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 (2016Q2)
Original 13F HR (0001049648-16-000007) filed in 2016.07.11
#
Name
Shares
Value ($)
%
Options
Notes
1 BARD C R INC 2,350 553 0.32%
2 CINTAS CORP 2,500 245 0.14%
3 CATERPILLAR INC 2,700 205 0.12%
4 AUTOMATIC DATA PROCESSING IN 2,700 248 0.14%
5 UNITED TECHNOLOGIES CORP 2,705 277 0.16%
6 EXPRESS SCRIPTS HLDG CO 2,845 216 0.12%
7 AVALONBAY COMM 3,027 546 0.31%
8 BRISTOL MYERS SQUIBB CO 3,100 228 0.13%
9 FEDEX CORP 3,400 516 0.30%
10 DUKE ENERGY CORP NEW 3,602 309 0.18%
11 STRYKER CORP 3,950 473 0.27%
12 INTERNATIONAL BUSINESS MACHS 4,874 740 0.43%
13 SYSCO CORP 5,000 254 0.15%
14 GLAXOSMITHKLINE PLC 5,850 254 0.15%
15 ANALOG DEVICES INC 5,970 338 0.19%
16 LILLY ELI & CO 6,067 478 0.28%
17 WELLS FARGO & CO NEW 6,110 289 0.17%
18 SOUTHERN CO 8,750 469 0.27%
19 HOME DEPOT INC 8,800 1,124 0.65%
20 KIMBERLY CLARK CORP 8,950 1,230 0.71%
21 3M Co 9,100 1,594 0.92%
22 GENERAL MLS INC 9,400 670 0.39%
23 CHEVRON CORP NEW 10,550 1,106 0.64%
24 QUESTAR CORP COM 10,750 273 0.16%
25 DOVER CORP 11,275 782 0.45%
26 COSTCO WHSL CORP NEW 11,395 1,789 1.03%
27 EOG RES INC 12,550 1,047 0.60%
28 NATIONAL FUEL GAS CO N J 13,400 762 0.44%
29 PAYPAL HLDGS INC 13,925 508 0.29%
30 COLGATE PALMOLIVE CO 14,950 1,094 0.63%
31 JPMORGAN CHASE & CO 15,018 933 0.54%
32 ABBVIE INC 15,150 938 0.54%
33 EXXON MOBIL CORP 15,385 1,442 0.83%
34 PAYCHEX INC 20,149 1,199 0.69%
35 AT&T INC 25,970 1,122 0.65%
36 NOVARTIS A G 25,994 2,145 1.24%
37 ANADARKO PETE CORP 27,650 1,472 0.85%
38 Nextera Enterprises Inc. 30,000 0 0.00%
39 ABBOTT LABS 33,773 1,328 0.77%
40 NESTLE SA SPONSORED ADR REPSTG 45,637 3,528 2.03%
41 DU PONT E I DE NEMOURS & CO 47,230 3,061 1.76%
42 SCHLUMBERGER LTD 47,299 3,740 2.16%
43 PROCTER AND GAMBLE CO 66,273 5,611 3.23%
44 HONEYWELL INTL INC 67,077 7,802 4.50%
45 HALLIBURTON CO 71,820 3,253 1.88%
46 JOHNSON & JOHNSON 72,785 8,829 5.09%
47 WESTROCK CO 73,959 2,875 1.66%
48 KONINKLIJKE PHILIPS N V 75,175 1,875 1.08%
49 CVS HEALTH CORP 76,430 7,317 4.22%
50 VERIZON COMMUNICATIONS INC 77,156 4,308 2.48%
Page 1 of 2