FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (check only one.): [ ] is a restatement.
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Argus Investors' Counsel Inc.
Address: 100 Prospect Street, South Tower
Stamford, CT 06901
13F File number:28-542
The Institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person signing
the report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists and tables, are
considered integral parts of this form.
Person signing this report on behalf of Reporting manager:
Name: Herman Roseman
Title: President
Phone: 203-316-9000
Signature, Place, and Date of Signing
Herman I. Roseman Stamford, CT. July 27, 1999.
Report Type (Check only one.):
[X] 13F Holdings Report.
[ ] 13F Notice.
[ ] 13F Combination Report.
List of other Managers Reporting for this Manager: NONE
I am signing this report as required by the Securities Exchange Act
of 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of other included Managers: 0
Form 13F information Table Entry Total: 537
Form 13F Information Table Value Total: 1,362,471,595
List of other Included managers:NONE
FORM 13F INFORMATION TABLE
<TABLE> <C> <C>
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
07/20/99 CA53D
2:38 BEGINNING OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 99014208 SDUPRODN
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
1 2 3 4 5 6 7 8
1.23457E+79
----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^
53 1 1 1 1 1 1 1
----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^
1.23457E+79
1 2 3 4 5 6 7 8
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
07/20/99 CA53D
2:38 BEGINNING OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 99014208 SDUPRODN
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
1 2 3 4 5 6 7 8
1.23457E+79
----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^
53 1 1 1 1 1 1 1
----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^
1.23457E+79
1 2 3 4 5 6 7 8
FORM 13F
6/30/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 1
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING
AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE
SHARED
NONE
(A) (B) (C) (A) (B)
(C)
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
AT&T CORP COMMON 001957109 24682353 442237 442237 433837
900
ABBOTT LABS COMMON 002824100 3207559 70690 70690 63590
AIR PRODS & CHEMS INC COMMON 009158106 25710895 638780 638780 627880
1000
ALBERTSONS INC COMMON 013104104 26421398 512415 512415 506215
ALCOA INC COMMON 013817101 29042578 469375 469375 462775
AMERICA ONLINE INC DEL COMMON 02364J104 27424650 249315 249315 245815
200
AMERICAN EXPRESS CO COMMON 025816109 27737445 213160 213160 209360
500
AMERICAN INTL GROUP INC COMMON 026874107 28649686 244347 244347 240747
ARCHER DANIELS MIDLAND C COMMON 039483102 21651248 1402510 1402510 1402510
ATLANTIC RICHFIELD CO COMMON 048825103 672678 8050 8050 8050
AUTOMATIC DATA PROCESSIN COMMON 053015103 22437580 509945 509945 509145
800
BP AMOCO P L C COMMON 055622104 5678565 52337 52337 52137
200
BECTON DICKINSON & CO COMMON 075887109 25387050 846235 846235 833335
CAMPBELL SOUP CO COMMON 134429109 1188823 25635 25635 25635
CATERPILLAR INC DEL COMMON 149123101 25204800 420080 420080 411880
600
CHASE MANHATTAN CORP NEW COMMON 16161A108 25452625 294250 294250 289550
CISCO SYS INC COMMON 17275R102 33446929 519060 519060 511060
400
COCA COLA CO COMMON 191216100 4867620 78510 78510 73010
COLUMBIA/HCA HEALTHCARE COMMON 197677107 18511135 811447 811447 811447
--------- --------- --------- --------- --------- --------- -------
- --
- ---------
COLUMN TOTALS 377375617 7808378 7808378 7717978
4600
FORM 13F
6/30/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 2
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING
AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE
SHARED
NONE
(A) (B) (C) (A) (B)
(C)
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
DEERE & CO COMMON 244199105 1553588 39645 39645 39645
DELTA AIR LINES INC DEL COMMON 247361108 26013942 451435 451435 444835
300
DISNEY WALT COMPANY COMMON 254687106 29374635 953335 953335 940735
1400
DOW CHEMICAL COMPANY COMMON 260543103 29055390 229008 229008 225608
EASTMAN KODAK CO COMMON 277461109 26038764 384336 384336 378936
400
EMERSON ELEC CO COMMON 291011104 25307169 402100 402100 396200
EXXON CORP COMMON 302290101 1072038 13900 13900 9400
FDX CORP COMMON 31304N107 28297343 521610 521610 513610
FEDERAL NATL MTG ASSN COMMON 313586109 26099141 382405 382405 377605
200
