UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C.  20549

                                   FORM 10-Q

                QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

For quarter ended     July 31, 1998         Commission File Number   0-1370
                  --------------------------                       ------------

                             Longview Fibre Company
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

            Washington                             91-0298760
----------------------------------         ------------------------------------
  (State or other jurisdiction of                (I. R. S. Employer
  incorporation or organization)                 Identification No.)

     P. O. Box 639, Longview, Washington                 98632
-------------------------------------------------------------------------------
   (Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code       (360) 425-1550
                                              ---------------------------------

                                  Not Applicable
-------------------------------------------------------------------------------
Former name, former address and former fiscal year,if changed since last report

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.         Yes  X    No
                                                          -----    -----
        51,676,567 Common Shares were outstanding as of July 31, 1998

                                  Page 1<PAGE>
                           PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements

CONSOLIDATED BALANCE SHEET
--------------------------                             (000 Omitted)
                                               Jul. 31     Oct. 31     Jul. 31
                                                  1998        1997        1997
                                            (Unaudited)             (Unaudited)
                  A S S E T S               ----------- ----------- -----------
CURRENT ASSETS:
  Accounts and notes receivable                $89,189    $105,850     $83,796
    Allowance for doubtful accounts              1,100       1,100       1,100
  Inventories, at lower of cost or market; costs
   are based on last-in, first-out method except
   for supplies at current averages
    Finished goods                              25,616      24,832      18,634
    Goods in process                            17,958      13,868      14,083
    Raw materials and supplies                  48,644      45,802      54,232
  Other                                          9,688       8,432      10,504
                                            ----------- ----------- -----------
         Total current assets                  189,995     197,684     180,149
                                            ----------- ----------- -----------
CAPITAL ASSETS:
  Buildings, machinery and equipment at cost 1,621,978   1,572,089   1,543,270
    Accumulated depreciation                   834,273     774,852     763,733
                                            ----------- ----------- -----------
    Costs to be depreciated in future years    787,705     797,237     779,537
  Plant sites at cost                            3,041       3,041       3,041
                                            ----------- ----------- -----------
                                               790,746     800,278     782,578

  Timber at cost less depletion                195,479     187,141     177,980
  Roads at cost less amortization                9,034       8,866       8,525
  Timberland at cost                            18,469      17,076      16,232
                                            ----------- ----------- -----------
                                               222,982     213,083     202,737
                                            ----------- ----------- -----------
         Total capital assets                1,013,728   1,013,361     985,315
                                            ----------- ----------- -----------
OTHER ASSETS                                    59,351      49,858      46,882
                                            ----------- ----------- -----------
                                            $1,263,074  $1,260,903  $1,212,346
                                            =========== =========== ===========

      L I A B I L I T I E S   A N D   S H A R E H O L D E R S '   E Q U I T Y

CURRENT LIABILITIES:
  Payable to bank resulting from
   checks in transit                            $4,860      $9,834      $6,719
  Accounts payable                              40,896      53,647      40,544
  Short-term borrowings                         60,500      56,000      59,600
  Payrolls payable                              11,507      13,206      10,502
  Other taxes payable                           11,915      10,498      12,596
  Current installments of long-term debt        14,118      14,118      14,119
                                            ----------- ----------- -----------
         Total current liabilities             143,796     157,303     144,080
                                            ----------- ----------- -----------
LONG-TERM DEBT                                 547,018     498,137     461,537
                                            ----------- ----------- -----------
DEFERRED TAXES - NET                           138,554     141,623     138,432
                                            ----------- ----------- -----------
OTHER LIABILITIES                               15,644      14,334      14,237
                                            ----------- ----------- -----------
SHAREHOLDERS' EQUITY
  Common stock, ascribed value $1.50 per share;
   authorized 150,000,000 shares; issued
   51,676,567; 51,676,567 and 51,685,757
   shares respectively                          77,515      77,515      77,529
  Additional paid-in capital                     3,306       3,306       3,306
  Retained earnings                            337,241     368,685     373,225
                                            ----------- ----------- -----------
         Total shareholders' equity            418,062     449,506     454,060
                                            ----------- ----------- -----------
                                            $1,263,074  $1,260,903  $1,212,346
                                            =========== =========== ===========

The accompanying note is an integral part of these financial statements.

