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
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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]