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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 15

Certification and Notice of Termination of Registration under Section 12(g) of 
  the Securities Exchange Act of 1934 or Suspension of Duty to File Reports 
      Under Sections 13 and 15(d) of the Securities Exchange Act of 1934.

                                     Commission File Number 1-3931

                               SALEM CORPORATION
             (Exact name of registrant as specified in its charter)

                 P.O. BOX 2222, PITTSBURGH, PENNSYLVANIA 15230
                                 (412) 276-5700
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

                     COMMON STOCK, PAR VALUE $.50 PER SHARE
            (Title of each class of securities covered by this Form)

                                      NONE
  (Titles of all other classes of securities for which a duty to file reports
                     under section 13(a) or 15(d) remains)

        Please place an X in the box(es) to designate the appropriate rule 
provision(s) relied upon to terminate or suspend the duty to file reports:


            Rule 12g-4(a)(1)(i)   [ X ]              Rule 12h-3(b)(1)(ii)  [   ]
            Rule 12g-4(a)(1)(ii)  [   ]              Rule 12h-3(b)(2)(i)   [   ]
            Rule 12g-4(a)(2)(i)   [   ]              Rule 12h-3(b)(2)(ii)  [   ]
            Rule 12g-4(a)(2)(ii)  [   ]              Rule 15d-6            [   ]
            Rule 12g-3(b)(1)(i)   [   ]

        Approximate number of holders of record as of the certificate or notice 
date:  1

        Pursuant to the requirements of the Securities Exchange Act of 1934 
Salem Corporation has caused this certification/notice to be signed on its 
behalf by the undersigned duly authorized person.


DATE:       October 16, 1996              BY:   /s/ LINDSEY D. ALTON
      -----------------------------           ----------------------------------
                                                    Lindsey D. Alton
                                                    Counsel for the Registrant


INSTRUCTION: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Exchange Act of 1934. 
The registrant shall file with the Commission three copies of Form 15, one 
of which shall be manually signed. It may be signed by an officer of the 
registrant, by counsel or by any other duly authorized person. The name 
and title of the person signing the form shall be typed or printed under 
the signature.