		5,116	0	1,007
Auto Data Processing	Common	053015103	8	100	SH		SOLE		100	0	0
Amer Electric Pwr Co Inc	Common	025537101	29	500	SH		SOLE		500	0	0
Aetna Inc.	Common	00817Y108	4	38	SH		SOLE		38	0	0
A F L A C Inc.	Common	001055102	21	350	SH		SOLE		350	0	0
Agco Corp.	Common	001084102	675	14,880	SH		SOLE		14,290	0	590
Allergan Inc.	Common	018490102	12	39	SH		SOLE		39	0	0
Agrium Inc	Common	008916108	60	675	SH		SOLE		675	0	0
Allstate	Common	020002101	89	1,426	SH		SOLE		1,426	0	0
Amedisys Inc	Common	023436108	14	365	SH		SOLE		365	0	0
Affiliated Managers Group	Common	008252108	4	28	SH		SOLE		28	0	0
Amgen Incorporated	Common	031162100	195	1,201	SH		SOLE		1,201	0	0
Amkor Technology Inc	Common	031652100	1,105	181,690	SH		SOLE		181,690	0	0
Amarin Corp Plc New ADR	ADR	023111206	2	1,075	SH		SOLE		1,075	0	0
America Movil L sh ADR	ADR	02364W105	305	21,694	SH		SOLE		21,694	0	0
Amazon.Com	Common	023135106	76	112	SH		SOLE		112	0	0
Anacor Pharmaceuticals	Common	032420101	58	515	SH		SOLE		515	0	0
Anthem Inc	Common	036752103	28	200	SH		SOLE		200	0	0
Apache Corporation	Common	037411105	150	3,375	SH		SOLE		3,375	0	0
Anadarko Petroleum	Common	032511107	15	308	SH		SOLE		308	0	0
Air Products & Chemicals Inc.	Common	009158106	102	781	SH		SOLE		781	0	0
Apricus Biosciences Inc	Common	03832V109	1	1,000	SH		SOLE		1,000	0	0
Arrowhead Research New	Common	042797209	3	470	SH		SOLE		470	0	0
Astec Industries	Common	046224101	950	23,348	SH		SOLE		23,155	0	193
Athenahealth Inc	Common	04685W103	80	500	SH		SOLE		500	0	0
Avon Products Inc	Common	054303102	13	3,140	SH		SOLE		3,140	0	0
American Express Company	Common	025816109	197	2,831	SH		SOLE		2,831	0	0
AstraZeneca plc ADR	ADR	046353108	1,156	34,040	SH		SOLE		34,040	0	0
Boeing Co.	Common	097023105	1,544	10,677	SH		SOLE		10,597	0	80
Natus Medical Inc	Common	639050103	58	1,200	SH		SOLE		1,200	0	0
Bank of America Corp	Common	060505104	23	1,342	SH		SOLE		1,342	0	0
Baxter International	Common	071813109	653	17,114	SH		SOLE		17,114	0	0
BBCN Bancorp Inc.	Common	073295107	259	15,015	SH		SOLE		15,015	0	0
BB&T Corp	Common	054937107	105	2,767	SH		SOLE		2,644	0	123
BCE Inc.	Common	05534B760	351	9,096	SH		SOLE		8,160	0	936
Barclays Bk Plc ADR	ADR	06738E204	104	7,995	SH		SOLE		7,995	0	0
Belden Inc	Common	077454106	5	100	SH		SOLE		100	0	0
Becton Dickinson & Co	Common	075887109	103	670	SH		SOLE		670	0	0
General Cable Cp De New	Common	369300108	239	17,805	SH		SOLE		17,805	0	0
Baidu Inc ADR	ADR	056752108	1,075	5,685	SH		SOLE		5,685	0	0
Biogen Idec Inc	Common	09062X103	161	525	SH		SOLE		525	0	0
Vanguard Bond Index ETF	ETF	921937819	24	290	SH		SOLE		290	0	0
Bank of New York	Common	064058100	74	1,785	SH		SOLE		1,785	0	0
Barnes & Noble, Inc.	Common	067774109	472	54,140	SH		SOLE		54,140	0	0
Banco Latinoamericano	Common	P16994132	3,236	124,790	SH		SOLE		122,640	0	2,150
Biomarin Pharmaceutical Inc	Common	09061G101	21	200	SH		SOLE		200	0	0
Bristol Myers	Common	110122108	2,315	33,660	SH		SOLE		33,410	0	250
Vanguard Total Bond Mkt ETF	ETF	921937835	7,654	94,774	SH		SOLE		94,294	0	480
Barnes & Noble Education	Common	06777U101	326	32,787	SH		SOLE		32,787	0	0
Bank Of Nova Scotia	Common	064149107	3	85	SH		SOLE		85	0	0
BP Amoco plc ADR	ADR	055622104	27	861	SH		SOLE		861	0	0
Popular Inc	Common	733174700	195	6,895	SH		SOLE		6,895	0	0
BG Group PLC ADR	ADR	055434203	138	9,490	SH		SOLE		9,490	0	0
Berkshire Hathaway Cl B	Common	084670702	430	3,253	SH		SOLE		2,953	0	300
Vanguard Short Term Bd Idx ETF	ETF	921937827	2,226	27,978	SH		SOLE		27,757	0	221
Borg Warner Inc	Common	099724106	9	200	SH		SOLE		200	0	0
Blackstone Group Lp	Common	009253U10	6	200	SH		SOLE		200	0	0
Baxalta Inc	Common	07177M103	672	17,214	SH		SOLE		17,214	0	0
Citigroup	Common	172967424	545	10,534	SH		SOLE		10,364	0	170
Canon Inc ADR	ADR	138006309	699	23,185	SH		SOLE		23,185	0	0