                                  Page 2<PAGE>
CONSOLIDATED STATEMENT OF INCOME (Unaudited)
--------------------------------------------

                                                (000 Omitted)
                                   Three Months Ended     Nine Months Ended
                                         July 31               July 31
                                  --------------------- -----------------------
                                      1998        1997        1998        1997
                                  --------- ----------- ----------- -----------
Net sales:
  Timber                           $42,931     $51,830    $121,976    $149,304
  Paper and paperboard              53,111      51,496     145,544     135,279
  Converted products                98,161      94,059     288,838     280,873
                                  --------- ----------- ----------- -----------
                                   194,203     197,385     556,358     565,456
                                  --------- ----------- ----------- -----------

Cost of products sold, including
 outward freight                   163,890     166,546     493,638     482,425
                                  --------- ----------- ----------- -----------
Gross profit                        30,313      30,839      62,720      83,031
                                  --------- ----------- ----------- -----------

Selling, administrative
 and general expenses               15,863      16,566      48,176      47,542
                                  --------- ----------- ----------- -----------

Operating profit:
  Timber                            19,954      27,869      57,263      85,302
  Paper and paperboard                 165      (1,679)    (11,677)     (6,697)
  Converted products                (5,669)    (11,917)    (31,042)    (43,116)
                                  --------- ----------- ----------- -----------
                                    14,450      14,273      14,544      35,489
                                  --------- ----------- ----------- -----------

Other income (expense):
  Interest income                      156         107         493         381
  Interest expensed                (10,454)     (8,191)    (29,468)    (22,880)
  Miscellaneous                      1,986         282       2,627         753
                                  --------- ----------- ----------- -----------
                                     6,138       6,471     (11,804)     13,743

Provision for taxes on income:
  Current                              123         720      (1,062)      1,621
  Deferred                           2,026       1,609      (3,069)      3,326
                                  --------- ----------- ----------- -----------
                                     2,149       2,329      (4,131)      4,947
                                  --------- ----------- ----------- -----------
Net income                          $3,989      $4,142     ($7,673)     $8,796
                                  ========= =========== =========== ===========
Dollars per share:
  Net income                         $0.08       $0.08      ($0.15)      $0.17
  Dividends                          $0.14       $0.16       $0.46       $0.48

Average shares outstanding in the
 hands of the public (000 omitted)  51,677      51,689      51,677      51,695

The accompanying note is an integral part of these financial statements.

                                  Page 3<PAGE>
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
------------------------------------------------

                                                (000 Omitted)
                                   Three Months Ended     Nine Months Ended
                                         July 31               July 31
                                  --------------------- -----------------------
                                      1998        1997        1998        1997
                                  --------- ----------- ----------- -----------
Cash provided by (used for) operations:
Net income                          $3,989      $4,142     ($7,673)     $8,796
Charges to income not
 requiring cash -
  Depreciation                      22,306      20,429      65,221      59,945
  Depletion and amortization         1,664       1,329       4,401       3,573
  Deferred taxes - net               2,026       1,610      (3,069)      3,326
  (Gain) loss on disposition of
    capital assets                  (1,640)      1,455        (965)      2,697

Change in:
  Accounts and notes receivable     (3,387)        322      16,661      15,351
  Inventories                          639      (1,042)     (7,716)      6,769
  Other                             (1,371)        425      (1,256)      1,419
  Other noncurrent assets           (2,323)     (1,241)     (9,493)     (4,427)
  Accounts, payrolls and other
    taxes payable                      (32)       (878)     (4,092)        754
  Other noncurrent liabilities         437         503       1,310       1,444
                                  --------- ----------- ----------- -----------
Cash provided by operations         22,308      27,054      53,329      99,647
                                  --------- ----------- ----------- -----------

