M. Kraus & Co 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
3M Company	COM	88579y101	558	2,681	SH		SOLE		0	0	2,681
AT&T Corp.	COM	001957505	358	9,490	SH		SOLE		0	0	9,490
AbbVie Inc.	COM	00287y109	5,019	69,217	SH		SOLE		0	0	69,217
Abbott Laboratories	COM	002824100	3,779	77,736	SH		SOLE		0	0	77,736
Alphabet Inc. Class C	COM	38259p706	4,109	4,522	SH		SOLE		0	0	4,522
Altria Group Inc.	COM	02209s103	206	2,764	SH		SOLE		0	0	2,764
Amgen	COM	031162100	446	2,591	SH		SOLE		0	0	2,591
Apple Computer	COM	037833100	316	2,192	SH		SOLE		0	0	2,192
Becton, Dickinson	COM	075887109	3,760	19,269	SH		SOLE		0	0	19,269
Berkshire Hathaway - B	COM	084670207	6,662	39,332	SH		SOLE		0	0	39,332
Berkshire Hathaway A, 100 shs	COM	084670108	255	100	SH		SOLE		0	0	100
CVS Health Corp.	COM	126650100	2,280	28,338	SH		SOLE		0	0	28,338
Chevron Corp	COM	166764100	1,595	15,288	SH		SOLE		0	0	15,288
Church & Dwight Co.	COM	171340102	5,998	115,617	SH		SOLE		0	0	115,617
Cisco Systems Inc.	COM	17275R102	4,655	148,721	SH		SOLE		0	0	148,721
Coca-Cola	COM	191216100	269	6,002	SH		SOLE		0	0	6,002
ConocoPhillips	COM	20825c104	2,581	58,708	SH		SOLE		0	0	58,708
Donaldson Company	COM	257651109	2,898	63,637	SH		SOLE		0	0	63,637
Ecolab Inc.	COM	278865100	4,797	36,132	SH		SOLE		0	0	36,132
Enbridge Inc.	COM	29250N105	5,097	128,034	SH		SOLE		0	0	128,034
Exxon Mobil	COM	30231G102	1,577	19,536	SH		SOLE		0	0	19,536
General Electric	COM	369604103	3,486	129,074	SH		SOLE		0	0	129,074
Hanesbrands Inc.	COM	410345102	2,945	127,175	SH		SOLE		0	0	127,175
Harris Corp.	COM	413875105	6,144	56,325	SH		SOLE		0	0	56,325
IBM	COM	459200101	2,036	13,237	SH		SOLE		0	0	13,237
Illinois Tool Works	COM	452308109	6,259	43,690	SH		SOLE		0	0	43,690
J.P. Morgan Chase	COM	46625h100	396	4,333	SH		SOLE		0	0	4,333
Johnson & Johnson	COM	478160104	5,790	43,770	SH		SOLE		0	0	43,770
Kinder Morgan, Inc.	COM	49455p101	586	30,600	SH		SOLE		0	0	30,600
McDonald's Corp.	COM	580135101	330	2,156	SH		SOLE		0	0	2,156
Merck & Co.	COM	58933Y105	524	8,180	SH		SOLE		0	0	8,180
MetLife, Inc.	COM	59156r108	4,837	88,038	SH		SOLE		0	0	88,038
Microsoft Corp.	COM	594918104	6,322	91,718	SH		SOLE		0	0	91,718
Mondelez International	COM	609207105	4,389	101,625	SH		SOLE		0	0	101,625
NextEra Energy, Inc.	COM	65339f101	4,908	35,026	SH		SOLE		0	0	35,026
Norfolk Southern	COM	655844108	6,050	49,709	SH		SOLE		0	0	49,709
PepsiCo Inc.	COM	713448108	5,324	46,099	SH		SOLE		0	0	46,099
Pfizer, Inc.	COM	717081103	709	21,113	SH		SOLE		0	0	21,113
Philip Morris Int'l	COM	718172109	217	1,850	SH		SOLE		0	0	1,850
Procter & Gamble	COM	742718109	4,712	54,064	SH		SOLE		0	0	54,064
Rockwell Automation	COM	773903109	5,138	31,725	SH		SOLE		0	0	31,725
Stanley Black & Decker	COM	854616091	4,817	34,230	SH		SOLE		0	0	34,230
The Kraft Heinz Company	COM	500754106	4,405	51,439	SH		SOLE		0	0	51,439
Thermo Fisher Scientific	COM	883556102	6,851	39,266	SH		SOLE		0	0	39,266
Time Warner Inc.	COM	887315109	5,286	52,646	SH		SOLE		0	0	52,646
United Technologies	COM	913017109	7,145	58,514	SH		SOLE		0	0	58,514
SPDR Gold Trust	ETF	78463v107	736	6,235	SH		SOLE		0	0	6,235
SPDR S&P 500 ETF	ETF	78462F103	204	842	SH		SOLE		0	0	842
Vanguard Total Stock Mkt ETF	ETF	922908769	517	4,158	SH		SOLE		0	0	4,158