Cambridge Heart Inc	Common	131910101	0	2,000	SH		SOLE		2,000	0	0
Caterpillar	Common	149123101	968	14,241	SH		SOLE		14,241	0	0
CBRE Group Inc.	Common	12504L109	168	4,865	SH		SOLE		4,865	0	0
Chubb Corp. OLD	Common	171232101	167	1,262	SH		SOLE		1,262	0	0
Community Bank System	Common	203607106	697	17,460	SH		SOLE		16,460	0	1,000
Chemours Co LLC	Common	163851108	1	120	SH		SOLE		120	0	0
Calgon Carbon Corp.	Common	129603106	120	6,950	SH		SOLE		6,950	0	0
Care Capital Properties	Common	141624106	41	1,337	SH		SOLE		1,337	0	0
Celgene Corporation	Common	151020104	24	200	SH		SOLE		200	0	0
Central Garden & Pet Company	Common	153527106	258	19,065	SH		SOLE		19,065	0	0
Cerner Corp	Common	156782104	18	295	SH		SOLE		295	0	0
Guggenheim S&P Global Water In	ETF	18383Q507	5	195	SH		SOLE		195	0	0
The Aberdeen Chile Fund	Common	00301W105	2	442	SH		SOLE		442	0	0
Chemed Corp.	Common	16359R103	1,323	8,835	SH		SOLE		8,835	0	0
Cigna Corp	Common	125509109	120	817	SH		SOLE		817	0	0
iShares Barclays Int Credit Bo	ETF	464288638	109	1,012	SH		SOLE		1,012	0	0
Colgate-Palmolive	Common	194162103	99	1,490	SH		SOLE		1,490	0	0
Clorox Company	Common	189054109	25	200	SH		SOLE		200	0	0
Comcast Corp.	Common	20030N101	56	984	SH		SOLE		984	0	0
CME Group Inc.	Common	12572Q105	410	4,530	SH		SOLE		4,530	0	0
Capstead Mortgage Cp New	Common	14067E506	11	1,245	SH		SOLE		1,245	0	0
C N A Financial Corp	Common	126117100	7	189	SH		SOLE		189	0	0
Canadian Natl Ry Co	Common	136375102	6	100	SH		SOLE		100	0	0
Cleco Corporation	Common	12561W105	22	414	SH		SOLE		414	0	0
Centerpoint Energy Inc	Common	15189T107	236	12,875	SH		SOLE		11,875	0	1,000
Coherent, Inc.	Common	192479103	3	50	SH		SOLE		50	0	0
Rockwell Collins Inc	Common	773903109	77	839	SH		SOLE		839	0	0
Conoco Phillips	Common	20825C104	913	19,564	SH		SOLE		19,564	0	0
Costco	Common	22160K105	2,452	15,180	SH		SOLE		15,080	0	100
Campbell Soup	Common	134429109	34	640	SH		SOLE		640	0	0
California Res Corp	Common	13057Q107	0	70	SH		SOLE		70	0	0
Cisco Systems, Inc.	Common	17275R102	2,605	95,949	SH		SOLE		93,129	0	2,820
CSX Corp	Common	126408103	52	2,018	SH		SOLE		2,018	0	0
CenturyLink Inc	Common	156700106	967	38,446	SH		SOLE		38,251	0	195
Cognizant Tech Solutions	Common	192446102	14	225	SH		SOLE		225	0	0
Convergys Corp	Common	212485106	4	150	SH		SOLE		150	0	0
CVS Corp	Common	126650100	20	200	SH		SOLE		200	0	0
Chevron Corp.	Common	166764100	617	6,858	SH		SOLE		6,858	0	0
Cemex ADR	ADR	151290889	41	7,394	SH		SOLE		6,587	0	807
Dominion Resources	Common	25746U109	300	4,442	SH		SOLE		4,442	0	0
Daktronics Inc	Common	234264109	330	37,850	SH		SOLE		37,850	0	0
Powershs Db Commdty Indx	ETF	73935S105	14	1,017	SH		SOLE		1,017	0	0
Diebold	Common	253651103	172	5,722	SH		SOLE		5,722	0	0
E I DuPont	Common	263534109	174	2,619	SH		SOLE		2,619	0	0
Deere & Company	Common	244199105	234	3,068	SH		SOLE		3,068	0	0
Wisdomtree Japan Smallcap Div.	Common	97717W836	88	1,550	SH		SOLE		1,550	0	0
WisdomTree Emerg Mk SmCap ETF	ETF	97717W281	2,949	84,106	SH		SOLE		81,712	0	2,394
Danaher Corp	Common	235851102	14	150	SH		SOLE		150	0	0
Walt Disney Hldg	Common	254687106	218	2,070	SH		SOLE		2,070	0	0
Digital Realty Trust REIT	REIT	253868103	483	6,390	SH		SOLE		6,260	0	130
Diamond Foods Inc	Common	252603105	16	420	SH		SOLE		420	0	0
Dow Chemical	Common	260543103	392	7,614	SH		SOLE		7,614	0	0
Duquesne Light Pfd	Preferred	266228204	2	50	SH		SOLE		50	0	0
Deutsche Telekom AG ADR	ADR	251566105	2,924	163,520	SH		SOLE		163,020	0	500
Duke Energy Corp.	Common	26441C204	2,140	29,975	SH		SOLE		29,975	0	0
Devry Inc.	Common	251893103	99	3,910	SH		SOLE		3,910	0	0
Devon Energy Corp	Common	25179M103	761	23,772	SH		SOLE		23,287	0	485
iShares Dividend Index Fund	ETF	464287168	30	400	SH		SOLE		400	0	0
Ecolab Inc.	Common	278865100	34	300	SH		SOLE		300	0	0