Cash provided by (used for) investing:
Additions to:  Plant and equipment (11,699)    (29,745)    (58,807)    (97,297)
            Timber and timberlands    (789)       (777)    (14,580)     (3,624)
Proceeds from sale
  of capital assets                  2,167         345       4,363         528
                                  --------- ----------- ----------- -----------
Cash used for investing            (10,321)    (30,177)    (69,024)   (100,393)
                                  --------- ----------- ----------- -----------

Cash provided by (used for) financing:
Long-term debt                        (119)     10,282      48,881      15,282
Short-term borrowings                1,500       2,600       4,500      21,600
Payable to bank resulting from
  checks in transit                 (6,212)     (2,049)     (4,974)     (6,312)
Accounts payable for construction       78         714      (8,941)     (4,676)
Cash dividends                      (7,234)     (8,270)    (23,771)    (24,814)
Purchase of common stock                --        (154)         --        (334)
                                  --------- ----------- ----------- -----------
Cash provided by (used for)
 financing                         (11,987)      3,123      15,695         746
                                  --------- ----------- ----------- -----------

Change in cash position                 --        --          --            --
Cash position, beginning of period      --        --          --            --
                                  --------- ----------- ----------- -----------
Cash position, end of period        $   --    $   --      $   --      $     --
                                  ========= =========== =========== ===========


Supplemental disclosures of
  cash flow information:

Cash paid during the year for:
Interest (net of amount
  capitalized)                      $8,991      $8,567     $27,792     $23,682
Income taxes                             1          87      (1,948)        (72)

The accompanying note is an integral part of these financial statements.

                                  Page 4<PAGE>
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited)
----------------------------------------------------------


                                                (000 Omitted)
                                   Three Months Ended     Nine Months Ended
                                         July 31               July 31
                                  --------------------- -----------------------
                                      1998        1997        1998        1997
                                  --------- ----------- ----------- -----------
Common stock:
  Balance at beginning of period   $77,515     $77,542     $77,515     $77,558
  Ascribed value of stock
    purchased                           --         (13)         --         (29)
                                  --------- ----------- ----------- -----------
  Balance at end of period         $77,515     $77,529     $77,515     $77,529
                                  ========= =========== =========== ===========

Additional paid-in capital:
  Balance at beginning of period    $3,306      $3,306      $3,306      $3,306
                                  --------- ----------- ----------- -----------
  Balance at end of period          $3,306      $3,306      $3,306      $3,306
                                  ========= =========== =========== ===========

Retained earnings:
  Balance at beginning of period  $340,486    $377,494    $368,685    $389,548
  Net income                         3,989       4,142      (7,673)      8,796
  Cash dividends on common stock    (7,234)     (8,270)    (23,771)    (24,814)
  Purchases of common stock             --        (141)         --        (305)
                                  --------- ----------- ----------- -----------
  Balance at end of period        $337,241    $373,225    $337,241    $373,225
                                  ========= =========== =========== ===========

Dividends paid per share             $0.14       $0.16       $0.46       $0.48
                                  ========= =========== =========== ===========

Common shares:
  Balance at beginning of period    51,677      51,695      51,677      51,706
  Purchases                             --          (9)         --         (20)
                                  --------- ----------- ----------- -----------
  Balance at end of period          51,677      51,686      51,677      51,686
                                  ========= =========== =========== ===========

The accompanying note is an integral part of these financial statements.

                                  Page 5<PAGE>
NOTE 1:  The consolidated interim financial statements have been prepared by
the company, without audit and subject to year-end adjustment, in accordance
with generally accepted accounting principles, except that certain
information and footnote disclosure made in the latest annual report have
been condensed or omitted for the interim statements.  Accordingly, these
statements should be read in conjunction with the company's latest annual
report.  Certain costs of a normal recurring nature are estimated for the
full year and allocated in interim periods based on estimates of operating
time expired, benefit received, or activity associated with the interim
period.  The consolidated financial statements reflect all adjustments which
are, in the opinion of management, necessary for fair presentation.



