-----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, Cl34VwQGYC+nbTVT8e0SlN3pha0RAAPT00CaiaqsKd8iPux8sYgf7coNR7nNXj4Y aa2KlbWy6iwQDN/B+ydbZg== 0001023363-98-000072.txt : 19980817 0001023363-98-000072.hdr.sgml : 19980817 ACCESSION NUMBER: 0001023363-98-000072 CONFORMED SUBMISSION TYPE: 13F-E PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980630 FILED AS OF DATE: 19980814 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: 98691570 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 06/30/98 PAGE 1 SECURITIES AND EXCHANGE COMMISSION FORM 13F-E Report for the Calendar Year or Quarter Ended: 06/30/98 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 June 30,1998 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 08/05/98 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 416 7286 SH SOLE 7286 Abbott Labs COM 002824100 798 19456 SH SOLE 19456 Acadiana Bancshares, Inc. COM 004280103 372 16520 SH SOLE 16520 Acorn International Fund COM 004851200 2229 102551 SH SOLE 102551 Affiliated Community COM 008188104 518 14250 SH SOLE 14250 Alltell Corp. COM 020039103 302 6500 SH SOLE 6500 American General Corp COM 026351106 272 3818 SH SOLE 3818 American Home Products COM 026609107 1034 19978 SH SOLE 19978 American Stores Co COM 030096101 271 11210 SH SOLE 11210 Ameritech COM 030954101 330 7352 SH SOLE 7352 Amoco Corporation COM 031905102 592 13200 SH SOLE 13200 Analysts Int'l Corp COM 032681108 617 21750 SH SOLE 21750 Archer Daniels Midland COM 039483102 198 10214 SH SOLE 10214 Asia Tigers Fund, Inc. COM 04516T105 847 134215 SH SOLE 134215 Automatic Data Process COM 053015103 898 12320 SH SOLE 12320 BB&T Corporation COM 054937107 1713 25326 SH SOLE 25326 Bank of Granite COM 062401104 273 8668 SH SOLE 8668 BankAtlantic Bancorp COM 065908501 411 34750 SH SOLE 34750 Bankunited Fin Corp CL A COM 065412108 297 18000 SH SOLE 18000 Basin Exploration Inc. COM 070107107 1221 69300 SH SOLE 69300 Bay View Capital Corp. COM 07262L101 318 10000 SH SOLE 10000 Bayard Drilling Tech COM 072700107 228 28000 SH SOLE 28000 Bell Atlantic Corp. COM 077853109 294 9270 SH SOLE 9270 Bellsouth Corp. COM 079860102 491 7308 SH SOLE 7308 Berkshire Hathaway CL A COM 084670108 783 10 SH SOLE 10 Boddie-Noell Rest Ppty COM 096903109 2494 190050 SH SOLE 190050 Bristol Myers Squibb COM 110122108 535 4656 SH SOLE 4656 Broadway Financial Corp COM 111444105 215 20000 SH SOLE 20000 CCB Financial Corp COM 124875105 2970 27955 SH SOLE 27955 CT Communication CL B COM 126426204 253 1980 SH SOLE 1980 Callon Petroleum Co Del COM 13123X102 218 15226 SH SOLE 15226 Capital Bank-Raleigh, NC COM 139808109 813 50000 SH SOLE 50000 Cardiovascular Diagnostic COM 14060E106 1403 244063 SH SOLE 244063 Carolina Fincorp, Inc. COM 143874105 442 42100 SH SOLE 42100 Cenit Bancorp COM 15131W109 331 14400 SH SOLE 14400 Century Bancorp COM 156433104 1187 69800 SH SOLE 69800 Century Bancshares COM 156436107 1787 188139 SH SOLE 188139 Chevron Corporation COM 166751107 545 6508 SH SOLE 6508 Cincinnati Financial Corp COM 172062AB7 928 24192 SH SOLE 24192 Cisco Systems COM 17275R102 1646 17875 SH SOLE 17875 Coca-Cola Corporation COM 191216100 15198 177754 SH SOLE 177754 Coddle Creek Financial COM 191891100 4461 60075 SH SOLE 60075 Colonial Downs Hldgs Cl A COM 195644100 26 10000 SH SOLE 10000 Community Bancshares COM 203433107 1151 86076 SH SOLE 86076 Compaq Computer COM 204493100 294 10350 SH SOLE 10350 ComSouth Bankshares COM 205648108 621 23000 SH SOLE 23000 Consolidated Products COM 209798107 228 10800 SH SOLE 10800 Consolidation Cap Corp COM 210296109 468 20800 SH SOLE 20800 Cooperative