EGshares EM Consumer ETF	ETF	268461779	16	749	SH		SOLE		749	0	0
Consolidated Edison Inc.	Common	209115104	104	1,613	SH		SOLE		1,613	0	0
New Oriental Ed ADR	ADR	647581107	35	1,115	SH		SOLE		1,115	0	0
iShares MSCI Emerging Market E	ETF	464287234	11	349	SH		SOLE		349	0	0
iShares MSCI EAFE ETF	ETF	464287465	238	4,047	SH		SOLE		4,047	0	0
Edison International	Common	281020107	55	933	SH		SOLE		551	0	382
EMC Corporation	Common	268648102	33	1,300	SH		SOLE		1,300	0	0
Emerson Electric Co.	Common	291011104	1,048	21,908	SH		SOLE		21,257	0	651
Engie ADR	ADR	29286D105	38	2,159	SH		SOLE		2,159	0	0
Enterprise Products Prtn LP	Common	293792107	50	1,950	SH		SOLE		1,950	0	0
Equity Residential Prop. REIT	REIT	29476L107	488	5,978	SH		SOLE		5,978	0	0
Equitable Resources	Common	294549100	47	900	SH		SOLE		900	0	0
Ensco Plc ADR	ADR	29358Q109	159	10,325	SH		SOLE		10,115	0	210
Eaton Corp.	Common	G29183103	4	68	SH		SOLE		68	0	0
Entergy Corporation	Common	29364G103	18	258	SH		SOLE		258	0	0
Eaton Vance Tax Mgd Glbl	Common	27829C105	44	3,887	SH		SOLE		3,887	0	0
Evercel Inc	Common	299759100	0	120	SH		SOLE		120	0	0
East West Bancorp	Common	27579R104	1,124	27,050	SH		SOLE		27,050	0	0
iShares MSCI Germany Index Fun	ETF	464286806	15	564	SH		SOLE		564	0	0
iShares MSCI Hong Kong ETF	ETF	464286871	8	400	SH		SOLE		400	0	0
iShares MSCI Japan Index ETF	ETF	464286848	112	9,280	SH		SOLE		9,280	0	0
iShares MSCI Singapore Index E	ETF	464286673	5	500	SH		SOLE		500	0	0
iShares MSCI Taiwan Index ETF	ETF	464286731	381	29,870	SH		SOLE		29,870	0	0
iShares MSCI Brazil Free Index	ETF	464286400	6	275	SH		SOLE		275	0	0
Exelon Corp.	Common	30161N101	17	627	SH		SOLE		627	0	0
Expeditors Int'l of Washington	Common	302130109	85	1,880	SH		SOLE		1,880	0	0
Facebook Inc Class A	Common	30303M102	48	460	SH		SOLE		460	0	0
Fortune Brands Home & Security	Common	34964C106	17	306	SH		SOLE		306	0	0
Fibria Celulose S.A. ADR	ADR	31573A109	35	2,760	SH		SOLE		2,760	0	0
Freeport McMoran Copper & Gold	Common	35671D857	5	670	SH		SOLE		670	0	0
Fedex Corporation	Common	31428X106	208	1,397	SH		SOLE		1,397	0	0
Flextronics International Ltd.	Common	Y2573F102	787	70,205	SH		SOLE		68,860	0	1,345
Foundation Medicine	Common	350465100	7	335	SH		SOLE		335	0	0
First Bancorp Inc Me	Common	31866P102	15	710	SH		SOLE		710	0	0
Formfactor Inc	Common	346375108	3	350	SH		SOLE		350	0	0
iShares Tr China 25 Index ETF	ETF	464287184	60	1,703	SH		SOLE		1,703	0	0
Greatbatch Inc	Common	39153L106	549	10,450	SH		SOLE		10,450	0	0
Gannett Spinco Inc	Common	36473H104	25	1,539	SH		SOLE		1,539	0	0
Sanofi 12/31/2020 RIGHTS	Rights	80105N113	0	30	SH		SOLE		30	0	0
Market Vectors Gold Miners ETF	ETF	57060U100	450	32,819	SH		SOLE		32,734	0	85
General Electric Co.	Common	369604103	6,033	193,686	SH		SOLE		190,450	0	3,236
Guess Inc	Common	401617105	597	31,615	SH		SOLE		31,615	0	0
Gilead Sciences Inc	Common	375558103	10	100	SH		SOLE		100	0	0
General Mills, Inc.	Common	370334104	102	1,766	SH		SOLE		1,766	0	0
SPDR Gold Trust ETF	ETF	78463V107	455	4,486	SH		SOLE		4,486	0	0
Corning	Common	219350105	3,611	197,534	SH		SOLE		197,444	0	90
General Motors	Common	37045V100	32	934	SH		SOLE		892	0	42
Keurig Green Mountain, Inc	Common	49271M100	2,812	31,252	SH		SOLE		31,252	0	0
General Motors Cl A 16wt	Warrants	37045V118	1	37	SH		SOLE		0	0	37
General Motors Cl B 19wt	Warrants	37045V126	1	37	SH		SOLE		0	0	37
Alphabet, Inc.	Common	38259P706	1,644	2,167	SH		SOLE		2,130	0	37
Alphabet, Inc.	Common	38259P508	181	233	SH		SOLE		233	0	0
Gopro Inc	Common	38268T103	0	5	SH		SOLE		5	0	0
Goldman Sachs Group Inc	Common	38141G104	232	1,288	SH		SOLE		1,288	0	0
Glaxo Smithkline ADR	ADR	37733W105	1,222	30,275	SH		SOLE		29,830	0	445
Global Sources Limited	Common	G39300101	451	57,843	SH		SOLE		57,843	0	0
Chart Industries Inc	Common	16115Q308	10	550	SH		SOLE		550	0	0
