13F-HR 1 chelsea1q08.txt VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- x$1000 PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE WAL-MART DE MEXICO SA ADR COMMON 93114W107 206 4900 SH SOLE 4900 0 0 WELLS FARGO CAPITAL XI PREFERRED 94979S207 233 10000 SH SOLE 10000 0 0 ALCOA COMMON 013817101 1346 37339 SH SOLE 37339 0 0 APPLE COMPUTER INC COMMON 037833100 1285 8956 SH SOLE 8956 0 0 APPLE COMPUTER INC COMMON 037833100 520 3625 SH SOLE 3625 0 0 ALLIANCEBERNSTEIN HLDG LP COMMON 01881G106 387 6100 SH SOLE 6100 0 0 ABBOTT LABORATORIES COMMON 002824100 6840 124030 SH SOLE 124030 0 0 BARRICK GOLD COMMON 067901108 521 11997 SH SOLE 11997 0 0 BARRICK GOLD COMMON 067901108 11597 266913 SH SOLE 266913 0 0 AEGON N V ORD COMMON 00792410 624 42597 SH SOLE 42597 0 0 AGNICO-EAGLE MINES LTD COMMON 008474108 203 3000 SH SOLE 3000 0 0 ARGO GROUP INTERNATIONAL COMMON G0464B107 318 8945 SH SOLE 8945 0 0 ALLERGAN COMMON 01849010 226 4000 SH SOLE 4000 0 0 AMERICAN INTL GROUP COMMON 026874107 207 4775 SH SOLE 4775 0 0 AMERICAN INTL GROUP COMMON 026874107 1535 35496 SH SOLE 35496 0 0 AKAMAI TECHNOLOGIES COMMON 00971T101 256 9083 SH SOLE 9083 0 0 ALLSTATE CORP COMMON 020002101 2706 56300 SH SOLE 56300 0 0 ALLEGHENY TECH COMMON 01741510 1591 22291 SH SOLE 22291 0 0 APPLIED MATERIALS INC COMMON 038222105 323 16535 SH SOLE 16535 0 0 APPLIED MATERIALS INC COMMON 038222105 7607 389877 SH SOLE 389877 0 0 AMGEN INC COMMON 031162100 359 8584 SH SOLE 8584 0 0 APACHE COMMON 037411105 530 4385 SH SOLE 4385 0 0 ANADARKO PETROLEUM COMMON 032511107 665 10555 SH SOLE 10555 0 0 ANADARKO PETROLEUM COMMON 032511107 13576 215387 SH SOLE 215387 0 0 AMERIGAS PARTNERS COMMON 03097510 452 15000 SH SOLE 15000 0 0 AMERICAN EXPRESS COMMON 025816109 201 4600 SH SOLE 4600 0 0 AMERICAN EXPRESS COMMON 025816109 902 20638 SH SOLE 20638 0 0 BOEING COMMON 097023105 314 4225 SH SOLE 4225 0 0 BOEING COMMON 097023105 3319 44627 SH SOLE 44627 0 0 BANK OF AMERICA CORP COMMON 060505104 1113 29370 SH SOLE 29370 0 0 BANK OF AMERICA CORP COMMON 060505104 4257 112303 SH SOLE 112303 0 0 BROADLEAF COMMON 111322103 0 44167 SH SOLE 44167 0 0 BAKER HUGHES COMMON 057224107 593 8650 SH SOLE 8650 0 0 BRISTOL-MYERS SQUIBB COMMON 110122108 232 10904 SH SOLE 10904 0 0 BP PLC ADR - SPONS ADR COMMON 055622104 1311 21616 SH SOLE 21616 0 0 BP PLC ADR - SPONS ADR COMMON 055622104 576 9495 SH SOLE 9495 0 0 BUCKEYE PARTNERS LIMITED COMMON 118230101 738 16000 SH SOLE 16000 0 0 BERKSHIRE HATHAWAY - CL A COMMON 084670108 