|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: MENS WEARHOUSE INC, 424B3, 1999-02-10 |
Next: SYNAPTIC PHARMACEUTICAL CORP, SC 13G, 1999-02-10 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/98
Institutional Investment Manager:
SALEM INVESTMENT COUNSELORS INC.
480 SHEPHERD 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 12/31/98
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
5th day of February, 1999.
Salem Investment Counselors, Inc.
By: /s/ Dale M. Brown
Dale M. Brown
<PAGE> PAGE 2
Vice President
1
<PAGE>
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 2/5/99
<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
Abbott Labs COM 002824100 581 11856 SH SOLE 11856
Acadiana Bancshares, Inc COM 004280103 248 14250 SH SOLE 14250
Acorn International Fund COM 004851200 2194 105387 SH SOLE 105387
American General Corp COM 026351106 300 3851 SH SOLE 3851
American Home Products COM 026609107 2658 47157 SH SOLE 47157
American Int'l Group Inc COM 026874107 227 2348 SH SOLE 2348
Amoco Corporation COM 031905102 838 14000 SH SOLE 14000
Analysts Int'l Corp COM 032681108 419 21750 SH SOLE 21750
Anchor Financial Corp SC COM 033036104 587 17250 SH SOLE 17250
Annaly Mortgage Mgmt COM 035710409 83 10000 SH SOLE 10000
Archer Daniels Midland COM 039483102 174 10157 SH SOLE 10157
Asia Tigers Fund, Inc. COM 04516T105 489 74555 SH SOLE 74555
Automatic Data Process COM 053015103 475 5920 SH SOLE 5920
BB&T Corporation COM 054937107 2154 53437 SH SOLE 53437
Bank of Granite COM 062401104 226 8184 SH SOLE 8184
BankAmerica Corp COM 066050105 15435 256710 SH SOLE 256710
BankAtlantic Bancorp COM 065908501 119 18500 SH SOLE 18500
Bankunited Fin Corp CL A COM 065412108 144 18000 SH SOLE 18000
Basin Exploration Inc. COM 070107107 888 70700 SH SOLE 70700
Bay View Capital Corp COM 07262L101 217 10000 SH SOLE 10000
Bellsouth Corp COM 079860102 358 7174 SH SOLE 7174
Berkshire Hathaway CL A COM 084670108 1044 15 SH SOLE 15
Blackrock 1999 Term Trt COM 09247T100 201 20655 SH SOLE 20655
Blackrock 2001 Term Trt COM 092477108 482 53535 SH SOLE 53535
Blackrock Inv Qual Term COM 09247J102 185 20990 SH SOLE 20990
Blackrock Strategic Term COM 09247P108 342 37175 SH SOLE 37175
Blackrock Target Term Trt COM 092476100 553 56710 SH SOLE 56710
Boddie-Noell Rest Ppty COM 096903109 2009 192450 SH SOLE 192450
Bristol Myers Squibb COM 110122108 623 4656 SH SOLE 4656
Broadway Financial Corp COM 111444105 150 21600 SH SOLE 21600
Building One Services Co COM 120114103 271 13000 SH SOLE 13000
CCB Financial Corp COM 124875105 3214 56392 SH SOLE 56392
CSK Auto Corp COM 125965103 534 20000 SH SOLE 20000
CNS, Inc COM 126136100 44 12750 SH SOLE 12750
CT Communication CL B COM 126426204 297 1980 SH SOLE 1980
Callon Petroleum Co Del COM 13123X102 177 15226 SH SOLE 15226
Capital Bank-Raleigh, NC COM 139808109 550 50000 SH SOLE 50000
Carolina Fincorp, Inc. COM 143874105 341 42600 SH SOLE 42600
Cenit Bancorp COM 15131W109 407 18950 SH SOLE 18950
Century Bancorp COM 156433104 886 65600 SH SOLE 65600
Century Bancshares COM 156436107 1192 176614 SH SOLE 176614
Chevron Corporation COM 166751107 531 6402 SH SOLE 6402
Cincinnati Financial Corp COM 172062AB7 886 24192 SH SOLE 24192
Cisco Systems COM 17275R102 2392 25767 SH SOLE 25767
Coca-Cola Corporation COM 191216100 5318 79377 SH SOLE 79377
Coddle Creek Financial COM 191891100 4024 64910 SH SOLE 64910
Community Bancshares COM 203433107 1304 92768 SH SOLE 92768
Compaq Computer COM 204493100 365 8700 SH SOLE 8700
Consolidated Products COM 209798107 63 10800 SH SOLE 10800
Cooperative Bancshares COM 216844100 2171 182842 SH SOLE 182842
<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