Halliburton Company	Common	406216101	164	4,819	SH		SOLE		4,819	0	0
Welltower Inc.	Common	42217K106	88	1,300	SH		SOLE		1,300	0	0
Healthcare Services Group (Bui	Common	421906108	14	400	SH		SOLE		400	0	0
Home Depot	Common	437076102	116	876	SH		SOLE		876	0	0
Honda Motor Co. ADR	ADR	438128308	534	16,725	SH		SOLE		16,725	0	0
Hologic Inc	Common	436440101	15	400	SH		SOLE		400	0	0
Honeywell International	Common	438516106	18	170	SH		SOLE		170	0	0
Helmerich & Payne	Common	423452101	5	90	SH		SOLE		90	0	0
Heartland Payment Systems Inc	Common	42235N108	47	500	SH		SOLE		500	0	0
HSBC Holdings PLC ADR	ADR	404280406	33	832	SH		SOLE		832	0	0
Harsco	Common	415864107	198	25,095	SH		SOLE		25,095	0	0
Schein Henry Inc.	Common	806407AB8	16	100	SH		SOLE		100	0	0
Humana	Common	444859102	429	2,403	SH		SOLE		2,403	0	0
Halyard Health Inc	Common	40650V100	1	39	SH		SOLE		39	0	0
Ing Asia Pacific High Fd	Common	44983J107	7	750	SH		SOLE		750	0	0
iShares NASDAQ Biotech ETF	ETF	464287556	788	2,329	SH		SOLE		2,329	0	0
IBM Corp.	Common	459200101	2,956	21,479	SH		SOLE		21,120	0	359
ICICI Bank Ltd. ADR	ADR	45104G104	5	690	SH		SOLE		690	0	0
iShares Cohen & Steer Realty E	ETF	464287564	6	58	SH		SOLE		58	0	0
IdaCorp Inc.	Common	451107106	17	250	SH		SOLE		250	0	0
Idexx Labs Inc.	Common	45168D104	15	200	SH		SOLE		200	0	0
iShares Barclays 3-7 Treasury	ETF	464288661	158	1,286	SH		SOLE		1,286	0	0
iShares Tr S&P Europe 350 ETF	ETF	464287861	66	1,648	SH		SOLE		1,648	0	0
India Fund	Common	454089103	84	3,691	SH		SOLE		3,691	0	0
iShares S&P Midcap 400 Index E	ETF	464287507	13	90	SH		SOLE		90	0	0
iShares S&P Midcap 400 Value E	ETF	464287705	13	107	SH		SOLE		107	0	0
iShares S&P Sm Cap Idx 600 ETF	ETF	464287804	118	1,072	SH		SOLE		709	0	363
Illumina Inc	Common	452327109	3	17	SH		SOLE		17	0	0
Ingles Markets Inc Cl A	Common	457030104	39	875	SH		SOLE		875	0	0
Imperial Oil Ltd	Common	453038408	280	8,615	SH		SOLE		8,615	0	0
Intel Corp.	Common	458140100	460	13,346	SH		SOLE		13,346	0	0
Invensense Inc	Common	46123D205	2	180	SH		SOLE		180	0	0
International Paper	Common	460146103	25	666	SH		SOLE		666	0	0
Ingersoll Rand Co. Cl A	Common	G4776G101	66	1,190	SH		SOLE		1,190	0	0
New Ireland Fund Inc.	Common	645673104	2	151	SH		SOLE		151	0	0
ITC Holdings Corp	Common	465685105	700	17,825	SH		SOLE		16,795	0	1,030
Itron Inc.	Common	465741106	62	1,720	SH		SOLE		1,720	0	0
iShares S&P 500 Value Indx ETF	ETF	464287408	11	121	SH		SOLE		121	0	0
iShares S&P 500 Index ETF	ETF	464287200	251	1,226	SH		SOLE		1,226	0	0
iShares Russell 1000 Growth ET	ETF	464287614	7	66	SH		SOLE		66	0	0
Ishares Trust Russell 2000 Ind	ETF	464287655	3	25	SH		SOLE		25	0	0
Ishares Russell 2000 Value ETF	ETF	464287630	7	79	SH		SOLE		79	0	0
iShares Tr Russell 3000 Indx E	ETF	464287689	3	28	SH		SOLE		28	0	0
JetBlue Airways Corp.	Common	477143101	115	5,090	SH		SOLE		5,090	0	0
Johnson & Johnson	Common	478160104	1,372	13,355	SH		SOLE		12,601	0	754
JP Morgan Chase & Co	Common	46625H100	1,428	21,633	SH		SOLE		20,891	0	742
Jinpan Int'l Ltd.	Common	G5138L100	199	52,042	SH		SOLE		52,042	0	0
John Wiley & Son Cl A	Common	968223206	335	7,450	SH		SOLE		7,450	0	0
Kellogg Company	Common	487836108	19	256	SH		SOLE		256	0	0
Kraft Heinz Company	Common	500754106	866	11,902	SH		SOLE		11,217	0	685
Kimberly-Clark Corp.	Common	494368103	144	1,135	SH		SOLE		1,135	0	0
Kinder Morgan Inc.	Common	49455P101	48	3,191	SH		SOLE		3,191	0	0
Kinder Morgan Inc 17 Wts	Warrants	49456B119	0	122	SH		SOLE		122	0	0
Coca-Cola Co	Common	191216100	2,661	61,933	SH		SOLE		60,573	0	1,360
Kohls Corp.	Common	500255104	165	3,470	SH		SOLE		3,470	0	0
Kansas City Southern	Common	485170302	21	285	SH		SOLE		285	0	0
Key Technology Inc	Common	493143101	3	320	SH		SOLE		320	0	0
Laboratory Corp of America Hld	Common	50540R409	34	278	SH		SOLE		159	0	119