800 6 SH SOLE 6 0 0 BERKSHIRE HATHAWAY CLASS B COMMON 084670207 416 93 SH SOLE 93 0 0 ANHEUSER BUSCH COMMON 035229103 403 8500 SH SOLE 8500 0 0 CITIGROUP COMMON 172967101 379 17687 SH SOLE 17687 0 0 CATERPILLAR COMMON 149123101 299 3820 SH SOLE 3820 0 0 CATERPILLAR COMMON 149123101 1787 22830 SH SOLE 22830 0 0 COMPASS BANCSHARES INC. COMMON 20449H109 0 887 SH SOLE 887 0 0 CONOCOPHILLIPS COMMON 20825C104 4173 54760 SH SOLE 54760 0 0 COSTCO WHOLESALE COMMON 22160K105 550 8460 SH SOLE 8460 0 0 COSTCO WHOLESALE COMMON 22160K105 9515 146454 SH SOLE 146454 0 0 CISCO SYSTEMS COMMON 17275R102 338 14028 SH SOLE 14028 0 0 CHEVRON CORP. COMMON 166764100 546 6401 SH SOLE 6401 0 0 CHEVRON CORP. COMMON 166764100 10662 124909 SH SOLE 124909 0 0 CURTISS-WRIGHT COMMON 231561101 499 12032 SH SOLE 12032 0 0 WALT DISNEY COMMON 254687106 281 8940 SH SOLE 8940 0 0 WALT DISNEY COMMON 254687106 5327 169742 SH SOLE 169742 0 0 DKLGAI Test Security COMMON DKGAI 0 500 SH SOLE 500 0 0 DENDREON CORPORATION COMMON 24823Q107 58 12000 SH SOLE 12000 0 0 DOW CHEMICAL COMMON 260543103 202 5475 SH SOLE 5475 0 0 DOW CHEMICAL COMMON 260543103 234 6350 SH SOLE 6350 0 0 DUKE ENERGY CORP COMMON 26441C105 257 14405 SH SOLE 14405 0 0 DUKE ENERGY CORP COMMON 26441C105 5533 309950 SH SOLE 309950 0 0 DEVON ENERGY CORPORATION COMMON 25179M103 585 5610 SH SOLE 5610 0 0 DEVON ENERGY CORPORATION COMMON 25179M103 9393 90031 SH SOLE 90031 0 0 ENCANA CORP. COMMON 292505104 601 7930 SH SOLE 7930 0 0 ENCANA CORP. COMMON 292505104 11005 145280 SH SOLE 145280 0 0 CONSOLIDATED EDISON COMMON 209115104 245 6180 SH SOLE 6180 0 0 ENBRIDGE ENERGY PARTNERS LP COMMON 29250R106 425 8940 SH SOLE 8940 0 0 EMCORE CORP COMMON 290846104 58 10000 SH SOLE 10000 0 0 EMERSON ELECTRIC COMMON 29101110 314 6100 SH SOLE 6100 0 0 ENDOWMENT REGISTRD PRIV PLACEMNT MISC EQUITY ENDOWPPLP 105 104980 SH SOLE 104980 0 0 ISHARES MSCI JAPAN INDEX FD STOCK FUND 464286848 266 21500 SH SOLE 21500 0 0 FLEXTRONICS INTERNATIONAL LTD. COMMON 3384XXXX 0 6592 SH SOLE 6592 0 0 GENERAL ELECTRIC COMMON 369604103 3054 82529 SH SOLE 82529 0 0 GENERAL ELECTRIC COMMON 369604103 7453 201377 SH SOLE 201377 0 0 GOLDCORP COMMON 380956409 455 11745 SH SOLE 11745 0 0 GOLDCORP COMMON 380956409 8402 216820 SH SOLE 216820 0 0 GUITAR CENTER COMMON 402040109 0 994 SH SOLE 994 0 0 HALLIBURTON COMMON 406216101 972 24710 SH SOLE 24710 0 0 H. J. HEINZ COMMON 42307410 258 5500 SH SOLE 5500 0 0 HONEYWELL INTERNATIONAL INC. COMMON 438516106 480 8510 SH SOLE 8510 0 0 