|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: MERCHANTS NEW YORK BANCORP INC, 10-Q, 1997-08-13 |
Next: INTERNATIONAL FAMILY ENTERTAINMENT INC, 8-K, 1997-08-13 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 6/30/97
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 June 30,1997
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 (910)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
11th day of August, 1997.
Salem Investment Counselors. Inc.
By: /s/ Dale M. Brown
Dale M. Brown
Vice President
1
<PAGE>
<PAGE> PAGE 2
(SEC USE ONLY)
Name, Title and Telephone Number of Person Submitting Report:
DALE M. BROWN VICE PRESIDENT 910-768-7230
Signature, Place and Date of Signing:
/s/ DALE M. BROWN WINSTON SALEM NC 8/11/97
<PAGE> 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
Acadiana Bancshares, Inc. COM 004280103 713 36000 SH SOLE 36000
Acorn Int'l Fund, Inc. COM 004851200 1231 58000 SH SOLE 58000
Affiliated Community COM 008188104 2115 90000 SH SOLE 90000
Aldila Inc. COM 014384101 61 11000 SH SOLE 11000
American Home Products COM 026609107 230 3000 SH SOLE 3000
American Stores Co COM 030096101 6123 124000 SH SOLE 124000
Amoco Corporation COM 031905102 432 5000 SH SOLE 5000
Analysts International Corp COM 032681108 335 10000 SH SOLE 10000
Archer Daniels Midland COM 039483102 212 9000 SH SOLE 9000
Asia Tigers Fund, Inc. COM 04516T105 441 39000 SH SOLE 39000
Auto Data Processing Inc. COM 053015103 329 7000 SH SOLE 7000
BB&T Corporation COM 054937107 1125 25000 SH SOLE 25000
Bank of Granite, NC COM 062401104 1059 35000 SH SOLE 35000
Bank Plus Corp COM 064446107 131 12000 SH SOLE 12000
Boddie-Noell Rest. Property COM 096903109 1376 109000 SH SOLE 109000
Broadway Financial Corp COM 111444105 215 20000 SH SOLE 20000
CCB Financial Corp COM 124875105 1609 22000 SH SOLE 22000
CVS Corp COM 126650100 256 5000 SH SOLE 5000
Callon Petroleum Co Del COM 13123X102 240 15000 SH SOLE 15000
Cardiovascular Diagnostics COM 14060E106 1268 169000 SH SOLE 169000
Carolina Fincorp, Inc. COM 143874105 825 55000 SH SOLE 55000
Cenit Bancorp Inc. COM 15131W109 878 18000 SH SOLE 18000
Century Bancorp Inc. NC COM 156433104 1035 15000 SH SOLE 15000
Chevron Corporation COM 166751107 370 5000 SH SOLE 5000
Coastal Bancorp Inc. COM 19041P105 417 14000 SH SOLE 14000
Coca Cola Corporation COM 191216100 5100 75000 SH SOLE 75000
Colonial Downs Hldgs Cl A COM 195644100 163 25000 SH SOLE 25000
Community Bancshares COM 203433107 1177 43000 SH SOLE 43000
Computer Network Technol. COM 204925101 45 10000 SH SOLE 10000
Consolidated Products COM 209798107 205 11000 SH SOLE 11000
Cooperative Bankshares COM 216844100 2163 103000 SH SOLE 103000
Cypress Semiconductor COM 232806109 203 14000 SH SOLE 14000
Dallas Semiconductor COM 235204104 313 8000 SH SOLE 8000
Disney, Walt Company COM 254687106 722 9000 SH SOLE 9000
Duke Power Company COM 264399106 1103 23000 SH SOLE 23000
Einstein/Noah Bagel COM 282577105 1098 92000 SH SOLE 92000
Exxon Corporation COM 302290101 919 15000 SH SOLE 15000
First American Corp, TN COM 318900107 5987 156000 SH SOLE 156000
First Bank Systems, Inc. COM 319279105 1366 16000 SH SOLE 16000
First Republic Bancorp COM 33615F104 1953 84000 SH SOLE 84000
First Union Corporation COM 337358105 3238 35000 SH SOLE 35000
First Fed Financial Corp COM 337907109 4846 156000 SH SOLE 156000
General Electric COM 369604108 1755 27000 SH SOLE 27000
Guidant Corporation COM 401698105 8755 103000 SH SOLE 103000
HF Bancorp Inc. COM 403910102 503 35000 SH SOLE 35000
Harrington Financial Group COM 413801101 279 23000 SH SOLE 23000
Hewlett Packard, Inc. COM 428236103 5152 92000 SH SOLE 92000