Linn Energy	Common	536020100	0	130	SH		SOLE		130	0	0
Eli Lilly & Co.	Common	532457108	362	4,298	SH		SOLE		4,298	0	0
Linkedin Corp	Common	53578A108	23	100	SH		SOLE		100	0	0
Alliant Energy Corp	Common	018802108	705	11,285	SH		SOLE		11,285	0	0
Lpkf Laser & Elec Ord	Common	D5075P109	12	1,445	SH		SOLE		1,445	0	0
Lpath Inc New	Common	548910306	1	3,910	SH		SOLE		3,910	0	0
Lake Sunapee Bank Gr	Common	510866106	11	770	SH		SOLE		770	0	0
Merchants Bancshares	Common	588448100	295	9,372	SH		SOLE		9,372	0	0
McDonald's Corp	Common	580135101	223	1,886	SH		SOLE		1,886	0	0
McKesson Corp.	Common	58155Q103	236	1,195	SH		SOLE		1,045	0	150
Mercury General Corp.	Common	589400100	21	450	SH		SOLE		450	0	0
Mondelez Int'l Inc.	Common	609207105	796	17,741	SH		SOLE		17,401	0	340
McDermott International Inc.	Common	580037109	70	20,925	SH		SOLE		20,925	0	0
Medtronic Inc.	Common	G5960L103	1,344	17,468	SH		SOLE		17,328	0	140
Middlebury National Corp	Common	596237107	9	300	SH		SOLE		300	0	0
SPDR Mid Cap Trust ETF	ETF	595635103	114	450	SH		SOLE		250	0	200
M L Capital Tr Pfd 7.28% Perpe	Preferred	59021K205	23	900	SH		SOLE		900	0	0
M K S Instruments Inc.	Common	55306N104	319	8,865	SH		SOLE		8,865	0	0
3M Company	Common	88579Y101	267	1,775	SH		SOLE		1,775	0	0
Magellan Midstream Ptnrs	Common	559080106	52	770	SH		SOLE		770	0	0
Altria Group Inc.	Common	02209S103	17	300	SH		SOLE		300	0	0
Monsanto Co.	Common	61166W101	462	4,686	SH		SOLE		4,686	0	0
Marathon Petroleum Corp	Common	56585A102	95	1,836	SH		SOLE		1,836	0	0
Melco Crown Entertainment ADR	ADR	585464100	694	41,280	SH		SOLE		40,365	0	915
Mindray Med Int'l ADR	ADR	602675100	1,002	36,939	SH		SOLE		36,939	0	0
Merck	Common	58933Y105	1,461	27,665	SH		SOLE		26,727	0	938
Marathon Oil Corp	Common	565849106	21	1,636	SH		SOLE		1,636	0	0
Microsoft	Common	594918104	4,113	74,141	SH		SOLE		72,581	0	1,560
Meritor Savings Bank	Common	59001K100	1	150	SH		SOLE		150	0	0
Mylan Laboratories Inc.	Common	N59465109	67	1,236	SH		SOLE		1,236	0	0
Noble Energy Inc	Common	655044105	9	270	SH		SOLE		270	0	0
Nabors Industries Ltd.	Common	G6359F103	66	7,800	SH		SOLE		7,800	0	0
NCR Corporation	Common	62886E108	1,791	73,208	SH		SOLE		71,568	0	1,640
Nextera Energy	Common	65339F101	182	1,752	SH		SOLE		1,752	0	0
National Grid Plc ADR	ADR	636274300	665	9,570	SH		SOLE		9,570	0	0
Nike, Inc.	Common	654106103	38	600	SH		SOLE		600	0	0
Annaly Mortgage Mgmt REIT	REIT	035710409	39	4,140	SH		SOLE		4,140	0	0
Northrop Grumman Corp	Common	666807102	156	824	SH		SOLE		824	0	0
National Oilwell Varco	Common	637071101	25	755	SH		SOLE		755	0	0
National Penn Bancshares Inc	Common	637138108	13	1,035	SH		SOLE		1,035	0	0
Nissan Motor ADR	ADR	654744408	60	2,850	SH		SOLE		2,850	0	0
Norfolk Southern	Common	655844108	96	1,130	SH		SOLE		1,130	0	0
Nestle S A ADR	ADR	641069406	11	150	SH		SOLE		150	0	0
Nuance Communication Inc.	Common	67020Y100	42	2,127	SH		SOLE		2,127	0	0
Nucor Corp	Common	670346105	43	1,064	SH		SOLE		1,064	0	0
Nuveen Mun Value Fd Inc.	Common	670928100	43	4,270	SH		SOLE		2,072	0	2,198
Novartis Ag ADR	ADR	66987V109	7	80	SH		SOLE		80	0	0
Newell Rubbermaid	Common	651229106	20	450	SH		SOLE		450	0	0
New York Times Co Cl A	Common	650111107	7	500	SH		SOLE		500	0	0
Corp Office Pptys REIT	REIT	22002T108	9	400	SH		SOLE		400	0	0
Oceaneering Int'l Inc	Common	675232102	2	50	SH		SOLE		50	0	0
Oneok Inc New	Common	682680103	621	25,195	SH		SOLE		25,195	0	0
Olin Corp	Common	680665205	95	5,512	SH		SOLE		5,512	0	0
Orbotech Ltd	Common	M75253100	64	2,895	SH		SOLE		2,895	0	0
Oracle	Common	68389X105	77	2,100	SH		SOLE		2,100	0	0
Old Republic Intl Corp	Common	680223104	14	750	SH		SOLE		750	0	0
Occidental Petroleum Corp.	Common	674599105	12	175	SH		SOLE		175	0	0
Plains All American LP	Common	726503105	22	940	SH		SOLE		940	0	0
Verifone Systems Inc	Common	92342Y109	1,727	61,645	SH		SOLE		61,645	0	0