                                  Page 6<PAGE>
Item 2.  Management's Discussion and Analysis of Financial Condition and
Results of Operations.


                        Consolidated Statement of Income
                        --------------------------------
                Three and Nine Months Ended July 31, 1998 compared with
                -------------------------------------------------------
                      Three and Nine Months Ended July 31, 1997
                      -----------------------------------------

Net income decreased 3.7% for the third quarter 1998 compared with the third
quarter 1997 due to a decrease in timber operating profits offset in part by
improved operating results in the manufacturing segments of the business. 
For the year-to-date periods, a net loss of $7.7 million was incurred in 1998
versus net income of $8.8 million in 1997.  The year-to-date loss resulted
from a decrease in timber operating profits and operating losses in the
manufacturing segments.

Timber
------
Third quarter 1998 and year-to-date 1998 operating profit deteriorated by 28%
and 33%, respectively, as compared with like periods in 1997 due primarily to
lower log and lumber prices.  Third quarter 1998 average log and lumber
prices decreased 15% and 23%, respectively, and year-to-date 1998 average log
and lumber prices decreased 18% and 29%, respectively.  As compared with
year-ago periods, log volume sold in the third quarter 1998 declined 2% but
held steady for year-to-date 1998.

Export log prices deteriorated during the latter half of 1997 due to an
increase in the supply of export quality logs, reduced end user demand in
Japan and the strengthening of the U.S. dollar.  Export demand improved
substantially early in the year and export log prices stabilized.  Export log
prices remain below recent peak levels experienced in the first quarter 1997
but held steady with second quarter 1998 levels.

Demand in the domestic log market is good but excess supply caused average
price to deteriorate in the third quarter.  Modest price increases have
recently been implemented.

Paper and Paperboard
--------------------
The third quarter 1998 operating profit for paper and paperboard was $0.2
million compared with the third quarter 1997 operating loss of $1.7 million. 
The primary reason for the improvement was an increase in average selling
price caused by proportionately more paper (as opposed to paperboard) tonnage
sold and a 13% increase in average paperboard prices.  The volume of paper
sold increased 19% while the volume of paperboard sold decreased 26% in the
third quarter 1998 as compared with the third quarter 1997.  A nine-day
shutdown was taken to improve the balance of incoming orders and machine
production.  The mill operated at approximately 78% of capacity.  Operating
losses for year-to-date 1998 were $11.7 million as compared with $6.7 million
for the year-ago period.  The increased loss was caused primarily by higher
wood chip costs and lower average paper prices.

Export linerboard and paper markets, particularly in Asia, continue to be
slow.  Domestic markets have been fair but have been impacted by the soft
Asian markets.  Due to current market conditions, mill operations in the

                                  Page 7<PAGE>
fourth quarter have been rescheduled by shutting down the equivalent of two
machines and leveling production at approximately 75% of total capacity.  The
new operating schedule should improve operating efficiencies, reduce costs
and allow us to maintain high levels of customer service.

Converted Products
------------------
Third quarter 1998 sales improved 4% compared with third quarter 1997 due to
a 10% increase in average price and a 5% reduction in tonnage sold.  The
third quarter 1998 operating loss decreased to $5.7 million from $11.9
million in the third quarter 1997.  The primary reason for the improvement
was the increase in average price.  For year-to-date 1998 the operating loss
was $31 million compared with $43 million for year-to-date 1997; the decrease
in the operating loss was primarily caused by a 5% increase in average price.

Demand was at satisfactory levels during the third quarter and prices held
steady.  The company continues to develop its specialty and niche products to
improve margins.

Other
-----
Interest expensed increased 28% for the third quarter 1998 and 29% for
year-to-date 1998 as compared with like periods in 1997 due primarily to a
higher level of borrowing and proportionately less interest capitalized for
uncompleted capital projects.

Income Taxes
------------
Taxes are approximately 35% and 36% of pretax income for fiscal 1998 and
1997, respectively.