Bancshares COM 216844100 3489 199350 SH SOLE 199350 Corecomm Inc. COM 21868N106 236 9000 SH SOLE 9000 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 Cree Research Inc COM 225447101 352 23450 SH SOLE 23450 Cypress Semiconductor COM 232806109 120 14400 SH SOLE 14400 Dallas Semiconductor COM 235204104 241 7780 SH SOLE 7780 Dell Computer Corp COM 247025109 589 6346 SH SOLE 6346 Dime Bancorp, Inc. COM 25429Q102 299 10000 SH SOLE 10000 Disney, Walt Company COM 254687106 1473 14019 SH SOLE 14019 Duke Energy Company COM 264399106 1551 26178 SH SOLE 26178 Dupont de nemours COM 263534109 229 3060 SH SOLE 3060 Eaton Corp COM 283695872 212 2724 SH SOLE 2724 Emerson Electric COM 291011104 252 4166 SH SOLE 4166 Engel General Developers COM M40515104 297 48000 SH SOLE 48000 Equitable Fed Svgs Bk COM 294487103 210 7000 SH SOLE 7000 Excel Realty Pfd 8.625% PRE 30067R404 246 10000 SH SOLE 10000 Exxon Corporation COM 302290101 1608 22531 SH SOLE 22531 Fannie Mae COM 313586109 768 12650 SH SOLE 12650 First American Corp, TN COM 318900107 1569 32610 SH SOLE 32610 First Regional Bancorp COM 33615C101 730 78900 SH SOLE 78900 First Union Corporation COM 337358105 4625 79394 SH SOLE 79394 First Fed Financial Corp COM 337907109 9484 182384 SH SOLE 182384 FirstSpartan Fin'l Corp COM 337931109 5385 130539 SH SOLE 130539 Fred Meyer Inc COM 592907109 383 9000 SH SOLE 9000 General Electric COM 369604108 4577 50368 SH SOLE 50368 Gillette Co COM 375766102 366 6442 SH SOLE 6442 Golden St Bancorp Inc COM 381197102 298 10000 SH SOLE 10000 Guidant Corporation COM 401698105 12491 175160 SH SOLE 175160 Harbor FL Bancshares Inc COM 411901101 239 20000 SH SOLE 20000 Harrington Financial Group COM 413801101 1892 168200 SH SOLE 168200 Harris Financial Inc. COM 414570101 895 40700 SH SOLE 40700 Hewlett Packard COM 428236103 6539 109217 SH SOLE 109217 Hubbell Inc. Cl B COM 443510201 7866 180303 SH SOLE 180303 IRT Property, Inc. COM 450058102 586 53250 SH SOLE 53250 ISB Financial Corp COM 450091103 2045 77175 SH SOLE 77175 Indiana United Bancorp COM 455149104 898 16260 SH SOLE 16260 Intel Corp COM 458140100 749 10100 SH SOLE 10100 International Bus Machine COM 459200101 468 4073 SH SOLE 4073 Jefferson Pilot Corp COM 475070108 769 13278 SH SOLE 13278 Jefferson Fed Svgs & Loan COM 474060100 392 13300 SH SOLE 13300 Johnson & Johnson COM 478160104 807 10905 SH SOLE 10905 KS Bancorp COM 48266R108 1663 74748 SH SOLE 74748 Latin American Dis. Fund COM 51828C106 4599 484143 SH SOLE 484143 Leeds Federal Svgs Bank COM 52442P105 274 15000 SH SOLE 15000 Leggett & Platt COM 524660107 4364 174564 SH SOLE 174564 Lilly, Eli & Co. COM 532457108 271 4085 SH SOLE 4085 Long Beach Financial Corp COM 542446109 1177 107000 SH SOLE 107000 Lowes Company Inc. COM 548661107 1339 33016 SH SOLE 33016 Lucent Technologies COM 549463107 686 8244 SH SOLE 8244 MLC Holdings Inc. COM 55305V107 275 20000 SH SOLE 20000 McDonalds Corporation COM 580135101 851 12338 SH SOLE 12338 MediaOne Group COM 58440J104 10372 236059 SH SOLE 236059 Mellon Bank Corporation COM 585509102 939 13474 SH SOLE 13474 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 Merck & Co. COM 589331107 12558 93893 SH SOLE 93893 Methode Electronics ClA COM 591520200 395 25500 SH SOLE 25500 Minnesota Mining & Mfg. COM 594918104 6650 80915 SH SOLE 80915 Microsoft COM 604059105 22100 203923 SH SOLE 203923 Mobil Corporation COM 607059102 704 9191 SH SOLE 9191 NationsBank Corporation COM 638585109 19679 256607 SH SOLE 256607 Nestor, Inc. COM 641074109 20 10000 SH SOLE 10000 Newell Co COM 651192106 824 16550 SH SOLE 16550 Newsedge Corp COM 65249Q106 