-----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, O5hdikPKpKBx6z0oL3kGmcAP9zrPgb0uarUYpHczY2LH23prghPksYrOg7UzA8Sh uRt3up3rqQz1Ej/e6VzSog== 0001023363-98-000054.txt : 19980515 0001023363-98-000054.hdr.sgml : 19980515 ACCESSION NUMBER: 0001023363-98-000054 CONFORMED SUBMISSION TYPE: 13F-E PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970330 FILED AS OF DATE: 19980514 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: 98620720 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 3/30/98 PAGE 1 SECURITIES AND EXCHANGE COMMISSION FORM 13F-E Report for the Calendar Year or Quarter Ended: 3/30/97 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 1st day of May, 1998. Salem Investment Counselors. Inc. By: /s/ Dale M. Brown Dale M. Brown Vice President PAGE 2 1 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 05/01/98 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 476 7242 SH SOLE 7242 Abbott Labs COM 002824100 959 12728 SH SOLE 12728 Acadiana Bancshares COM 004280103 392 17250 SH SOLE 17250 Acorn International Fund COM 004851200 1576 72527 SH SOLE 72527 Affiliated Community COM 008188104 1046 26647 SH SOLE 26647 Aldila, Inc. COM 014384101 65 11000 SH SOLE 11000 Allmerica Financial Corp COM 019754100 396 6200 SH SOLE 6200 American General Corp COM 026351106 247 3818 SH SOLE 3818 American Home Products COM 026609107 950 9960 SH SOLE 9960 American Stores Co COM 030096101 343 13210 SH SOLE 13210 Ameritech COM 030954101 368 7452 SH SOLE 7452 Amoco Corporation COM 031905102 605 7000 SH SOLE 7000 Analysts Int'l Corp COM 032681108 636 21750 SH SOLE 21750 Archer Daniels Midland COM 039483102 224 10214 SH SOLE 10214 Asia Tigers Fund, Inc. COM 04516T105 750 88215 SH SOLE 88215 Automatic Data Process COM 053015103 415 6100 SH SOLE 6100 BB&T Corporation COM 054937107 1750 25859 SH SOLE 25859 Bank of Granite COM 062401104 222 6935 SH SOLE 6935 BankAtlantic Bancorp COM 065908501 476 34750 SH SOLE 34750 Bankunited Fin Corp CL A COM 065412108 252 18000 SH SOLE 18000 Basin Exploration Inc. COM 070107107 639 31000 SH SOLE 31000 Bayard Drilling Tech COM 072700107 336 23000 SH SOLE 23000 Bellsouth Corp. COM 079860102 625 9273 SH SOLE 9273 Berkshire Hathaway CL A COM 084670108 558 10 SH SOLE 10 Boddie-Noell Rest Ppty COM 096903109 2802 186050 SH SOLE 186050 Bristol Myers Squibb COM 110122108 486 4656 SH SOLE 4656 Broadway Financial Corp COM 111444105 250 20000 SH SOLE 20000 CCB Financial Corp COM 124875105 3106 28095 SH SOLE 28095 CT Communication CL B COM 126426204 259 1980 SH SOLE 1980 CNS Inc. COM 126650100 59 10600 SH SOLE 10600 Callon Petroleum Co Del COM 13123X102 259 15226 SH SOLE 15226 Capital Bank-Raleigh, NC COM 139808109 788 50000 SH SOLE 50000 Cardiovascular Diagnostic COM 14060E106 2197 244063 SH SOLE 244063 Carolina Fincorp, Inc. COM 143874105 989 56100 SH SOLE 56100 Cenit Bancorp COM 15131W109 379 4800 SH SOLE 4800 Century Bancorp COM 156433104 3017 26700 SH SOLE 26700 Century Bancshares COM 156436107 1931 177600 SH SOLE 177600 Chevron Corporation COM 166751107 513 6402 SH SOLE 6402 Cincinnati Financial Corp COM 172062AB7 1010 8064 SH SOLE 8064 Cisco Systems COM 17275R102 1210 17700 SH SOLE 17700 Coca-Cola Corporation COM 191216100 13759 177672 SH SOLE 177672 Coddle Creek Financial COM 191891100 4434 55425 SH SOLE 55425 Colonial Downs Hldgs Cl A COM 195644100 43 10000 SH SOLE 10000 Community Bancshares COM 203433107 1399 86076 SH SOLE 86076 ComSouth Bankshares COM 205648108 664 23000 SH SOLE 23000 Consolidated Products COM 209798107 208 10800 SH SOLE 10800 Consolidation Cap Corp COM 210296109 226 