0001049648-11-000004.txt : 20110418 0001049648-11-000004.hdr.sgml : 20110418 20110418155754 ACCESSION NUMBER: 0001049648-11-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110418 DATE AS OF CHANGE: 20110418 EFFECTIVENESS DATE: 20110418 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: 11765532 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 inftable033111.txt 13F FILING 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, 2011 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 18, 2011 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: 75 Form 13F Information Table Value Total: 227641 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Comcast Corp PFD 7% PFD 20030N408 205 8000 SH Sole 4000 4000 Genl Elec Capital Corp. PFD 6% PFD 369622451 209 8000 SH Sole 4000 4000 3M Company COM 88579y101 2073 22175 SH Sole 3575 18600 AT & T Corp. COM 00206R102 608 19856 SH Sole 1272 18584 Abbott Laboratories COM 002824100 1020 20800 SH Sole 20800 Anadarko Petroleum COM 032511107 7105 86725 SH Sole 12400 74325 Analog Devices COM 032654105 4708 119550 SH Sole 4800 114750 Automatic Data Proc COM 053015103 236 4600 SH Sole 4600 AvalonBay Communities COM 053484101 585 4869 SH Sole 1823 3046 Barrick Gold Corp COM 067901108 10566 203539 SH Sole 21214 182325 Berkshire Hathaway CL B COM 084670207 2238 26758 SH Sole 5350 21408 Best Buy Co. Inc. COM 086516101 3207 111680 SH Sole 15900 95780 CVS/Caremark Corp. COM 126650100 6896 200930 SH Sole 30300 170630 Caterpillar COM 149123101 312 2800 SH Sole 2800 Chevron Corp. COM 166764100 754 7015 SH Sole 7015 Cintas Corp COM 172908105 214 7075 SH Sole 7075 Cisco Systems COM 17275R102 1332 77675 SH Sole 3800 73875 Coca-Cola Co. COM 191216100 213 3210 SH Sole 3210 Colgate Palmolive COM 194162103 753 9328 SH Sole 4303 5025 Conocophillips COM 20825C104 5451 68262 SH Sole 12800 55462 Corning COM 219350105 5638 273300 SH Sole 37250 236050 Costco Wholesale Corp. COM 22160k105 1125 15342 SH Sole 4047 11295 Devon Energy COM 25179M103 9128 99462 SH Sole 11100 88362 Dow Chemical COM 260543103 3567 94500 SH Sole 14500 80000 DuPont COM 263534109 6218 113112 SH Sole 11100 102012 Duke Energy Corp. COM 26441C105 3387 186632 SH Sole 13216 173416 EMC Corp. COM 268648102 2295 86390 SH Sole 21600 64790 EOG Resources, Inc. COM 26875P101 1256 10600 SH Sole 3500 7100 EnCana COM 292505104 4328 125350 SH Sole 22700 102650 Exxon Mobil COM 30231G102 1187 14105 SH Sole 2580 11525 Fedex Corp. COM 31428X106 295 3150 SH Sole 500 2650 General Electric COM 369604103 6218 310116 SH Sole 62442 247674 General Mills COM 370334104 593 16212 SH Sole 5012 11200 Glaxo Smithkline PLC-Spon ADR COM 37733W105 4653 121150 SH Sole 15400 105750 Halliburton Co. COM 406216101 1596 32025 SH Sole 1100 30925 Hewlett-Packard COM 428236103 4735 115576 SH Sole 12500 103076 Home Depot Inc. COM 437076102 511 13800 SH Sole 4950 8850 Honeywell Int'l COM 438516106 6992 117093 SH Sole 20518 96575 Int'l Bus Machines COM 459200101 1184 7260 SH Sole 1450 5810 Intel COM 458140100 3756 186141 SH Sole 38945 147196 International Paper COM 460146103 2771 91800 SH Sole 16200 75600 JP Morgan Chase & Co. COM 46625H100 360 7808 SH Sole 4458 3350 Johnson & Johnson COM 478160104 6440 108698 SH Sole 20400 88298 Kimberly-Clark COM 494368103 4682 71738 SH Sole 5800 65938 Lilly, Eli COM 532457108 2564 72900 SH Sole 13600 59300 MDU Resources Group COM 552690109 3419 148850 SH Sole 4600 144250 Marathon Oil Corp. COM 565849106 8215 154100 SH Sole 21200 132900 Medco Health Solutions, Inc. COM 58405U102 257 4576 SH Sole 964 3612 Medtronic Inc. COM 585055106 220 5600 SH Sole 5600 Merck & Co. COM 58933Y105 4662 141235 SH Sole 22100 119135 Microsoft COM 594918104 4377 172383 SH Sole 31900 140483 National Fuel Gas COM 636180101 1121 15150 SH Sole 5800 9350 Nestle S A ADR COM 641069406 4151 72212 SH Sole 18325 53887 Newmont Mining Corp. COM 651639106 5590 102424 SH Sole 15100 87324 Novartis AG ADR COM 66987V109 5467 100590 SH Sole 13900 86690 Paccar Inc. COM 693718108 603 11511 SH Sole 5400 6111 Paychex Inc COM 704326107 1248 39761 SH Sole 6037 33724 Pfizer Inc. COM 717081103 4811 236854 SH Sole 45800 191054 Philips Elec ADR COM 500472303 5705 177324 SH Sole 23100 154224 Plum Creek Timber COM 729251108 526 12050 SH Sole 2400 9650 Procter & Gamble COM 742718109 6504 105579 SH Sole 15382 90197 QEP Resources COM 74733V100 803 19800 SH Sole 7000 12800 Questar Corp. COM 748356102 346 19800 SH Sole 7000 12800 Schlumberger, Ltd. COM 806857108 6953 74553 SH Sole 12500 62053 Southern Co. COM 842587107 4236 111150 SH Sole 6250 104900 Stryker COM 863667101 608 10000 SH Sole 2600 7400 Sysco COM 871829107 234 8433 SH Sole 8433 Unilever PLC ADR COM 904767704 7048 230180 SH Sole 28100 202080 Union Pacific Corp. COM 907818108 328 3332 SH Sole 3332 United Technologies COM 913017109 3416 40351 SH Sole 9800 30551 Walgreen Co. COM 931422109 4359 108600 SH Sole 21850 86750 Weyerhaeuser Co. COM 962166104 6323 257050 SH Sole 38300 218750 Exxon Mobil COM 30231G102 294 3500 SH Sole 3500 Int'l Bus Machines COM 459200101 1026 6293 SH Sole 6293 LA Cent Oil & Gas Co. COM 546234204 630 225 SH Sole 225