252 25500 SH SOLE 25500 Niagara Bancorp, Inc. COM 652914102 443 30000 SH SOLE 30000 Norrell Corp GA COM 656301108 257 12900 SH SOLE 12900 Northwest Savings Bank COM 667328108 395 25000 SH SOLE 25000 Norwest Corp COM 669380107 218 5800 SH SOLE 5800 Ohio St Fin'l Svcs Inc. COM 677911109 467 30600 SH SOLE 30600 Onix Systems Inc COM 67088G108 914 71000 SH SOLE 71000 PNC Bank Corp COM 693475105 846 15700 SH SOLE 15700 Pennsylvania REIT COM 708160106 233 10500 SH SOLE 10500 Peoples Bank Newton NC COM 710215104 635 20000 SH SOLE 20000 Pepsico, Inc. COM 713448108 11266 273528 SH SOLE 273528 Philip Morris Holding Co. COM 718154107 993 25231 SH SOLE 25231 Phillips Electronics NV COM 718337504 1647 19400 SH SOLE 19400 Pluma Corp COM 729272104 265 39602 SH SOLE 39602 Proffitts Inc COM 742925100 307 7600 SH SOLE 7600 Proctor & Gamble COM 742718109 1439 15800 SH SOLE 15800 Provident Bankshares Gp COM 743859100 1736 58860 SH SOLE 58860 Quitman Bancorp COM 748803103 823 63300 SH SOLE 63300 River Valley Bancorp COM 768475105 750 40000 SH SOLE 40000 Royal Dutch Pete Co NY COM 780257804 280 5100 SH SOLE 5100 SBC Communications Inc COM 78387G103 477 11925 SH SOLE 11925 SGV Bancorp Inc COM 78422T102 2184 128450 SH SOLE 128450 Sara Lee Corporation COM 803111103 1984 35464 SH SOLE 35464 Schering Plough COM 806605101 1594 17400 SH SOLE 17400 Schlumberger Ltd COM 806857108 246 3600 SH SOLE 3600 Scottish Bank Charlotte COM 81013N104 200 12500 SH SOLE 12500 Security Bancorp Inc TN COM 813771102 629 37300 SH SOLE 37300 ServiceMaster Co COM 81760N109 10381 272730 SH SOLE 272730 Service Merchandise COM 817587108 525 335996 SH SOLE 335996 Sisterville Bancorp Inc COM 829793108 677 43300 SH SOLE 43300 Sonoco Products COM 835495102 6099 201606 SH SOLE 201606 SC Community Bankshares COM 83689P105 235 11000 SH SOLE 11000 Southern Financial Bancorp COM 842870107 3316 126933 SH SOLE 126933 Spaghetti Warehouse COM 846329100 1961 245181 SH SOLE 245181 Sportsmans Guide COM 848907200 45 10000 SH SOLE 10000 Star Banc Corp COM 855083101 335 5240 SH SOLE 5240 Staten Island Bancorp Inc COM 857550107 780 34300 SH SOLE 34300 Stone Street Bancorp, Inc COM 861747103 1142 59725 SH SOLE 59725 SunTrust Banks, Inc. COM 867914103 979 12046 SH SOLE 12046 Symons Intl Group Inc COM 87154P105 1250 66650 SH SOLE 66650 Sysco COM 871829107 7103 277181 SH SOLE 277181 TCF Financial Corp COM 872275102 435 14752 SH SOLE 14752 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 Teche Holding Co COM 878330109 867 44200 SH SOLE 44200 Three Rivers Financial Corp COM 88562H107 846 43650 SH SOLE 43650 TriContinental Corp COM 895436103 241 8662 SH SOLE 8662 Triad Guaranty Inc. COM 895925105 22422 659481 SH SOLE 659481 Tribune Co COM 896047107 9403 136643 SH SOLE 136643 Tricon Global Restaurants COM 895953107 312 9845 SH SOLE 9845 Trigon Healthcare Inc. COM 89618L100 3615 99883 SH SOLE 99883 UMB Financial Corp COM 902788108 7083 143085 SH SOLE 143085 Unifirst Corporation COM 904708104 6965 278617 SH SOLE 278617 US Bancorp Del COM 911596104 1484 34500 SH SOLE 34500 US West Inc. Media Group COM 91273H101 434 9268 SH SOLE 9268 VF Corporation COM 918204108 4609 89070 SH SOLE 89070 Wachovia Corporation COM 929771103 2134 25249 SH SOLE 25249 Wallace Computer COM 932270101 3115 131171 SH SOLE 131171 Walter Industries Inc COM 93317Q105 4693 247825 SH SOLE 247825 World Color Press Inc COM 981443104 700 20000 SH SOLE 20000 Worthington Inc. COM 981811102 464 30805 SH SOLE 30805 REPORT SUMMARY 167 DATA RECORDS 356032 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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