Peoples United Finl Inc	Common	712704105	3,903	241,645	SH		SOLE		239,750	0	1,895
Pitney Bowes Inc	Common	724479100	21	1,000	SH		SOLE		1,000	0	0
Plum Creek Timber Co. REIT	REIT	729251108	236	4,950	SH		SOLE		4,950	0	0
Priceline.Com	Common	741503403	6	5	SH		SOLE		5	0	0
Precision Castparts	Common	740189105	1,176	5,067	SH		SOLE		5,027	0	40
Public Sv Enterprise	Common	744573106	237	6,135	SH		SOLE		6,135	0	0
Pepsico, Inc.	Common	713448108	505	5,053	SH		SOLE		5,053	0	0
Powershs Exch Trad Fd Tr	ETF	73935X302	5	383	SH		SOLE		383	0	0
Pfizer Inc.	Common	717081103	4,231	131,072	SH		SOLE		129,223	0	1,849
Procter & Gamble	Common	742718109	1,293	16,277	SH		SOLE		16,039	0	238
Parker Hannifin Corp	Common	701094104	146	1,501	SH		SOLE		1,501	0	0
Kon Philips Electric NV	Common	500472303	118	4,634	SH		SOLE		4,634	0	0
Photronics Inc.	Common	719405102	14	1,100	SH		SOLE		1,100	0	0
Plantronics Inc.	Common	727493108	624	13,161	SH		SOLE		13,161	0	0
Philip Morris Intl Inc	Common	718172109	68	777	SH		SOLE		777	0	0
PNC Financial Services Group I	Common	693475105	189	1,980	SH		SOLE		1,980	0	0
Pentair PLC	Common	G7S00T104	183	3,685	SH		SOLE		3,685	0	0
Pepco Holdings Inc.	Common	713291102	13	494	SH		SOLE		494	0	0
Potash Corp Sask Inc	Common	73755L107	994	58,070	SH		SOLE		56,785	0	1,285
P P G Industries Inc.	Common	693506107	436	4,411	SH		SOLE		4,411	0	0
PPL Corporation	Common	69351T106	10	306	SH		SOLE		306	0	0
Portfolio Recovery Assoc Inc	Common	69354N106	21	600	SH		SOLE		600	0	0
PartnerRe Ltd.	Common	G6852T105	35	250	SH		SOLE		250	0	0
Powershs Exch Trad Fd Tr	ETF	73935X583	65	745	SH		SOLE		745	0	0
Parexel International Corp.	Common	699462107	2,298	33,741	SH		SOLE		33,066	0	675
Public Storage, Inc.	Common	74460D109	84	339	SH		SOLE		339	0	0
Public Storage 5.75% 3/13/17 P	Preferred	74460W404	10	390	SH		SOLE		390	0	0
Phillips 66 SHS	Common	718546104	719	8,788	SH		SOLE		8,788	0	0
Patterson-UTI Energy Inc.	Common	703481101	59	3,885	SH		SOLE		3,885	0	0
Praxair Inc.	Common	74005P104	47	460	SH		SOLE		460	0	0
Qualcomm Inc.	Common	747525103	32	635	SH		SOLE		635	0	0
Qiagen N V	Common	N72482107	3	100	SH		SOLE		100	0	0
PowerShares QQQ Trust Sr 1 ETF	ETF	73935A104	8	72	SH		SOLE		72	0	0
Nuveen Nasdaq	Common	670699107	9	465	SH		SOLE		465	0	0
Qorvo Inc	Common	74736K101	1,115	21,908	SH		SOLE		21,908	0	0
Quality Systems Inc	Common	747582104	261	16,205	SH		SOLE		16,205	0	0
Royal Dutch Shell ADR	ADR	780259206	1,814	39,610	SH		SOLE		39,260	0	350
Dr Reddys Labs ADR	ADR	256135203	772	16,682	SH		SOLE		15,290	0	1,392
Roche Holding Ltd ADR	Common	771195104	10	300	SH		SOLE		300	0	0
Transocean Sedco Fore	Common	H8817H100	279	22,552	SH		SOLE		22,552	0	0
Royce Micro-Cap Trust	Common	780915104	24	3,294	SH		SOLE		3,294	0	0
Cohen & Steers Reit Balance In	Common	19247X100	5	262	SH		SOLE		262	0	0
Rockwell Automation	Common	773903109	85	824	SH		SOLE		824	0	0
Roper Industries Inc	Common	776696106	14	75	SH		SOLE		75	0	0
Republic Services Inc	Common	760759100	50	1,147	SH		SOLE		1,147	0	0
Rydex S&P 500 Equal Wght Index	ETF	78355W106	43	565	SH		SOLE		565	0	0
Guggenheim S&P 500 Weight	ETF	40167M106	11	142	SH		SOLE		142	0	0
Raytheon Company New	Common	755111507	80	645	SH		SOLE		645	0	0
SPDR DJ Wilshire Intl Real Est	ETF	78463X749	3	78	SH		SOLE		78	0	0
Guggenheim Etf	ETF	78355W866	10	206	SH		SOLE		206	0	0
Rayonier Inc REIT	REIT	754907103	2	97	SH		SOLE		97	0	0
Banco Santander SA ADR	ADR	05964H105	314	64,397	SH		SOLE		64,397	0	0
Companhia de Saneamento ADR	ADR	20441A102	3	600	SH		SOLE		600	0	0
Starbucks	Common	855244109	18	300	SH		SOLE		300	0	0
Schwab U.S. Broad Mkt ETF	ETF	808524102	16,686	340,246	SH		SOLE		338,629	0	1,617
Schwab US Div Equity ETF	ETF	808524797	45	1,168	SH		SOLE		1,168	0	0
Schw Emg Mkt Eq ETF	ETF	808524706	4	214	SH		SOLE		214	0	0