FORD MTR CO DEL COMMON 345370100 19867411 352025 352025 345625
GTE CORP COMMON 362320103 3226115 42730 42730 42730
GANNETT INC COMMON 364730101 28579978 400420 400420 393920
1200
GENERAL ELEC CO COMMON 369604103 30354060 268620 268620 264720
GENERAL MTRS CORP COMMON 370442105 7778100 117850 117850 117450
400
GENUINE PARTS CO COMMON 372460105 26228615 749389 749389 749389
GILLETTE CO COMMON 375766102 5289000 129000 129000 119400
GOODYEAR TIRE & RUBR CO COMMON 382550101 22395800 380800 380800 380800
HEINZ H J CO COMMON 423074103 23321709 465271 465271 465271
HEWLETT PACKARD CO COMMON 428236103 23289368 231735 231735 230535
1200
--------- --------- --------- --------- --------- --------- -------
- --
- ---------
COLUMN TOTALS 383142164 6515614 6515614 6436414
5100
FORM 13F
6/30/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 3
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING
AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE
SHARED
NONE
(A) (B) (C) (A) (B)
(C)
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
INGERSOLL RAND CO COMMON 456866102 28193755 436267 436267 429467
INTEL CORP COMMON 458140100 28543043 479715 479715 472415
300
INTERNATIONAL BUS MACH COMMON 459200101 8198328 63430 63430 59630
INTL FLAVORS FRAGRANCE COMMON 459506101 22996160 522640 522640 521940
700
INTERNATIONAL PAPER CO COMMON 460146103 26321704 523815 523815 515362
K MART CORP COMMON 482584109 22393058 1357155 1357155 1357155
KIMBERLY CLARK CORP COMMON 494368103 27493836 482348 482348 474348
400
LILLY ELI & CO COMMON 532457108 5400525 75400 75400 75400
MAY DEPT STORES CO COMMON 577778103 25798706 631161 631161 630711
450
MCDONALDS CORP COMMON 580135101 6582056 160050 160050 150450
MICROSOFT CORP COMMON 594918104 32292085 358055 358055 350055
2400
MINNESOTA MNG & MFG CO COMMON 604059105 1398824 16090 16090 15490
600
MOBIL CORP COMMON 607059102 18744725 189820 189820 189820
MORGAN J P & CO INC COMMON 616880100 5832155 41510 41510 41010
500
MORGAN STAN DEAN WITTR COMMON 617446448 5344710 52080 52080 48680
MOTOROLA INC COMMON 620076109 32866406 346875 346875 341975
NORFOLK SOUTHERN CORP COMMON 655844108 625094 20750 20750 20750
PPG INDS INC COMMON 693506107 25548370 432565 432565 425365
PENNEY J C INC COMMON 708160106 220959 4550 4550 4550
--------- --------- --------- --------- --------- --------- -------
- --
- ---------
COLUMN TOTALS 324794499 6194276 6194276 6124573
5350
FORM 13F
6/30/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 4
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING
AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE
SHARED
NONE
(A) (B) (C) (A) (B)
(C)
- -----------------------------------------------------------------------------------------------------------------------
- --
- -----------
PEPSICO INC COMMON 713448108 25906891 669645 669645 669245
400
PFIZER INC COMMON 717081103 23529830 215870 215870 212670
PHELPS DODGE CORP COMMON 717265102 24156554 390015 390015 390015
PITNEY-BOWES INC COMMON 724479100 25633823 398970 398970 393070
PROCTER & GAMBLE CO COMMON 742718109 1204429 13495 13495 13495
RAYTHEON CO COMMON 755111408 26985285 382770 382770 377170
ROYAL DUTCH PETE CO COMMON 780257804 3904200 64800 64800 64800
SCHLUMBERGER LTD COMMON 806857108 29218551 458780 458780 451180
300
SONAT INC COMMON 835415100 10168050 306960 306960 306960
TEXAS UTILS CO COMMON 882848104 17090897 412450 412450 412450
UNILEVER N V NY SHS COMMON 904784709 26050230 373480 373480 367380
UNION PAC CORP COMMON 907818108 22873428 392256 392256 392256
V F CORP COMMON 918204108 1975050 46200 46200 46200
WAL MART STORES INC COMMON 931142103 8259435 171180 171180 160180
2000
WASTE MGMT INC DEL COMMON 94106L109 28047288 521810 521810 513758
652
WISCONSIN ENERGY CORP COMMON 976657106 2155375 86000 86000 86000
--------- --------- --------- --------- --------- --------- -------
- --
- ---------
COLUMN TOTALS 277159315 4904681 4904681 4856829
3352
--------- --------- --------- --------- --------- --------- -------
- --
- ---------
REPORT TOTALS 1362471595 25422949 25422949 25135794
18402
========= ========= ========= ========= ========= =========
=========
=========
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07/20/99 CA53D
2:41 END OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 99014208 SDUPRODN
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07/20/99 CA53D
2:41 END OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 99014208 SDUPRODN
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</TABLE>