9000 SH SOLE 9000 Cooperative Bancshares COM 216844100 3864 198150 SH SOLE 198150 Corecomm Inc. COM 21386N106 1016 61000 SH SOLE 61000 Cree Research Inc COM 225447101 249 15000 SH SOLE 15000 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 145 14400 SH SOLE 14400 Dallas Semiconductor COM 235204104 262 7780 SH SOLE 7780 Dell Computer Corp COM 247025109 440 6500 SH SOLE 6500 Disney, Walt Company COM 254687106 1497 14019 SH SOLE 14019 Duke Energy Company COM 264399106 1512 25378 SH SOLE 25378 Dupont de nemours COM 263534109 255 3754 SH SOLE 3754 Eaton Corp COM 283695872 307 3224 SH SOLE 3224 Emerson Electric COM 291011104 284 4166 SH SOLE 4166 Enron Corp COM 293861809 255 5500 SH SOLE 5500 Engel General Developers COM M40515104 264 48000 SH SOLE 48000 Equitable Fed Svgs Bk COM 294487103 224 7000 SH SOLE 7000 Excel Realty Pfd 8.625% PREFERRED 30067R404 495 20000 SH SOLE 20000 Exxon Corporation COM 302290101 1438 21267 SH SOLE 21267 Fannie Mae COM 313586109 614 9700 SH SOLE 9700 First American Corp, TN COM 318900107 1598 32610 SH SOLE 32610 First Chicago NBD Corp COM 31645A100 881 10000 SH SOLE 10000 First Regional Bancorp COM 33615C101 625 75750 SH SOLE 75750 First Republic Bancorp COM 33615F104 212 5900 SH SOLE 5900 First Union Corporation COM 337358105 4511 79394 SH SOLE 79394 First Fed Financial Corp COM 337907109 6641 158589 SH SOLE 158589 FirstSpartan Fin'l Corp COM 337931109 7035 155909 SH SOLE 155909 Fred Meyer Inc COM 592907109 416 9000 SH SOLE 9000 General Electric COM 369604108 4272 49567 SH SOLE 49567 Gillette Co COM 375766102 352 2968 SH SOLE 2968 Golden St Bancorp Inc COM 381197102 382 10000 SH SOLE 10000 Guidant Corporation COM 401698105 11748 160106 SH SOLE 160106 Harbor FL Bancshares Inc COM 411901101 178 15000 SH SOLE 15000 Harrington Financial Group COM 413801101 1780 156500 SH SOLE 156500 Harris Financial Inc. COM 414570101 1193 44800 SH SOLE 44800 Hershey Foods COM 427899108 1316 18370 SH SOLE 18370 Hubbell Inc. Cl B COM 443510201 7389 146684 SH SOLE 146684 IRT Property, Inc. COM 450058102 603 51850 SH SOLE 51850 ISB Financial Corp COM 450091103 2142 77175 SH SOLE 77175 Indiana United Bancorp COM 455149104 1644 28285 SH SOLE 28285 Intel Corp COM 458140100 726 9300 SH SOLE 9300 International Bus Machine COM 459200101 423 4073 SH SOLE 4073 Jefferson Pilot Corp COM 475070108 744 8362 SH SOLE 8362 Jefferson Fed Svgs & Loan COM 474060100 178 12700 SH SOLE 12700 Johnson & Johnson COM 478160104 786 10700 SH SOLE 10700 KS Bancorp COM 48266R108 1639 74482 SH SOLE 74482 Kimberly Clark Corp COM 494368103 221 4400 SH SOLE 4400 Latin American Dis. Fund COM 51828C106 5398 449825 SH SOLE 449825 Leeds Federal Svgs Bank COM 52442P105 338 15000 SH SOLE 15000 Leggett & Platt COM 524660107 4490 87282 SH SOLE 87282 Lilly, Eli & Co. COM 532457108 227 4000 SH SOLE 4000 Long Beach Financial Corp COM 542446109 740 58000 SH SOLE 58000 Lowes Company Inc. COM 548661107 1439 20508 SH SOLE 20508 Lucent Technologies COM 549463107 527 4122 SH SOLE 4122 MLC Holdings Inc. COM 55305V107 275 20000 SH SOLE 20000 McDonalds Corporation COM 580135101 740 12338 SH SOLE 12338 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 Mellon Bank Corporation COM 585509102 1005 15824 SH SOLE 15824 Merck & Co. COM 589331107 11626 90698 SH SOLE 90698 Methode Electronics ClA COM 591520200 381 25500 SH SOLE 25500 Metromail Corp COM 591680103 12441 359294 SH SOLE 359294 Minnesota Mining & Mfg. COM 594918104 7196 79081 SH SOLE 79081 Microsoft COM 604059105 17643 197128 SH SOLE 197128 Mobil Corporation COM 607059102 666 8694 SH SOLE 8694 NationsBank