Schw Int'l Equity ETF	ETF	808524805	6,849	248,530	SH		SOLE		248,184	0	346
Schw US Lcap Gro ETF	ETF	808524300	8	145	SH		SOLE		145	0	0
Schnitzer Stl Inds Cl A	Common	806882106	83	5,745	SH		SOLE		5,745	0	0
The Charles Schwab Corp.	Common	808513105	4,200	127,548	SH		SOLE		124,858	0	2,690
Sch US Agg Bnd Etf	ETF	808524839	1	23	SH		SOLE		23	0	0
SPDR S&P Dividend ETF	ETF	78464A763	113	1,530	SH		SOLE		1,530	0	0
Spectra Energy Corp	Common	847560109	6	240	SH		SOLE		240	0	0
Silicon Motion Tech ADR	ADR	82706C108	45	1,425	SH		SOLE		1,425	0	0
SK Telecom Ltd ADR	ADR	78440P108	97	4,810	SH		SOLE		4,810	0	0
Skywest Inc	Common	830879102	652	34,265	SH		SOLE		34,265	0	0
Schlumberger Limited	Common	806857108	1,148	16,462	SH		SOLE		16,142	0	320
iShares Silver Trust ETF	ETF	46428Q109	6	446	SH		SOLE		446	0	0
Spdr S&P 600 Small Cap	ETF	78464A300	29	311	SH		SOLE		311	0	0
Sony Corp. ADR	ADR	835699307	1,278	51,911	SH		SOLE		51,826	0	85
Sunesis Pharma Inc New	Common	867328601	1	1,000	SH		SOLE		1,000	0	0
Southern Company	Common	842587107	229	4,890	SH		SOLE		4,890	0	0
Sonoco Products	Common	835495102	352	8,612	SH		SOLE		7,845	0	767
Staples Inc.	Common	855030102	830	87,694	SH		SOLE		85,289	0	2,405
SPDR S&P 500 ETF	ETF	68462F103	475	2,329	SH		SOLE		1,379	0	950
Stericycle Inc	Common	858912108	12	100	SH		SOLE		100	0	0
Sempra Energy	Common	816851109	33	351	SH		SOLE		351	0	0
Steris Corp.	Common	859152100	113	1,500	SH		SOLE		1,500	0	0
Sunopta Inc	Common	8676EP108	28	4,088	SH		SOLE		4,088	0	0
Pimco 1-5 yr US TIP ETF	ETF	72201R205	15	300	SH		SOLE		300	0	0
Seagate Technology PLC	Common	G7945M107	3,160	86,209	SH		SOLE		84,585	0	1,624
Constellation Brand Cl Aclass	Common	21036P108	14	100	SH		SOLE		100	0	0
Suncor Energy Inc.	Common	867224107	59	2,270	SH		SOLE		2,270	0	0
Skyworks Solutions Inc.	Common	83088M102	32	421	SH		SOLE		421	0	0
Standex Int'l Corp.	Common	854231107	69	830	SH		SOLE		830	0	0
Stryker Corp.	Common	863667101	53	565	SH		SOLE		565	0	0
Synutra International	Common	87164C102	16	3,300	SH		SOLE		3,300	0	0
AT&T Inc.	Common	00206R102	2,208	64,180	SH		SOLE		64,180	0	0
Toronto-Dominion Bank	Common	891160509	429	10,946	SH		SOLE		10,946	0	0
Teradata Corp	Common	88076W103	270	10,228	SH		SOLE		10,228	0	0
Tidewater Inc.	Common	886423102	62	8,925	SH		SOLE		8,925	0	0
Telefonica ADR	ADR	879382208	301	27,212	SH		SOLE		27,212	0	0
Teva Pharma Ind ADR	ADR	881624209	1,869	28,466	SH		SOLE		28,336	0	130
Terex Corp	Common	880779103	746	40,355	SH		SOLE		40,355	0	0
SPDR Nuveen Barclays Muni Bd E	ETF	78464A458	39	1,590	SH		SOLE		1,590	0	0
Tegna Inc	Common	87901J105	106	4,165	SH		SOLE		4,165	0	0
Gentherm Inc	Common	37253A103	24	500	SH		SOLE		500	0	0
Time Inc.	Common	887228104	0	6	SH		SOLE		6	0	0
iShares TIPS Bond ETF	ETF	464287176	805	7,336	SH		SOLE		7,280	0	56
TJX Companies Inc	Common	872540109	18	255	SH		SOLE		255	0	0
Toyota Motor Corp. ADR	ADR	892331307	3	23	SH		SOLE		23	0	0
Total SA ADR	ADR	89151E109	32	712	SH		SOLE		712	0	0
Thomson Reuters Corp	Common	884903105	762	20,135	SH		SOLE		20,135	0	0
T. Rowe Price Associates	Common	74144T108	29	410	SH		SOLE		410	0	0
TransCanada Corp.	Common	89353D107	216	6,630	SH		SOLE		6,630	0	0
The Travelers Companies Inc.	Common	89417E109	1,022	9,058	SH		SOLE		9,058	0	0
Taiwan Semiconductor ADR	ADR	874039100	2,448	107,608	SH		SOLE		107,608	0	0
Tata Motors Ltd ADR	ADR	876568502	1,027	34,845	SH		SOLE		34,070	0	775
Tupperware Corporation	Common	899896104	53	947	SH		SOLE		947	0	0
PIMCO TIPS 1- 3 Yr ETF	ETF	72201R106	28	545	SH		SOLE		545	0	0
Time Warner Cable Inc.	Common	88732J207	430	2,315	SH		SOLE		2,315	0	0
Titan International Inc	Common	88830M102	427	108,281	SH		SOLE		108,281	0	0
Time Warner	Common	887317105	1,172	18,130	SH		SOLE		18,130	0	0
Textron Incorporated	Common	883203101	17	400	SH		SOLE		400	0	0
UDR Inc	Common	902653104	174	4,629	SH		SOLE		4,629	0	0