                                       Three Months            Nine Months
                                      Ended July 31           Ended July 31
                                                   %                       %
Other Data                          1998    1997 Change    1998     1997 Change
----------                        ---------------------  ----------------------
Sales
 Logs, thousands of board feet     64,000   65,000 - 2    171,000  171,000   -
 Lumber, thousands of board feet   16,000   16,000   -     53,000   46,000 +15
 Paper, tons                       62,000   52,000 +19    165,000  139,000 +19
 Paperboard, tons                  35,000   47,000 -26    109,000  122,000 -11
 Converted products, tons         128,000  135,000 - 5    383,000  390,000 - 2
 Logs, $/thousand board feet      $   587  $   691 -15    $   608  $   745 -18
 Lumber, $/thousand board feet        328      424 -23        336      474 -29
 Paper, $/ton FOB mill equivalent     613      654 - 6        604      646 - 7
 Paperboard, $/ton FOB mill equiv.    368      325 +13        360      327 +10
 Converted products, $/ton            766      698 +10        754      721 + 5



                         Liquidity and Capital Resources
                         -------------------------------
At July 31, 1998, the company had bank lines of credit totaling $380 million.
Of this amount $260 million was under a credit agreement with a group of
banks expiring February 28, 2001.  The agreement provides for borrowings at
the Offshore Rate (LIBOR based) plus a spread, currently 0.60%, or the bank's
Reference Rate.  The credit agreement contains certain financial covenants
and provides for a facility fee, currently 0.275% per year.  At the end of

                                  Page 8<PAGE>
the third fiscal quarter 1998, the company had outstanding $220 million of
notes payable under this agreement.  At July 31, 1998, the company had an
outstanding balance of $91.5 million under the remaining $120 million of bank
lines of credit.  $68.5 million of bank lines of credit are available for
future borrowing needs.  Also outstanding at July 31, 1998, were senior notes
of $281 million and revenue bonds of $28.9 million.

During the quarter ended July 31, 1998, the company obtained waivers from the
holders of certain senior notes with respect to compliance with covenants
that require the company to maintain a specified ratio of net income to fixed
charges.  The waiver reducing the coverage requirement is effective beginning
on July 31, 1998 until the date that the company makes publicly available its
financial statements for the quarter ending January 31, 1999.  In connection
with the grant of the waivers, the company agreed to increase the interest
rate of the notes by 0.25% during the waiver period and to pay certain
additional fees.  In September 1998 the company prepaid, through the use of
existing bank credit lines, $30 million of senior notes.

For the year, capital expenditures for plant and equipment and timberland
purchases exceeded available funds generated by operations and were funded by
increased borrowings.  Due to the completion of major capital projects and
reduced cash flow, capital expenditures are being reduced and should not
exceed available funds generated by operations.  While much remains to be
done to optimize our manufacturing capabilities, the most urgent projects
have been completed.  Capital expenditures for plant and equipment are
expected to be approximately $75 million for fiscal 1998 of which $59 million
was incurred during the nine months ended July 31, 1998.  The current backlog
of approved projects is $26 million.  During the quarter, the company did not
purchase any of its common stock.  Cash dividends of $0.14 per share, a
reduction from $0.16 per share, were declared and paid in the third quarter
in the aggregate of $7,234,000.

                                 Year 2000 Issues
                                 ----------------
The company is committed to reducing or eliminating the effects of the Year
2000 (Y2K) issues on its systems and production processes.  Y2K compliance
is not an issue for our products.  In 1996 a company-wide program was started
to identify all aspects of our operations subject to Y2K issues and to
provide for a smooth transition into the next millennium.  The plan is
designed to assess current compliance and to implement corrective measures
for non-compliant systems and equipment.  We plan to achieve complete
compliance by September 1, 1999.  The identification phase, inventory, and
action plan are complete.  Of the systems and equipment identified and
inventoried, an estimated 78% of the inventory has been found to be compliant
or has been corrected.  We are also in the process of surveying our vendors,
principal customers and business partners regarding their Y2K compliance. 
The estimated remediation cost is approximately $2 million of which $0.5
million has been incurred to date.  Some aspects of the Y2K situation are
beyond our reasonable control; for example, compliance by our vendors,
customers, business partners and the possible effects of Y2K issues on
national and worldwide communications and banking services.  As part of this
process, we are assessing possible Y2K risks and developing contingency plans.