HONEYWELL INTERNATIONAL INC. COMMON 438516106 9223 163474 SH SOLE 163474 0 0 HARRIS COMMON 41387510 219 4518 SH SOLE 4518 0 0 HERSHEY FOODS COMMON 42786610 348 9250 SH SOLE 9250 0 0 HYDRIL CO. COMMON 448774109 0 2134 SH SOLE 2134 0 0 INTL BUSINESS MACHINES COMMON 459200101 597 5189 SH SOLE 5189 0 0 INTL BUSINESS MACHINES COMMON 459200101 6481 56284 SH SOLE 56284 0 0 INTEL CORP COMMON 458140100 584 27559 SH SOLE 27559 0 0 INTEL CORP COMMON 458140100 5302 250354 SH SOLE 250354 0 0 JOHNSON & JOHNSON COMMON 478160104 3148 48535 SH SOLE 48535 0 0 JOHNSON & JOHNSON COMMON 478160104 6726 103691 SH SOLE 103691 0 0 KRAFT COMMON 50075N10 310 10000 SH SOLE 10000 0 0 KINROSS GOLD CORP. COMMON 496902404 8075 365205 SH SOLE 365205 0 0 KIMBERLY CLARK COMMON 494368103 923 14300 SH SOLE 14300 0 0 COCA COLA COMMON 191216100 799 13126 SH SOLE 13126 0 0 L-3 COMMUNICATIONS HOLDINGS COMMON 502424104 268 2450 SH SOLE 2450 0 0 LILLY (ELI) COMMON 532457108 3185 61735 SH SOLE 61735 0 0 MACROMEDIA INC. COMMON 556100105 0 4956 SH SOLE 4956 0 0 MCGRAW HILL COMMON 58064510 233 6300 SH SOLE 6300 0 0 3M COMPANY COMMON 88579Y101 2560 32345 SH SOLE 32345 0 0 3M COMPANY COMMON 88579Y101 7638 96505 SH SOLE 96505 0 0 MAGELLAN MIDSTREAM PARTNERS, LP. COMMON 559080106 588 14525 SH SOLE 14525 0 0 ALTRIA GROUP INC COMMON 02209S103 386 17400 SH SOLE 17400 0 0 MRV COMMUNICATIONS INC COMMON 553477100 42 30395 SH SOLE 30395 0 0 MICROSOFT COMMON 594918104 221 7797 SH SOLE 7797 0 0 MICROSOFT COMMON 594918104 4906 172856 SH SOLE 172856 0 0 MAHANAGAR TELEPHONE-ADR COMMON 559778402 85 17300 SH SOLE 17300 0 0 NEWMONT MINING COMMON 651639106 254 5600 SH SOLE 5600 0 0 NORTHROP GRUMMAN COMMON 666807102 3479 44712 SH SOLE 44712 0 0 NESTLE SA REP RG SH ADR COMMON 641069406 274 2185 SH SOLE 2185 0 0 NESTLE SA REP RG SH ADR COMMON 641069406 8128 64800 SH SOLE 64800 0 0 NOVARTIS AG-ADR COMMON 66987V109 4353 84964 SH SOLE 84964 0 0 WILD OATS MARKETS COMMON 96808B107 0 5000 SH SOLE 5000 0 0 PLAINS ALL AMER PIPELINE COMMON 726503105 725 15250 SH SOLE 15250 0 0 PETROLEO BRASILEIRO S.A.-ADR COMMON 71654V408 513 5020 SH SOLE 5020 0 0 PEPSICO COMMON 713448108 1906 26400 SH SOLE 26400 0 0 PETCO ANIMAL SUPPLIES CO. COMMON 716016209 0 1187 SH SOLE 1187 0 0 PFIZER COMMON 717081103 603 28800 SH SOLE 28800 0 0 PROCTER & GAMBLE COMMON 742718109 2387 34070 SH SOLE 34070 0 0 PROCTER & GAMBLE COMMON 742718109 7899 112734 SH SOLE 112734 0 0 PHILIP MORRIS INTERNATIONAL INC. COMMON 718172109 880 17400 SH SOLE 17400 0 0 ROYAL