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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 3M Co 10,850 1,537 0.72%
2 ABB LTD 194,925 4,368 2.04%
3 ABBOTT LABS 53,925 2,243 1.05%
4 ABBVIE INC 44,350 2,562 1.19%
5 ANADARKO PETE CORP 39,825 4,040 1.88%
6 ANALOG DEVICES INC 8,150 403 0.19%
7 AT&T INC 23,683 835 0.39%
8 AUTOMATIC DATA PROCESSING IN 4,300 357 0.17%
9 AVALONBAY COMM 3,027 427 0.20%
10 BANK NEW YORK MELLON CORP 5,226 202 0.09%
11 CATERPILLAR INC 2,700 267 0.12%
12 CHEVRON CORP NEW 7,250 865 0.40%
13 CINTAS CORP 3,350 236 0.11%
14 CISCO SYS INC 212,250 5,342 2.49%
15 COCA COLA CO 5,826 249 0.12%
16 COLGATE PALMOLIVE CO 15,150 988 0.46%
17 CONOCOPHILLIPS 25,385 1,942 0.91%
18 COSTCO WHSL CORP NEW 11,770 1,475 0.69%
19 CVS HEALTH CORP 116,654 9,284 4.33%
20 DEVON ENERGY CORP NEW 88,244 6,016 2.80%
21 DOVER CORP 7,645 614 0.29%
22 DOW CHEM CO 126,225 6,619 3.08%
23 DU PONT E I DE NEMOURS & CO 105,429 7,566 3.53%
24 DUKE ENERGY CORP NEW 3,293 246 0.11%
25 E M C CORP MASS COM 176,860 5,175 2.41%
26 EOG RES INC 13,550 1,342 0.63%
27 EXPRESS SCRIPTS HLDG CO 2,922 206 0.10%
28 EXXON MOBIL CORP 3,500 329 0.15%
29 EXXON MOBIL CORP 12,870 1,210 0.56%
30 FEDEX CORP 2,950 476 0.22%
31 GENERAL ELECTRIC CO 258,433 6,621 3.09%
32 GENERAL MLS INC 11,200 565 0.26%
33 GLAXOSMITHKLINE PLC 120,520 5,540 2.58%
34 HALLIBURTON CO 66,650 4,300 2.00%
35 HOME DEPOT INC 9,350 858 0.40%
36 HONEYWELL INTL INC 78,234 7,285 3.40%
37 INTEL CORP 179,995 6,267 2.92%
38 INTERNATIONAL BUSINESS MACHS 4,874 925 0.43%
39 INTL PAPER CO 142,270 6,792 3.17%
40 JOHNSON & JOHNSON 81,400 8,676 4.04%
41 JPMORGAN CHASE & CO 9,468 570 0.27%
42 KIMBERLY CLARK CORP 9,100 979 0.46%
43 KONINKLIJKE PHILIPS N V 92,241 2,925 1.36%
44 LA Cent Oil&Gas Co. 225 558 0.26%
45 LILLY ELI & CO 7,150 464 0.22%
46 MARATHON OIL CORP 175,775 6,607 3.08%
47 MERCK & CO INC 123,079 7,296 3.40%
48 MICROSOFT CORP 156,971 7,277 3.39%
49 Management Technologies Inc. 50,000 0 0.00%
50 NATIONAL FUEL GAS CO N J 14,800 1,036 0.48%
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