-----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, PKonTWFnDgYZ4h4FSTBT3Z8rx+CmTOAmlDLEg4iMqtdtp8f11pIxzDeCkOvVfvG0 tOijEQ45ZRaT9PyFDR3sVA== 0001023363-98-000030.txt : 19980218 0001023363-98-000030.hdr.sgml : 19980218 ACCESSION NUMBER: 0001023363-98-000030 CONFORMED SUBMISSION TYPE: 13F-E PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980213 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALEM INVESTMENT COUNSELORS INC CENTRAL INDEX KEY: 0000884423 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 561225913 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-E SEC ACT: SEC FILE NUMBER: 028-03405 FILM NUMBER: 98537005 BUSINESS ADDRESS: STREET 1: 480 SHEPHARD STREET SUITE 200 CITY: WINSTON SALEM STATE: NC ZIP: 27103 BUSINESS PHONE: 9107687230 13F-E 1 13F FOR QUARTER ENDED 12/31/97 PAGE 1 SECURITIES AND EXCHANGE COMMISSION FORM 13F-E Report for the Calendar Year or Quarter Ended: 12/31/97 Institutional Investment Manager: SALEM INVESTMENT COUNSELORS INC. 480 SHEPHARD STREET SUITE 200 WINSTON SALEM NC 27103 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 13F INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER Report for the Calendar Year or Quarter Ended December 31,1998 Salem Investment Counselors, Inc. Name of Institutional Investment Manager 480 Shepherd Street. Suite 200, Winston-Salem, NC 27103 Business Address Dale M. Brown, Vice President (336)768-7230 Name, Phone No., and Title of Person Duly Authorized to Submit This Report. The institutional investment manager submitting this Form and its attachments and the person by whom it is signed represent hereby that all information contained therein is true, correct and complete. It is understood that all required items, statements and schedules are considered integral parts of this Form and that the submission of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Pursuant to the requirements of Securities Exchange Act of 1934, the undersigned institutional investment manager has caused this report to be signed on its behalf in the City of Winston-Salem and State of North Carolina on the 4th day of February, 1998. Salem Investment Counselors. Inc. By: /s/ Dale M. Brown Dale M. Brown Vice President 1 PAGE 2 FORM 13F (SEC USE ONLY) Name, Title and Telephone Number of Person Submitting Report: DALE M. BROWN VICE PRESIDENT 336-768-7230 Signature, Place and Date of Signing: /s/ DALE M. BROWN WINSTON SALEM NC 02/04/98 PAGE 3 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE AT & T Corp COM 001957109 490 7992 SH SOLE 7992 Abbott Labs COM 002824100 395 6028 SH SOLE 6028 Acadiana Bancshares COM 004280103 437 18700 SH SOLE 18700 Acorn International Fund COM 004851200 802 43608 SH SOLE 43608 Affiliated Community COM 008188104 3849 101950 SH SOLE 101950 Aldila, Inc. COM 014384101 48 11000 SH SOLE 11000 Allmerica Financial Corp COM 019754100 431 8750 SH SOLE 8750 America Int'l Group COM 026874107 290 2586 SH SOLE 2586 American General Corp COM 026351106 206 3818 SH SOLE 3818 American Home Products COM 026609107 823 10760 SH SOLE 10760 American Stores Co COM 030096101 2338 113706 SH SOLE 113706 Ameritech COM 030954101 276 3426 SH SOLE 3426 Amoco Corporation COM 031905102 553 6500 SH SOLE 6500 Analysts Int'l Corp COM 032681108 673 19500 SH SOLE 19500 Archer Daniels Midland COM 039483102 222 10214 SH SOLE 10214 Asia Tigers Fund, Inc. COM 04516T105 927 123565 SH SOLE 123565 Automatic Data Process COM 053015103 382 6220 SH SOLE 6220 BB&T Corporation COM 054937107 1698 26500 SH SOLE 26500 BankAtlantic Bancorp COM 065908501 490 30019 SH SOLE 30019 Bank Plus Corp COM 064446107 226 17900 SH SOLE 17900 Bankunited Fin Corp CL A COM 065412108 508 33000 SH SOLE 33000 Barnett Banks Inc. COM 068055102 16585 230748 SH SOLE 230748 Bellsouth Corp COM 079860102 424 7526 SH SOLE 7526 Boddie-Noell Rest Ppty COM 096903109 2379 171450 SH SOLE 171450 Bristol Myers Squibb COM 110122108 459 4856 SH SOLE 4856 Broadway Financial Corp COM 111444105 