Cypress Semiconductor COM 232806109 120 14400 SH SOLE 14400
DLJ High Yield Bond Fund COM 23322Y108 383 43500 SH SOLE 43500
Dallas Semiconductor COM 235204104 439 10780 SH SOLE 10780
Dell Computer Corp COM 247025109 270 3692 SH SOLE 3692
Dime Bancorp, Inc COM 25429Q102 263 10000 SH SOLE 10000
Disney, Walt Company COM 254687106 753 25097 SH SOLE 25097
Duke Energy Company COM 264399106 1289 20118 SH SOLE 20118
ECB Bancorp Inc COM 268253101 168 11000 SH SOLE 11000
EMC Corp Mass COM 268648102 366 4300 SH SOLE 4300
Eaton Corp COM 283695872 207 2924 SH SOLE 2924
Emerson Electric COM 291011104 252 4166 SH SOLE 4166
Engel General Developers COM M40515104 75 30000 SH SOLE 30000
Exxon Corporation COM 302290101 1106 15126 SH SOLE 15126
First American Corp, TN COM 318900107 1465 33010 SH SOLE 33010
First Regional Bancorp COM 33615C101 639 85200 SH SOLE 85200
First Union Corporation COM 337358105 4697 77230 SH SOLE 77230
Firstar Corp COM 33763V109 629 6760 SH SOLE 6760
First Fed Financial Corp COM 337907109 6767 378553 SH SOLE 378553
FirstSpartan Fin'l Corp COM 337931109 209 6950 SH SOLE 6950
Fred Meyer Inc COM 592907109 844 14000 SH SOLE 14000
Friede Goldman Int'l Inc COM 358430106 193 17000 SH SOLE 17000
Gaston Federal Bancorp COM 367304102 150 11500 SH SOLE 11500
General Electric COM 369604108 4159 40774 SH SOLE 40774
Gillette Co COM 375766102 284 5936 SH SOLE 5936
Golden St Bancorp Inc COM 381197102 166 10000 SH SOLE 10000
Guidant Corporation COM 401698105 18163 165119 SH SOLE 165119
Gulfmark Offshore, Inc COM 402629109 510 32410 SH SOLE 32410
Halliburton Co COM 406216101 593 20000 SH SOLE 20000
Harrington Financial Group COM 413801101 970 121200 SH SOLE 121200
Harris Financial Inc COM 414570101 137 10050 SH SOLE 10050
Hewlett Packard COM 428236103 7480 109502 SH SOLE 109502
Hubbell Inc CL B COM 443510201 7045 185391 SH SOLE 185391
IRT Property, Inc COM 450058102 527 52650 SH SOLE 52650
ISB Financial Corp COM 450091103 1630 73675 SH SOLE 73675
ITLA Cap Corp COM 450565106 227 15000 SH SOLE 15000
Indiana United Bancorp COM 455149104 310 14000 SH SOLE 14000
Intel Corp COM 458140100 842 7100 SH SOLE 7100
International Bus Machine COM 459200101 746 4047 SH SOLE 4047
Jefferson Pilot Corp COM 475070108 941 12542 SH SOLE 12542
Jefferson Fed Svgs & Loan COM 474060100 252 14000 SH SOLE 14000
Johnson & Johnson COM 478160104 347 4140 SH SOLE 4140
KS Bancorp COM 48266R108 1189 67917 SH SOLE 67917
Latin American Dis. Fund COM 51828C106 2749 444195 SH SOLE 444195
Leggett & Platt COM 524660107 3380 153654 SH SOLE 153654
Lilly, Eli & Co COM 532457108 381 4285 SH SOLE 4285
Long Beach Financial Corp COM 542446109 495 66000 SH SOLE 66000
Lowes Company Inc COM 548661107 1823 35616 SH SOLE 35616
Lucent Technologies COM 549463107 326 2967 SH SOLE 2967
MLC Holdings Inc COM 55305V107 179 20000 SH SOLE 20000
Marathon Bancorp COM 565757101 50 17000 SH SOLE 17000
<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
McDonalds Corporation COM 580135101 775 10088 SH SOLE 10088
MediaOne Group, Inc COM 58440J104 9227 196313 SH SOLE 196313
Medtronics Inc COM 585055106 253 3410 SH SOLE 3410
Mellon Bank Corporation COM 585509102 926 13474 SH SOLE 13474
Merck & Co COM 589331107 13089 88736 SH SOLE 88736
Methode Electronics CL A COM 591520200 398 25500 SH SOLE 25500
Microsoft COM 594918104 21924 158083 SH SOLE 158083
Minnesota Mining & Mfg. COM 604059105 5628 79125 SH SOLE 79125
Morgan Stanley Asia Pacific COM 61744U106 77 11000 SH SOLE 11000
Nestor, Inc COM 641074109 3 10000 SH SOLE 10000
New Plan Realty Trust COM 648059103 248 10000 SH SOLE 10000
Newell Co COM 651192106 587 14230 SH SOLE 14230
Newsedge Corp COM 65249Q106 296 25500 SH SOLE 25500