Unilever PLC ADR	ADR	904767704	11	250	SH		SOLE		250	0	0
Unum Provident Corp.	Common	91529Y106	587	17,642	SH		SOLE		17,642	0	0
Union Pacific	Common	907818108	238	3,046	SH		SOLE		2,822	0	224
Ultra Petroleum Corp	Common	903914109	100	40,135	SH		SOLE		40,135	0	0
United Parcel Service	Common	911312106	31	325	SH		SOLE		325	0	0
United Technologies Corp.	Common	913017109	149	1,556	SH		SOLE		1,556	0	0
Visa Inc	Common	92826C839	52	670	SH		SOLE		670	0	0
Vanguard Europe Pac ETF	ETF	921943858	1,861	50,686	SH		SOLE		49,531	0	1,155
Vanguard Intl Eqty Indx ETF	ETF	922042775	92	2,125	SH		SOLE		2,125	0	0
Vanguard MSCI Europe ETF	ETF	922042874	10	202	SH		SOLE		202	0	0
Vanguard Health Care ETF	ETF	92204A504	23	175	SH		SOLE		175	0	0
Vanguard Div Apprciation ETF	ETF	921908844	30	391	SH		SOLE		391	0	0
Valero Energy	Common	91913Y100	2,521	35,658	SH		SOLE		34,878	0	780
Vulcan Materials Company	Common	929160109	28	300	SH		SOLE		300	0	0
Vanguard REIT ETF	ETF	922908553	148	1,854	SH		SOLE		1,854	0	0
Vanguard Intl Eqty Etf	ETF	922042676	43	834	SH		SOLE		834	0	0
Vodafone Group ADR	ADR	92857W308	2,380	73,786	SH		SOLE		73,485	0	301
Vanguard Mid-Cap Growth ETF	ETF	922908538	40	402	SH		SOLE		402	0	0
Vanguard Pacific ETF	ETF	922042866	10	171	SH		SOLE		171	0	0
Vanguard Total Stk Mkt ETF	ETF	922908769	3,490	33,461	SH		SOLE		33,197	0	264
Vanguard Sh-Term Inf ETF	ETF	922020805	1,038	21,473	SH		SOLE		21,473	0	0
Ventas REIT Inc	REIT	92276F100	2,143	37,981	SH		SOLE		37,576	0	405
Vangard Russell 2000 ETF	ETF	92206C664	7	78	SH		SOLE		78	0	0
Vectren Corp.	Common	92240G101	994	23,423	SH		SOLE		23,123	0	300
Vanguard Emerg Mkts ETF	ETF	922042858	1,749	53,474	SH		SOLE		53,049	0	425
Vanguard Whitehall Funds	ETF	921946406	41	611	SH		SOLE		611	0	0
Verizon Communications Inc.	Common	92343V104	4,537	98,163	SH		SOLE		96,479	0	1,684
WABTec	Common	929740108	4	50	SH		SOLE		50	0	0
Waters Corp	Common	941848103	19	140	SH		SOLE		140	0	0
Walgreens Boots Alli	Common	931427108	17	200	SH		SOLE		200	0	0
Westpac Banking ADR	ADR	961214301	154	6,375	SH		SOLE		6,375	0	0
Waste Connections	Common	941053100	17	300	SH		SOLE		300	0	0
Wisconsin Energy Corp	Common	976657106	154	3,000	SH		SOLE		3,000	0	0
Wells Fargo & Co	Common	949746101	40	741	SH		SOLE		741	0	0
Whole Foods Market, Inc	Common	966837106	12	370	SH		SOLE		370	0	0
Weatherford Int'l Inc.	Common	G48833100	122	14,520	SH		SOLE		14,520	0	0
Washington Gas Light Co.	Common	92924F106	21	328	SH		SOLE		328	0	0
Whirlpool	Common	963320106	257	1,750	SH		SOLE		1,750	0	0
Wal-Mart Stores	Common	931142103	135	2,196	SH		SOLE		2,196	0	0
Worthington Inds Inc	Common	981811102	2	80	SH		SOLE		80	0	0
W. P. Carey & Co. LLC	Common	92936U109	22	375	SH		SOLE		375	0	0
WPCS Intl Inc New	Common	92931L401	1	728	SH		SOLE		728	0	0
Wash Real Est Inv Tr MD REIT	REIT	939653101	660	24,402	SH		SOLE		24,137	0	265
Aqua America, Inc.	Common	03836W103	84	2,830	SH		SOLE		2,830	0	0
Watts Industries, Inc.	Common	942749102	112	2,250	SH		SOLE		2,250	0	0
Weight Watchers Intl Inc	Common	948626106	42	1,845	SH		SOLE		1,845	0	0
Western Union Co	Common	959802109	1,497	83,590	SH		SOLE		81,255	0	2,335
Wolverine World Wide Inc.	Common	978097103	513	30,678	SH		SOLE		30,278	0	400
Weyerhaeuser Company	Common	962166104	1,509	50,347	SH		SOLE		49,747	0	600
U S X-US Steel Group	Common	912909108	38	4,740	SH		SOLE		4,740	0	0
Xcel Energy Inc.	Common	98389B100	118	3,292	SH		SOLE		3,292	0	0
Sector SPDR Tech Select Shares	ETF	81369Y803	18	420	SH		SOLE		420	0	0
Exxon Mobil Corporation	Common	30231G102	1,950	25,019	SH		SOLE		24,115	0	904
Xerox Corp.	Common	984121103	2,135	200,830	SH		SOLE		196,785	0	4,045
Xylem Inc	Common	98419M100	68	1,850	SH		SOLE		1,850	0	0
Yahoo! Inc.	Common	984332106	5	150	SH		SOLE		150	0	0
Zimmer Holdings Inc.	Common	98956P102	40	387	SH		SOLE		387	0	0