0000891092-01-500791.txt : 20011029 0000891092-01-500791.hdr.sgml : 20011029 ACCESSION NUMBER: 0000891092-01-500791 CONFORMED SUBMISSION TYPE: N-30B-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010930 FILED AS OF DATE: 20011024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL SECURITIES CORP CENTRAL INDEX KEY: 0000018748 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 131875970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30B-2 SEC ACT: 1940 Act SEC FILE NUMBER: 811-00179 FILM NUMBER: 1764704 BUSINESS ADDRESS: STREET 1: 375 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 2126883011 MAIL ADDRESS: STREET 1: 375 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10152 FORMER COMPANY: FORMER CONFORMED NAME: BUERGER LADET & RADINSKY INC DATE OF NAME CHANGE: 19671026 FORMER COMPANY: FORMER CONFORMED NAME: TRANS CENTRAL SECURITIES CORP DATE OF NAME CHANGE: 19700722 N-30B-2 1 file001.txt INTERIM REPORT TO STOCKHOLDERS ================================================================================ CENTRAL SECURITIES CORPORATION ---------- INTERIM REPORT TO STOCKHOLDERS AS OF SEPTEMBER 30, 2001 ================================================================================ To the Stockholders of CENTRAL SECURITIES CORPORATION: Financial data for the quarter ended September 30, 2001 prepared by management without audit by independent auditors and other pertinent information are submitted herewith. Comparative market values of net assets are as follows: Sept. 30, 2001 June 30, 2001 Dec. 31, 2000 -------------- ------------- ------------- Net assets .................... $463,790,098 $586,994,701 $596,289,086 Net assets per share of Common Stock ................ 25.67 32.49 32.94 Shares of Common Stock outstanding ............. 18,065,546 18,065,546 18,103,346 Comparative operating results are as follows: Nine months ended September 30, ------------------------------- 2001 2000 -------- -------- Net investment income ......................... $ 3,125,682 $ 4,574,288 Per share of Common Stock ................. .17* .27* Net realized gain on sale of investments ...... 28,165,621 62,506,022 Increase (decrease) in net unrealized appreciation of investments ................ (156,446,481) 34,670,911 Increase (decrease) in net assets resulting from operations ................... (125,155,178) 101,751,221 * Per-share data are based on the average number of Common shares outstanding during the nine-month period. In the quarter ended September 30, 2001 the Corporation did not repurchase any of its Common Stock. However, it may from time to time purchase Common Stock in such amounts and at such prices as the Board of Directors may deem advisable in the best interests of stockholders. Stockholders' inquiries are welcome. CENTRAL SECURITIES CORPORATION WILMOT H. KIDD, President 375 Park Avenue New York, NY 10152 October 22, 2001 [2] PRINCIPAL PORTFOLIO CHANGES July 1 to September 30, 2001 (Common Stock unless specified otherwise) Number of Shares -------------------------------------- Held September 30, Purchased Sold 2001 --------- ---- ------------- Accenture Ltd. ..................... 100,000 100,000 Analog Devices, Inc. ............... 20,000 710,000 Arrow Electronics, Inc. ............ 150,000 300,000 Cabletron Systems, Inc. ............ 200,000 -- Church & Dwight Co., Inc. .......... 190,000 -- Genuity Inc. ....................... 200,000 3,800,000 The Reynolds and Reynolds Company Class A ................. 500,000 -- Solectron Corporation .............. 460,000 460,000 UniFirst Corporation 78,000 72,000 Vical Incorporated ................. 100,000 100,000 Wind River Systems, Inc. ........... 200,000 200,000 [3] BOARD OF DIRECTORS DONALD G. CALDER DUDLEY D. JOHNSON President President G. L. Ohrstrom & Co., Inc. Young & Franklin Inc. New York, NY Liverpool, NY JAY R. INGLIS WILMOT H. KIDD Executive Vice President President National Marine Underwriters New York, NY C. CARTER WALKER, JR. Washington, CT OFFICERS WILMOT H. KIDD, President CHARLES N. EDGERTON, Vice President and Treasurer MARLENE A. KRUMHOLZ, Secretary OFFICE 375 Park Avenue, New York, NY 10152 212-688-3011 www.centralsecurities.com CUSTODIAN UMB Bank, N.A. P.O. Box 419226, Kansas City, MO 64141-6226 TRANSFER AGENT AND REGISTRAR EquiServe Trust Company, N.A. P. O. Box 2500, Jersey City, NJ 07303-2500 INDEPENDENT AUDITORS KPMG LLP 757 Third Avenue, New York, NY 10017 [4]