Dark
Light
System
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
51 LA Cent Oil&Gas Co. 225 558 0.26%
52 QUESTAR CORP COM 21,700 484 0.23%
53 FEDEX CORP 2,950 476 0.22%
54 LILLY ELI & CO 7,150 464 0.22%
55 AVALONBAY COMM 3,027 427 0.20%
56 UNION PAC CORP 3,800 412 0.19%
57 ANALOG DEVICES INC 8,150 403 0.19%
58 SOUTHERN CO 9,050 395 0.18%
59 AUTOMATIC DATA PROCESSING IN 4,300 357 0.17%
60 EXXON MOBIL CORP 3,500 329 0.15%
61 STRYKER CORP 3,950 319 0.15%
62 CATERPILLAR INC 2,700 267 0.12%
63 COCA COLA CO 5,826 249 0.12%
64 DUKE ENERGY CORP NEW 3,293 246 0.11%
65 WELLS FARGO CO NEW 4,660 242 0.11%
66 SYSCO CORP 6,333 240 0.11%
67 CINTAS CORP 3,350 236 0.11%
68 QUALCOMM INC 2,980 223 0.10%
69 EXPRESS SCRIPTS HLDG CO 2,922 206 0.10%
70 BANK NEW YORK MELLON CORP 5,226 202 0.09%
71 Management Technologies Inc. 50,000 0 0.00%
72 Nextera Enterprises Inc. 30,000 0 0.00%
Page 2 of 2