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Institutional Investment Manager
SALEM CAPITAL MANAGEMENT INC
SALEM CAPITAL MANAGEMENT INC (CIK: 0001049648) incorporated in Massachusetts, located at 400 Unicorn Park Drive, Woburn, MA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q3)
Original 13F HR (0001049648-14-000004) filed in 2014.10.20
#
Name
Shares
Value ($)
%
Options
Notes
1 CVS HEALTH CORP 116,654 9,284 4.33%
2 JOHNSON & JOHNSON 81,400 8,676 4.04%
3 NOVARTIS A G 83,665 7,875 3.67%
4 DU PONT E I DE NEMOURS & CO 105,429 7,566 3.53%
5 UNILEVER PLC 178,526 7,480 3.49%
6 MERCK & CO INC 123,079 7,296 3.40%
7 HONEYWELL INTL INC 78,234 7,285 3.40%
8 MICROSOFT CORP 156,971 7,277 3.39%
9 WEYERHAEUSER CO 226,532 7,217 3.36%
10 INTL PAPER CO 142,270 6,792 3.17%
11 PFIZER INC 226,001 6,683 3.11%
12 GENERAL ELECTRIC CO 258,433 6,621 3.09%
13 DOW CHEM CO 126,225 6,619 3.08%
14 MARATHON OIL CORP 175,775 6,607 3.08%
15 PROCTER AND GAMBLE CO 76,218 6,382 2.97%
16 INTEL CORP 179,995 6,267 2.92%
17 DEVON ENERGY CORP NEW 88,244 6,016 2.80%
18 SCHLUMBERGER LTD 56,763 5,772 2.69%
19 GLAXOSMITHKLINE PLC 120,520 5,540 2.58%
20 PACCAR INC 94,987 5,402 2.52%
21 CISCO SYS INC 212,250 5,342 2.49%
22 E M C CORP MASS COM 176,860 5,175 2.41%
23 OCCIDENTAL PETE CORP DEL 49,650 4,774 2.23%
24 ABB LTD 194,925 4,368 2.04%
25 VERIZON COMMUNICATIONS INC 86,193 4,309 2.01%
26 HALLIBURTON CO 66,650 4,300 2.00%
27 VODAFONE GROUP PLC NEW 123,135 4,050 1.89%
28 ANADARKO PETE CORP 39,825 4,040 1.88%
29 UNITED TECHNOLOGIES CORP 36,836 3,890 1.81%
30 NESTLE SA SPONSORED ADR REPSTG 48,237 3,552 1.66%
31 KONINKLIJKE PHILIPS N V 92,241 2,925 1.36%
32 ABBVIE INC 44,350 2,562 1.19%
33 ABBOTT LABS 53,925 2,243 1.05%
34 CONOCOPHILLIPS 25,385 1,942 0.91%
35 3M Co 10,850 1,537 0.72%
36 COSTCO WHSL CORP NEW 11,770 1,475 0.69%
37 EOG RES INC 13,550 1,342 0.63%
38 EXXON MOBIL CORP 12,870 1,210 0.56%
39 NATIONAL FUEL GAS CO N J 14,800 1,036 0.48%
40 PLUM CREEK TIMBER 25,325 988 0.46%
41 COLGATE PALMOLIVE CO 15,150 988 0.46%
42 KIMBERLY CLARK CORP 9,100 979 0.46%
43 INTERNATIONAL BUSINESS MACHS 4,874 925 0.43%
44 PAYCHEX INC 20,449 904 0.42%
45 CHEVRON CORP NEW 7,250 865 0.40%
46 HOME DEPOT INC 9,350 858 0.40%
47 AT&T INC 23,683 835 0.39%
48 DOVER CORP 7,645 614 0.29%
49 JPMORGAN CHASE & CO 9,468 570 0.27%
50 GENERAL MLS INC 11,200 565 0.26%
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