                           Forward Looking Statements
                           --------------------------
This Form 10-Q contains forward-looking statements concerning anticipated
pricing and market conditions for the company's products, the expected
results of planned paper mill improvement projects and operating schedules,

                                  Page 9<PAGE>
the anticipated cost of and availability of financing for planned capital
improvement projects, and the estimated cost, completion date and success of
the company's Y2K compliance program.  Forward-looking statements are based
on the company's estimates and projections on the date when they are made,
and are subject to a variety of risks and uncertainties.  Actual events could
differ materially from those anticipated by the company due to a variety of
factors, including, among others, developments in the world, national or
regional economy or involving the company's customers or competitors
affecting supply of or demand for the company's products or raw materials,
changes in product or raw material prices, changes in currency exchange rates
between the U.S. dollar and the currencies of important export markets,
capital project delays or cost overruns, weather, labor disputes, unforeseen
adverse developments involving environmental matters or other legal
proceedings or the assertion of additional claims, significant unforeseen
developments in the company's business, adverse changes in the capital
markets or interest rates affecting the cost or availability of financing or
other unforeseen events. 

                                  Page 11<PAGE>
                           PART II - OTHER INFORMATION




Item 1.  LEGAL PROCEEDINGS.

         Nothing to report.



Item 2.  CHANGES IN SECURITIES.

         Nothing to report.



Item 3.  DEFAULTS UPON SENIOR SECURITIES.

         Nothing to report.



Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

         Nothing to report.



Item 5.  OTHER INFORMATION.

         Timely Submission of Shareholder Proposals:

         The Securities and Exchange Commission (the "SEC") requires a
         registrant to give shareholders notice of deadlines for timely
         submission of certain types of shareholder proposals that
         shareholders wish to present for a vote at a registrant's annual
         meeting.  These deadlines are set based on certain SEC rules as they
         relate to the registrant's annual meeting date and relevant
         provisions of its articles and by-laws.  Set forth below are the
         deadlines applicable to the company's shareholders.  The Board of
         Directors has not yet acted to set the annual meeting date; the
         following dates are based on an assumed meeting date of January 26,
         1999 for the company's annual meeting.

         As stated in last year's proxy statement, the deadline for
         submission by shareholders of proposals they wished included in the
         company's proxy statement was August 17, 1998.  No shareholder
         proposals were received by the company.

         The Bylaws of the company require that advance notice of proposed 
         business at an annual meeting must be submitted in writing and 
         received by the Secretary of the company not later than 90 days in
         advance of the annual meeting. If a shareholder does not notify the
         company by October 29, 1998 of an intent to be present at the


                                  Page 11<PAGE>   
         annual meeting in order to present a proposal for a vote (other than
         a proposal for the nomination of a director), the company will have
         the right to exercise its discretionary authority to vote against
         the proposal, if presented, without including any information about
         the proposal in its proxy materials.



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

         (a)  Exhibits required to be filed by Item 601 of Regulation S-K:

              27  Financial Data Schedule

         (b)  Reports of Form 8-K - Nothing to report.

                                  Page 12<PAGE>
                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                 LONGVIEW FIBRE COMPANY
                                 ----------------------------------------------
                                 (Registrant)


Date     9-11-98                  \s\ L. J. Holbrook
    -----------------------      ----------------------------------------------
                                 L. J. Holbrook, Senior Vice President-Finance,
                                     Secretary and Treasurer


Date     9-11-98                  \s\ A. G. Higgens
    -----------------------      ----------------------------------------------
                                 A. G. Higgens, Assistant Treasurer

                                  Page 13