-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UmTj01fSAkmaTlHUSia3z1zlmlG/7YMC+onCmE1VmgTiF+KS9t63uIS8JmDlR9rj 6TXg3KEfWK/IcqYmJYcuKA== 0001049648-09-000002.txt : 20090409 0001049648-09-000002.hdr.sgml : 20090409 20090409140222 ACCESSION NUMBER: 0001049648-09-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090409 DATE AS OF CHANGE: 20090409 EFFECTIVENESS DATE: 20090409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALEM CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001049648 IRS NUMBER: 043044036 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03625 FILM NUMBER: 09742178 BUSINESS ADDRESS: STREET 1: 200 UNICORN PARK DRIVE CITY: WOBURN STATE: MA ZIP: 01801 BUSINESS PHONE: 7819329005 MAIL ADDRESS: STREET 1: 200 UNICORN PARK DRIVE CITY: WOBURN STATE: MA ZIP: 01801 13F-HR 1 inftable12312009.txt FORM 13F United States Securities and Exchange Commission Washington, D.C. 20549 Form 13F Form 13F cover page Report for the Calendar Year or Quarter Ended: March 31, 2009 Check here if Amendment [ ]; Amendment Number: This Amendment (check only one): [ ] is a restatement. [ ] adds new holding entries. Institutional Investment Manager Filing this Report: Name: Salem Capital Management Address: 200 Unicorn Park Drive Woburn, MA 01801 Form 13F File Number: 28-03625 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person signing this report on behalf of reporting Manager: Name: Helene C. Brodette Title: Systems Manager Phone: 781-932-9005 Signature, Place, and Date of Signing /s/ Helene C. Brodette Woburn, MA April 9, 2009 Report Type (check only one): [ X ] 13F Holdings Report [ ] 13F Notice [ ] 13f combination report Form 13F summary page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 72 Form 13F Information Table Value Total: 117873 (X$1000) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579y101 668 13440 SH Sole 3175 10265 AT&T Corp. COM 00206R102 542 21504 SH Sole 1272 20232 Abbott Laboratories COM 002824100 1026 21518 SH Sole 21518 Alcoa Inc. COM 013817101 1504 204850 SH Sole 23900 180950 American Int'l Group COM 026874107 14 13597 SH Sole 13597 Anadarko Petroleum COM 032511107 4073 104725 SH Sole 15600 89125 Atmos Energy COM 049560105 1635 70700 SH Sole 70700 Automatic Data Proc COM 053015103 260 7400 SH Sole 7400 AvalonBay Communities COM 053484101 270 5732 SH Sole 1823 3909 Avery Dennison COM 053611109 480 21500 SH Sole 2500 19000 BHP Billiton LTD ADR COM 088606108 2533 56800 SH Sole 5400 51400 BP Amoco PLC ADR COM 055622104 418 10420 SH Sole 5394 5026 Barrick Gold Corp COM 067901108 6407 197614 SH Sole 23714 173900 Baxter Int'l COM 071813109 369 7200 SH Sole 7200 Berkshire Hathaway CL B COM 084670207 1354 480 SH Sole 107 373 CVS/Caremark Corp. COM 126650100 4511 164080 SH Sole 28400 135680 Chevron Corp. COM 166764100 672 10000 SH Sole 10000 Cintas Corp COM 172908105 305 12325 SH Sole 12325 Cisco Systems COM 17275R102 681 40600 SH Sole 3800 36800 Colgate Palmolive COM 194162103 739 12528 SH Sole 4303 8225 Conocophillips COM 20825C104 1494 38150 SH Sole 2500 35650 Consol