265 20000 SH SOLE 20000 CCB Financial Corp COM 124875105 2796 26007 SH SOLE 26007 CT Communication CL B COM 126426204 250 1980 SH SOLE 1980 CVS Corp COM 126650100 320 5000 SH SOLE 5000 Callon Petroleum Co Del COM 13123X102 248 15226 SH SOLE 15226 Capital Bank-Raleigh, NC COM 139808109 625 50000 SH SOLE 50000 Cardiovascular Diagnostic COM 14060E106 1948 243533 SH SOLE 243533 Carolina Fincorp, Inc. COM 143874105 1060 57300 SH SOLE 57300 Cenit Bancorp COM 15131W109 294 3700 SH SOLE 3700 Century Bancorp COM 156433104 1948 23050 SH SOLE 23050 Century Bancshares COM 156436107 1704 160400 SH SOLE 160400 Chevron Corporation COM 166751107 562 7302 SH SOLE 7302 Cincinnati Financial Corp COM 172062AB7 1135 8064 SH SOLE 8064 Cisco Systems COM 17275R102 368 6600 SH SOLE 6600 Coastal Bancorp COM 19041P105 1011 29000 SH SOLE 29000 Coca-Cola Corporation COM 191216100 11435 171472 SH SOLE 171472 Colonial Downs Hldgs Cl A COM 195644100 35 10000 SH SOLE 10000 Community Bancshares COM 203433107 1156 84076 SH SOLE 84076 Community First Banking COM 203913108 458 10400 SH SOLE 10400 Compaq Computer COM 204493100 242 4275 SH SOLE 4275 Computer Network Tech COM 204925101 35 10000 SH SOLE 10000 ComSouth Bankshares COM 205648108 529 23000 SH SOLE 23000 Consolidated Products COM 209798107 406 20000 SH SOLE 20000 Cooperative Bancshares COM 216844100 4877 199050 SH SOLE 199050 Corecomm Inc. COM 21868N106 324 32000 SH SOLE 32000 PAGE 4 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE Cypress Semiconductor COM 232806109 121 14400 SH SOLE 14400 Dallas Semiconductor COM 235204104 317 7780 SH SOLE 7780 Disney, Walt Company COM 254687106 782 7899 SH SOLE 7899 Duke Energy Company COM 264399106 1219 22018 SH SOLE 22018 Dupont de nemours COM 263534109 219 3654 SH SOLE 3654 Eaton Corp COM 283695872 288 3224 SH SOLE 3224 Emerson Electric COM 291011104 235 4166 SH SOLE 4166 Engel General Developers COM M40515104 414 48000 SH SOLE 48000 Exxon Corporation COM 302290101 1402 22916 SH SOLE 22916 First American Corp, TN COM 318900107 2574 51730 SH SOLE 51730 First Chicago NBD Corp COM 31645A100 843 10100 SH SOLE 10100 First Regional Bancorp COM 33615C101 325 32500 SH SOLE 32500 First Republic Bancorp COM 33615F104 611 19125 SH SOLE 19125 First Union Corporation COM 337358105 3895 76000 SH SOLE 76000 First Fed Financial Corp COM 337907109 5890 152005 SH SOLE 152005 FirstSpartan Fin'l Corp COM 337931109 3455 85835 SH SOLE 85835 Fortune Brands COM 349631101 214 5780 SH SOLE 5780 General Electric COM 369604108 3390 46197 SH SOLE 46197 Georgia Pwr Tr II 7.60% PREFERRED 373332204 209 8000 SH SOLE 8000 Gillette Co COM 375766102 298 2968 SH SOLE 2968 Guidant Corporation COM 401698105 10381 166767 SH SOLE 166767 HF Bancorp, Inc. COM 403910102 595 34020 SH SOLE 34020 Harrington Financial Group COM 413801101 1790 139000 SH SOLE 139000 Harris Financial Inc. COM 414570101 1122 58500 SH SOLE 58500 Hershey Foods COM 427899108 458 7400 SH SOLE 7400 Hewlett Packard, Inc. COM 428236103 5469 87685 SH SOLE 87685 Household International COM 441815107 511 4000 SH SOLE 4000 Hubbell Inc. Cl B COM 443510201 7616 154447 SH SOLE 154447 IRT Property, Inc. COM 450058102 349 29525 SH SOLE 29525 ISB Financial Corp COM 450091103 2253 75425 SH SOLE 75425 Indiana United Bancorp COM 455149104 1110 24385 SH SOLE 24385 Individual Inc. COM 455912105 251 59000 SH SOLE 59000 International Bus Machine COM 459200101 635 6073 SH SOLE 6073 Jefferson Pilot Corp COM 475070108 651 8362 SH SOLE 8362 Jefferson Fed Svgs & Loan COM 474060100 381 13000 SH SOLE 13000 Johnson & Johnson COM 478160104 702 10650 SH SOLE 10650 KS Bancorp COM 48266R108 1620 73617 SH SOLE 73617 Kimberly Clark Corp COM 494368103 419 8488 SH SOLE 8488 Latin American Dis. Fund COM 51828C106 6086 339272 SH SOLE 339272 Leeds Federal Svgs Bank COM 52442P105 326 15000 SH SOLE 15000 Leggett & Platt COM 524660107 394 9400 SH SOLE 9400 Lilly, Eli & Co. COM 532457108 306 4400 SH SOLE 4400 Lowes Company Inc. COM 548661107 