DUTCH SHELL PLC-ADR A COMMON 780259206 311 4510 SH SOLE 4510 0 0 TRANSOCEAN COMMON G90073100 509 3764 SH SOLE 3764 0 0 TRANSOCEAN COMMON G90073100 6786 50190 SH SOLE 50190 0 0 RAYTHEON COMMON 755111507 3209 49671 SH SOLE 49671 0 0 SPECTRA ENERGY CORP COMMON 847560109 1344 59096 SH SOLE 59096 0 0 SIFY LTD-SPONSORED ADR COMMON 82655M107 147 32900 SH SOLE 32900 0 0 SCHLUMBERGER LIMITED COMMON 806857108 716 8225 SH SOLE 8225 0 0 SCHLUMBERGER LIMITED COMMON 806857108 9038 103888 SH SOLE 103888 0 0 SANOFI-AVENTIS-ADR COMMON 80105N105 209 5570 SH SOLE 5570 0 0 SANOFI-AVENTIS-ADR COMMON 80105N105 4690 124945 SH SOLE 124945 0 0 SOUTHERN COMMON 842587107 1398 39260 SH SOLE 39260 0 0 SOUTHERN COMMON 842587107 4323 121395 SH SOLE 121395 0 0 SPORT CHALET INC-CLASS A COMMON 849163209 253 48772 SH SOLE 48772 0 0 SEMPRA ENERGY COMMON 816851109 571 10720 SH SOLE 10720 0 0 STAR SCIENTIFIC INC. COMMON 85517P101 25 16300 SH SOLE 16300 0 0 A T & T INC. COMMON 00206R102 1066 27823 SH SOLE 27823 0 0 A T & T INC. COMMON 00206R102 3094 80791 SH SOLE 80791 0 0 TECK COMINCO LTD-CL B COMMON 878742204 266 6485 SH SOLE 6485 0 0 TECK COMINCO LTD-CL B COMMON 878742204 4811 117450 SH SOLE 117450 0 0 TELEDYNE COMMON 87936010 300 6388 SH SOLE 6388 0 0 INTEGRYS ENERGY GROUP INC COMMON 45822P105 3829 82093 SH SOLE 82093 0 0 TEPPCO PARTNERS LP COMMON 872384102 359 10400 SH SOLE 10400 0 0 TRIQUINT SEMICONDUCTOR INC COMMON 89674K103 60 11891 SH SOLE 11891 0 0 UNILEVER N.V. NY SHRS COMMON 904784709 907 26894 SH SOLE 26894 0 0 UNITEDHEALTH GROUP INC. COMMON 91324P10 416 12120 SH SOLE 12120 0 0 UNITRIN COMMON 91327510 1637 46320 SH SOLE 46320 0 0 UNITED TECHNOLOGIES COMMON 913017109 1211 17600 SH SOLE 17600 0 0 UNITED TECHNOLOGIES COMMON 913017109 654 9507 SH SOLE 9507 0 0 UNILENS VISION COMMON 904907201 39 12000 SH SOLE 12000 0 0 VERIZON COMMUNICATIONS COMMON 92343V104 843 23120 SH SOLE 23120 0 0 VERIZON COMMUNICATIONS COMMON 92343V104 6045 165845 SH SOLE 165845 0 0 WELLS FARGO & CO. COMMON 949746101 323 11100 SH SOLE 11100 0 0 WELLS FARGO & CO. COMMON 949746101 467 16039 SH SOLE 16039 0 0 WAL-MART STORES COMMON 931142103 522 9900 SH SOLE 9900 0 0 WAL-MART STORES COMMON 931142103 18611 353290 SH SOLE 353290 0 0 AQUA AMERICA INC. COMMON 03836W103 368 19581 SH SOLE 19581 0 0 WEYERHAEUSER COMMON 96216610 296 4550 SH SOLE 4550 0 0 WYETH COMMON 983024100 263 6295 SH SOLE 6295 0 0 EXXON MOBIL COMMON 30231G102 4943 58442 SH SOLE 58442 0 0 EXXON MOBIL COMMON 30231G102 4333 51225 SH SOLE 51225 0 0