Household International COM 441815107 470 4000 SH SOLE 4000
Hubbell Inc. Cl B COM 443510201 6864 156000 SH SOLE 156000
IRT Property, Inc. COM 450058102 541 46000 SH SOLE 46000
<PAGE> 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
ISB Financial Corp. COM 450091103 1872 72000 SH SOLE 72000
ITLA Capital Corp. COM 450565106 488 30000 SH SOLE 30000
Indiana United Bancorp COM 455149104 938 25000 SH SOLE 25000
Insteel Industry Inc. COM 45774W108 157 19000 SH SOLE 19000
Jefferson Pilot Corp COM 475070108 559 8000 SH SOLE 8000
Johnson & Johnson COM 478160104 579 9000 SH SOLE 9000
KS Bancorp COM 48266R108 1190 70000 SH SOLE 70000
Latin Amer. Discovery Fund SHARES 51828C106 6873 348000 SH SOLE 348000
Leggett & Platt COM 524660107 3784 88000 SH SOLE 88000
Long Beach Financial Corp COM 542446109 1050 120000 SH SOLE 120000
Lowes Company Inc. COM 548661107 743 20000 SH SOLE 20000
MLC Holdings Inc. COM 55305V107 265 20000 SH SOLE 20000
McDonalds Corporation COM 580135101 918 19000 SH SOLE 19000
Mellon Bank Corporation COM 585509102 993 22000 SH SOLE 22000
Merck & Company COM 589331107 7980 78000 SH SOLE 78000
Methode Electronics Cl A COM 591520200 497 25000 SH SOLE 25000
Metromail Corp COM 591680103 7004 283000 SH SOLE 283000
Microsoft Corporation COM 594918104 12764 101000 SH SOLE 101000
Minnesota Mining & Mfg. COM 604059105 6340 62000 SH SOLE 62000
Mobil Corporation COM 607059102 210 3000 SH SOLE 3000
NationsBank Corporation COM 638585109 323 5000 SH SOLE 5000
Nestor, Inc. COM 641074109 23 10000 SH SOLE 10000
Newell Co. COM 651192106 676 17000 SH SOLE 17000
Norrell Corp. COM 656301108 462 14000 SH SOLE 14000
Palfed, Inc. COM 696370105 1055 63000 SH SOLE 63000
Pepsico Inc. COM 713448108 10781 287000 SH SOLE 287000
Philip Morris Holding Co COM 718154107 1726 39000 SH SOLE 39000
Plasti-Line Inc. COM 727540106 2403 216000 SH SOLE 216000
Proctor & Gamble COM 742718109 1413 10000 SH SOLE 10000
Provident Financial Hldgs COM 743868101 299 18000 SH SOLE 18000
Royal Dutch Pete Co NY COM 780257804 214 1000 SH SOLE 1000
Sara Lee Corporation COM 803111103 1540 37000 SH SOLE 37000
ServiceMaster L.P. COM 817615107 5198 226000 SH SOLE 226000
Service Merchandise COM 817587108 1938 646000 SH SOLE 646000
Sonoco Products COM 835495102 4901 161000 SH SOLE 161000
South Street Financial Corp COM 840468102 1469 89000 SH SOLE 89000
Southern Financial Bancorp COM 842870107 1376 86000 SH SOLE 86000
Spaghetti Warehouse COM 846329100 1986 331000 SH SOLE 331000
Stone Street Bancorp Inc. COM 861747103 1440 66000 SH SOLE 66000
SunTrust Banks, Inc. COM 867914103 661 12000 SH SOLE 12000
Sysco COM 871829107 3906 107000 SH SOLE 107000
TCF Financial Corp COM 872275102 247 5000 SH SOLE 5000
TR Financial Corp COM 872630108 504 20000 SH SOLE 20000
360 Communications COM 88557H097 360 21000 SH SOLE 21000
Three Rivers Financial Corp COM 88562H107 1088 68000 SH SOLE 68000
Triad Guaranty Inc. COM 895925105 16063 354000 SH SOLE 354000
Tribune Co. COM 896047107 6056 126000 SH SOLE 126000
UMB Financial Corp. COM 902788108 1208 28000 SH SOLE 28000
Unifirst Corporation COM 904708104 4620 231000 SH SOLE 231000
Union Corp COM 906072103 236 9000 SH SOLE 9000
<PAGE> 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
US West Inc Media Group COM 912889201 3787 187000 SH SOLE 187000
Uno Restaurants COM 914900105 141 20000 SH SOLE 20000
VF Corporation COM 918204108 5170 15000 SH DEFINED 61000
Wachovia Corporation COM 929771103 1458 25000 SH SOLE 25000
Wallace Computer COM 932270101 2976 99000 SH SOLE 99000
Worthington Inc. COM 981811102 751 41000 SH SOLE 41000
REPORT SUMMARY 106 DATA RECORDS 221605 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
|
|