Edison Co. COM 209115104 290 7325 SH Sole 7325 Costco Wholesale Corp. COM 22160K105 834 18002 SH Sole 4047 13955 Devon Energy COM 25179M103 4845 108416 SH Sole 11100 97316 Dow Chemical COM 260543103 937 111100 SH Sole 14500 96600 DuPont COM 263534109 2592 116062 SH Sole 11100 104962 Duke Energy Corp. COM 26441C105 1697 118515 SH Sole 3316 115199 EOG Resources, Inc. COM 26875P101 728 13300 SH Sole 4200 9100 Exxon Mobil COM 30231G102 1166 17117 SH Sole 3000 14117 General Electric COM 369604103 2564 253573 SH Sole 47342 206231 General Mills COM 370334104 947 18987 SH Sole 2506 16481 Glaxo Smithkline PLC-Spon ADR COM 37733W105 3517 113200 SH Sole 12400 100800 Halliburton Co. COM 406216101 438 28300 SH Sole 28300 Helmerich & Payne Inc. COM 423452101 4228 185700 SH Sole 31700 154000 Hewlett-Packard COM 428236103 207 6452 SH Sole 6452 Home Depot Inc. COM 437076102 399 16950 SH Sole 4950 12000 Honeywell Int'l COM 438516106 3439 123443 SH Sole 20518 102925 Hugoton Royalty TR COM 444717102 454 47500 SH Sole 1100 46400 Int'l Bus Machines COM 459200101 689 7110 SH Sole 1600 5510 Intel COM 458140100 960 63845 SH Sole 9645 54200 International Paper COM 460146103 1159 164588 SH Sole 21700 142888 Ishares MSCI Japan Index FD COM 464286848 79 10000 SH Sole 10000 JP Morgan Chase & Co. COM 46625H100 208 7808 SH Sole 4458 3350 Johnson & Johnson COM 478160104 5807 110408 SH Sole 20400 90008 Kimberly-Clark COM 494368103 3874 84025 SH Sole 11400 72625 Lilly, Eli COM 532457108 287 8600 SH Sole 8600 MDU Resources Group COM 552690109 3402 210775 SH Sole 23800 186975 Medtronic Inc. COM 585055106 483 16401 SH Sole 2000 14401 Merck & Co. COM 589331107 326 12200 SH Sole 3000 9200 Microsoft COM 594918104 2921 158990 SH Sole 27300 131690 National Fuel Gas COM 636180101 511 16650 SH Sole 5800 10850 Nestle S A ADR COM 641069406 2737 80862 SH Sole 19925 60937 Newmont Mining Corp. COM 651639106 3478 77700 SH Sole 14100 63600 Novartis AG ADR COM 66987V109 3705 97940 SH Sole 13700 84240 Paccar Inc. COM 693718108 328 12748 SH Sole 5400 7348 Paychex Inc COM 704326107 1013 39461 SH Sole 5337 34124 Pfizer Inc. COM 717081103 3489 256202 SH Sole 37800 218402 Philips Elec ADR COM 500472303 920 61850 SH Sole 3700 58150 Plum Creek Timber COM 729251108 448 15400 SH Sole 2400 13000 Procter & Gamble COM 742718109 5160 109575 SH Sole 15082 94493 Questar Corp. COM 748356102 712 24200 SH Sole 9500 14700 Schlumberger, Ltd. COM 806857108 3287 80931 SH Sole 12800 68131 Stryker COM 863667101 298 8750 SH Sole 1800 6950 Sysco COM 871829107 283 12433 SH Sole 12433 The Travelers Companies, Inc. COM 89417E109 3538 87067 SH Sole 11872 75195 Unilever PLC ADR COM 904767704 4589 242420 SH Sole 28100 214320 United Technologies COM 913017109 838 19493 SH Sole 1442 18051 Walgreen Co. COM 931422109 1598 61560 SH Sole 7050 54510 Wyeth COM 983024100 403 9370 SH Sole 9370 Affiliated Managers Grp COM 008252108 225 5400 SH Sole 5400 Exxon Mobil COM 30231G102 272 4000 SH Sole 4000 Int'l Bus Machines COM 459200101 610 6293 SH Sole 6293
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