Norrell Corp GA COM 656301108 190 12900 SH SOLE 12900
Northwest Bancorp Inc PA COM 667328108 205 21000 SH SOLE 21000
Ohio St Fin'l Svcs Inc COM 677911109 240 20000 SH SOLE 20000
Pennsylvania REIT COM 709102107 204 10500 SH SOLE 10500
Peoples Bank Newton NC COM 710215104 475 19000 SH SOLE 19000
Pepsico, Inc COM 713448108 12487 305493 SH SOLE 305493
Pfizer, Inc COM 717081103 297 2379 SH SOLE 2379
Pharmanetics, Inc COM 71713J107 331 63046 SH SOLE 63046
Philip Morris Holding Co. COM 718154107 1433 26777 SH SOLE 26777
Phillips Electronics NV COM 718337504 6214 91810 SH SOLE 91810
Pitney Bowes Inc COM 724479100 423 6400 SH SOLE 6400
Pluma Corp COM 729272104 89 47602 SH SOLE 47602
Proctor & Gamble COM 742718109 1420 15553 SH SOLE 15553
Provident Bankshares Gp COM 743859100 1624 65281 SH SOLE 65281
Quitman Bancorp COM 748803103 704 63300 SH SOLE 63300
R&B Falcon Corp COM 74912E101 141 18625 SH SOLE 18625
Republic Industries COM 760516104 994 66856 SH SOLE 66856
River Valley Bancorp COM 768475105 516 35000 SH SOLE 35000
SBC Communications Inc COM 78387G103 215 3794 SH SOLE 3794
SGV Bancorp Inc COM 78422T102 1339 107140 SH SOLE 107140
Saks, Inc COM 79377R109 240 7600 SH SOLE 7600
Sara Lee Corporation COM 803111103 1766 62654 SH SOLE 62654
Schering Plough COM 806605101 871 15756 SH SOLE 15756
Schlumberger Ltd COM 806857108 570 12300 SH SOLE 12300
Scottish Bank Charlotte COM 81013N104 232 14500 SH SOLE 14500
Sealed Air Corp COM 81211K100 379 7425 SH SOLE 7425
Security Bancorp Inc TN COM 813771102 662 38100 SH SOLE 38100
ServiceMaster Co COM 81760N109 9187 416389 SH SOLE 416389
Service Merchandise COM 817587108 11 39400 SH SOLE 39400
Sisterville Bancorp Inc COM 829793108 558 42100 SH SOLE 42100
Sonoco Products COM 835495102 6423 216813 SH SOLE 216813
SC Community Bankshares COM 83689P108 153 11000 SH SOLE 11000
Southcoast Community Bk COM 83689P108 185 20000 SH SOLE 20000
Southern Financial Bancorp COM 842870107 2654 126372 SH SOLE 126372
Spaghetti Warehouse COM 846329100 2193 287613 SH SOLE 287613
Sportsmans Guide Inc COM 848907200 134 21000 SH SOLE 21000
Stone Street Bancorp, Inc COM 861747103 627 43975 SH SOLE 43975
<PAGE> 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
SunTrust Banks, Inc COM 867914103 317 4146 SH SOLE 4146
Symons Intl Group Inc COM 87154P105 617 85150 SH SOLE 85150
Sysco COM 871829107 7723 281456 SH SOLE 281456
TCF Financial Corp COM 872275102 357 14752 SH SOLE 14752
Teche Holding Co COM 878330109 589 38300 SH SOLE 38300
Three Rivers Financial Corp COM 88562H107 647 47905 SH SOLE 47905
Tri-Continental Corp COM 895436103 219 7679 SH SOLE 7679
Triad Guaranty Inc COM 895925105 15811 716624 SH SOLE 716624
Tribune Co COM 896047107 9147 138585 SH SOLE 138585
Tricon Global Restaurants COM 895953107 437 8716 SH SOLE 8716
UMB Financial Corp COM 902788108 6480 141245 SH SOLE 141245
UST Corp COM 902900109 444 18854 SH SOLE 18854
Unifirst Corporation COM 904708104 7585 332492 SH SOLE 332492
US Airways Group Inc COM 911905107 5459 104973 SH SOLE 104973
US Bancorp Del COM 911596104 1225 34500 SH SOLE 34500
US West Inc COM 91273H101 205 3179 SH SOLE 3179
Vaughn Bassett Furniture COM 92238J109 225 5000 SH SOLE 5000
VF Corporation COM 918204108 4175 89070 SH SOLE 89070
Wachovia Corporation COM 929771103 2646 30260 SH SOLE 30260
Wallace Computer COM 932270101 3772 143031 SH SOLE 143031
Walter Industries Inc COM 93317Q105 5409 353240 SH SOLE 353240
Warner Lambert Co COM 934488107 506 6726 SH SOLE 6726
Wellington Hall Ltd COM 949535207 2 15500 SH SOLE 15500
Worthington Inc COM 981811102 353 28275 SH SOLE 28275
REPORT SUMMARY 174 DATA RECORDS 320722 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
|
|