983 20608 SH SOLE 20608 Lucent Technologies COM 549463107 299 3742 SH SOLE 3742 MLC Holdings Inc. COM 55305V107 243 20000 SH SOLE 20000 McDonalds Corporation COM 580135101 784 16428 SH SOLE 16428 Mellon Bank Corporation COM 585509102 2038 33614 SH SOLE 33614 Merck & Co. COM 589331107 8864 83621 SH SOLE 83621 Meritrust Federal Svgs Bk COM 59000X113 834 12000 SH SOLE 12000 Methode Electronics ClA COM 591520200 414 25500 SH SOLE 25500 PAGE 5 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE Metromail Corp COM 591680103 5517 308625 SH SOLE 308625 Minnesota Mining & Mfg. COM 594918104 5934 72311 SH SOLE 72311 Microsoft COM 604059105 11589 89664 SH SOLE 89664 Mobil Corporation COM 607059102 170 2360 SH SOLE 2360 NationsBank Corporation COM 638585109 462 7596 SH SOLE 7596 Nestor, Inc. COM 641074109 19 10000 SH SOLE 10000 Newell Co COM 651192106 717 16880 SH SOLE 16880 Northwest Savings Bank COM 667794101 494 35000 SH SOLE 35000 Ohio St Fin'l Svcs Inc. COM 677911109 469 31000 SH SOLE 31000 Park Bancorp Inc. COM 700164106 279 15000 SH SOLE 15000 Pennsylvania REIT COM 708160106 258 10500 SH SOLE 10500 Pepsico, Inc. COM 713448108 10201 281399 SH SOLE 281399 Philip Morris Holding Co. COM 718154107 2433 53766 SH SOLE 53766 Phillips Electronics NV COM 718337504 608 10050 SH SOLE 10050 Plasti-Line, Inc. COM 727540106 26969 1961391 SH SOLE 1961391 Pluma Corp COM 729272104 331 38602 SH SOLE 38602 Proctor & Gamble COM 742718109 1219 15276 SH SOLE 15276 Provident Bankshares Gp COM 743859100 901 14100 SH SOLE 14100 River Valley Bancorp COM 768475105 725 40000 SH SOLE 40000 Royal Dutch Pete Co NY COM 780257804 282 5200 SH SOLE 5200 SBC Communications, Inc. COM 78387G103 445 6078 SH SOLE 6078 SGV Bancorp Inc. COM 78422T102 1859 104725 SH SOLE 104725 Safeway Inc. COM 786514208 316 5000 SH SOLE 5000 Sara Lee Corporation COM 803111103 2137 37944 SH SOLE 37944 Schering Plough COM 806605101 373 6000 SH SOLE 6000 Security Bancorp Inc TN COM 813771102 545 34350 SH SOLE 34350 ServiceMaster Co. COM 81760N109 6918 236524 SH SOLE 236524 Service Merchandise COM 817587108 1091 513605 SH SOLE 513605 Sisterville Bancorp Inc COM 829793108 519 34300 SH SOLE 34300 Sonoco Products COM 835495102 5611 161743 SH SOLE 161743 Southern Financial Bancorp COM 842870107 2125 98848 SH SOLE 98848 Spaghetti Warehouse COM 846329100 1833 318830 SH SOLE 318830 Star Banc Corp COM 855083101 301 5240 SH SOLE 5240 Staten Island Bancorp Inc COM 857550107 209 10000 SH SOLE 10000 Stone Street Bancorp, Inc. COM 861747103 1179 53897 SH SOLE 53897 SunTrust Banks, Inc. COM 867914103 867 12146 SH SOLE 12146 Sysco COM 871829107 5468 120010 SH SOLE 120010 TCF Financial Corp COM 872275102 501 14752 SH SOLE 14752 Teche Holding Co COM 878330109 654 28750 SH SOLE 28750 360 Communications COM 88557H097 518 25683 SH SOLE 25683 Three Rivers Financial Corp COM 88562H107 1449 66600 SH SOLE 66600 TriContinental Corp COM 895436103 155 5812 SH SOLE 5812 Triad Guaranty Inc. COM 895925105 18343 632510 SH SOLE 632510 Tribune Co COM 896047107 7895 126835 SH SOLE 126835 Tricon Global Restaurants COM 895953107 673 23150 SH SOLE 23150 Trigon Healthcare Inc. COM 89618L100 2351 89975 SH SOLE 89975 UMB Financial Corp COM 902788108 6430 117987 SH SOLE 117987 Unifirst Corporation COM 904708104 6716 239304 SH SOLE 239304 US Airways Group Inc COM 911905107 572 9150 SH SOLE 9150 US Bancorp Del COM 911596104 1287 11500 SH SOLE 11500 PAGE 6 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE US West Inc. Media Group COM 912889201 6125 212114 SH SOLE 212114 VF Corporation COM 918204108 5407 116288 SH SOLE 116288 Wachovia Corporation COM 929771103 2418 29800 SH SOLE 29800 Wallace Computer COM 932270101 3828 98471 SH SOLE 98471 Wellington Hall Ltd COM 949535207 2423 15500 SH SOLE 15500 Worthington Inc. COM 981811102 1567 94981 SH SOLE 94981 REPORT SUMMARY 156 DATA RECORDS 325212 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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