Corporation COM 638585109 18717 256617 SH SOLE 256617 Nestor, Inc. COM 641074109 20 10000 SH SOLE 10000 Newell Co COM 651192106 802 16550 SH SOLE 16550 Newsedge Corp COM 65249Q106 360 25500 SH SOLE 25500 Norrell Corp GA COM 656301108 291 12900 SH SOLE 12900 Northwest Savings Bank COM 667794101 588 35000 SH SOLE 35000 Norwest Corp COM 669380107 208 5000 SH SOLE 5000 Ohio St Fin'l Svcs Inc. COM 677911109 503 29600 SH SOLE 29600 Park Bancorp Inc. COM 700164106 281 15000 SH SOLE 15000 Pennsylvania REIT COM 708160106 257 10500 SH SOLE 10500 Pepsico, Inc. COM 713448108 13153 308117 SH SOLE 308117 Philip Morris Holding Co. COM 718154107 3553 85231 SH SOLE 85231 Phillips Electronics NV COM 718337504 793 10800 SH SOLE 10800 Pitney Bowes COM 724479100 321 6400 SH SOLE 6400 Pluma Corp COM 729272104 261 38602 SH SOLE 38602 Proffitts Inc COM 742925100 276 7600 SH SOLE 7600 Proctor & Gamble COM 742718109 1052 12468 SH SOLE 12468 Provident Bankshares Gp COM 743859100 1963 55500 SH SOLE 55500 Ralston Purina Group COM 751277302 445 4200 SH SOLE 4200 River Valley Bancorp COM 768475105 692 36400 SH SOLE 36400 Royal Dutch Pete Co NY COM 780257804 290 5100 SH SOLE 5100 SBC Communications Inc COM 78387G103 658 15160 SH SOLE 15160 SGV Bancorp Inc COM 78422T102 2297 129425 SH SOLE 129425 Sara Lee Corporation COM 803111103 2190 35464 SH SOLE 35464 Schering Plough COM 806605101 1422 17400 SH SOLE 17400 Schlumberger Ltd COM 806857108 254 3350 SH SOLE 3350 Security Bancorp Inc TN COM 813771102 449 27200 SH SOLE 27200 ServiceMaster Co COM 817615107 7136 249851 SH SOLE 249851 Service Merchandise COM 817587108 778 389196 SH SOLE 389196 Sisterville Bancorp Inc COM 829793108 536 34300 SH SOLE 34300 Sonoco Products COM 835495102 7149 178446 SH SOLE 178446 Southern Financial Bancorp COM 842870107 2708 106198 SH SOLE 106198 Spaghetti Warehouse COM 846329100 1701 245181 SH SOLE 245181 Star Banc Corp COM 855083101 310 5240 SH SOLE 5240 Staten Island Bancorp Inc COM 857550107 611 30000 SH SOLE 30000 Stone Street Bancorp, Inc COM 861747103 1229 59597 SH SOLE 59597 SunTrust Banks, Inc. COM 867914103 916 12146 SH SOLE 12146 Symons Intl Group Inc COM 87154P105 374 22000 SH SOLE 22000 Sysco COM 871829107 6544 255366 SH SOLE 255366 TCF Financial Corp COM 872275102 343 10094 SH SOLE 10094 Teche Holding Co COM 878330109 975 43800 SH SOLE 43800 Thermo Electron Corp COM 883556102 315 7800 SH SOLE 7800 360 Communications COM 88557H097 221 7083 SH SOLE 7083 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 Three Rivers Financial Corp COM 88562H107 2281 109250 SH SOLE 109250 TriContinental Corp COM 895436103 269 9071 SH SOLE 9071 Triad Guaranty Inc. COM 895925105 25981 633686 SH SOLE 633686 Tribune Co COM 896047107 9435 133823 SH SOLE 133823 Tricon Global Restaurants COM 895953107 320 10632 SH SOLE 10632 Trigon Healthcare Inc. COM 89618L100 5087 169225 SH SOLE 169225 UMB Financial Corp COM 902788108 8356 136981 SH SOLE 136981 Unifirst Corporation COM 904708104 7534 269072 SH SOLE 269072 US Bancorp Del COM 911596104 1435 11500 SH SOLE 11500 US West Inc. Media Group COM 912889201 8020 230794 SH SOLE 230794 VF Corporation COM 918204108 5767 109713 SH SOLE 109713 Wachovia Corporation COM 929771103 2155 25414 SH SOLE 25414 Wallace Computer COM 932270101 4070 117536 SH SOLE 117536 Walter Industries Inc COM 93317Q105 534 25000 SH SOLE 25000 Wellington Hall Ltd COM 949535207 3 12500 SH SOLE 12500 Worthington Inc. COM 981811102 571 31505 SH SOLE 31505 REPORT SUMMARY 166 DATA RECORDS 357942 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
-----END PRIVACY-ENHANCED MESSAGE-----