HON INDUSTRIES INC
SC 13G, 1998-11-06
OFFICE FURNITURE (NO WOOD)
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SECURITIES AND EXCHANGE COMMISSION                                             
         
"Washington, DC 20549"                                                    
                                                      
Schedule 13-G                                                   
                                                      
Under the Securities Exchange Act of 1934                                      
              
(Amendment No. ________)*                                                       
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
Check the following box if a fee is being paid with this statement             
                        
              .  (A
fee id not required only if the filing person: (1) has a previous statement on  
                                                 
file reporting beneficial ownership of more than five percent of the class of  
         
                                       
securities described in Item I; and (2) has filed no amendment subsequent      
                        
                        
thereto reporting beneficial ownership of five percent or less of such class.) 
    
                                            
(See Rule 13d-7.)                                                    
                                                      
* The remainder of this cover page shall be filled out for a reporting person's 
                                                 
"initial filing on this form with respect to the subject class of securities,
and"                                                       
for any subsequent amendment containing information which would alter          
                        
                   
the disclosures provided in a prior cover page.                                
                   
                                                      
The information required in the remainder of this cover page shall not be      
                        
                        
"deemed to be ""filed "" for the purpose of Section 18 of the Securities "     
                        
                        
"Exchange Act of 1934 (""Act"") or otherwise subject to the liabilities of that
"                                                     
section of the Act but shall be subject to all other provisions of the Act     
                        
                        
"(however, see the Notes)."                                                     
                                                      
                                                      
(Continued on following page(s))                                               
    
                                                      
Page 1 of 4 Pages                                                    
                                                      
                                                      
                                                      
  CUSIP No.   438092 10 8                             13G            Page   2  
 of    4   Pages             
                                                      
                                                      
1   NAME OF REPORTING PERSON                                              
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                          
                   
                                                      
         The Stanley Foundation   I.R.S. ID #42-6071036                        
                   
                                                      
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *                         
                        
                                                      
                                            (a)       
                                                      
                                            (b)       
                                                      
3   SEC USE ONLY                                                
                                                      
                                                      
4   CITIZENSHIP OR PLACE OF ORGANIZATION                                       
         
                                                      
         State of Iowa                                          
                                                      
              5    SOLE VOTING POWER                                 
NUMBER OF                                                       
                        "1,424,052"                             
SHARES                                                     
              6    SHARED VOTING POWER                               
BENEFICIALLY                                                         
                        -  0  -                                 
OWNED BY                                                        
              7    SOLE DISPOSITIVE POWER                                       
EACH                                                            
                        "1,424,052"                                  
REPORTING                                                            
              8    SHARED DISPOSITIVE POWER                                     
PERSON WITH                                                          
                        -  0  -                                 
                                                           
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               
                        
              
                                                           
         "1,424,052"                                                 
                                                           
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *     
                        
                        
                                                           
                                                           
                                                           
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                            
                        
                                                           
           4.62 %                                               
                                                           
12  TYPE OF REPORTING PERSON                                                    
                                                           
         CO                                                
                                                           
* SEE INSTRUCTION BEFORE FILLING OUT !                                         
              
                                                           
SCHEDULE 13G                                                         
                                                           
Item 1(a).         Name of issuer:               HON INDUSTRIES Inc.           
                   
                                                      
Item 1(b).         Address of Issuer's Principal Executive Offices:            
                        
    
                                                      
              414 East Third Street                                       
              "Muscatine, Iowa 52761"                                     
                                                      
Item 2(a).         Name of Person Filing:                  The Stanley
Foundation                        
                                                      
Item 2(b).         "Address or Principal Business Office or, if none,"         
                        
         
Residence:         209 Iowa Avenue                                              
         "Muscatine, IA 52761"                                            
                                                      
Item 2(c).         Citizenship:             Not Applicable                     
    
                                                      
Item 2(d).         Title of Class of Securities:                     Common
Stock                   
                                                      
Item 2(e).         CUSIP Number:            438092 10 8                        
         
                                                           
Item 3.       Rule 13d-1(b)  Entitiy:                 Not Applicable           
              
                                                           
Item 4.       "Ownership as of December 31, 1997:"                             
                   
                                                           
    (a)  Amount Beneficially Owned:                                       "    
      1,424,052"        
                                                           
    (b)  Percent of Class                                                    
4.62 %        
                                                           
    (c)  Number of shares as to which such                                     
         
              person has:                                                 
                                                           
         (  i )    sole power to vote or to direct                             
              
                  the vote                                 "          
1,424,052"         
                                                           
         ( ii )    shared power to vote or to direct                           
                        
                  the vote                                                  - 0
- -                  
                                                                     
         (iii )    sole power to dispose or to                                 
                   
                  direct the disposition of.                                   
"   
       1,424,052"                 
                                                                     
         ( iv )    shared power to dispose or to                               
                   
                  direct the disposition of.                                   
    
            - 0 -                 
                                                                     
                                                                     
SCHEDULE 13-G                                                                   
                                                                     
Item 5:       Ownership of Five Percent or Less of a Class                     
                        
         
                                                                     
         Not Applicable                                                         
                                                                     
Item 6:       Ownership of More than Five Percent on Behalf of Another Person  
         
                                            
                                                                     
         Not Applicable                                                         
                                                                     
Item 7:       Identification and Classification of the Subsidiary Which        
                        
                        
Acquired the Security Being Reported on By the Parent Holding Company          
                        
                                  
                                                                     
         Not Applicable                                                         
                                                                     
Item 8:       Identification and Classification of Members of the Group        
                        
                        
                                                                     
Item 9:       Notice of Dissolution of Group.                             Not
Applicable                             
                                                                     
Item 10:      Certification.  Not Applicable                                   
                        
                                                                     
                                                                     
Signature.                                                                      
                                                                     
"After reasonable inquiry and to the best of my knowledge and belief, I
certify"                                                                  
"that the information set forth in this statement is true, complete, and
correct."                                                                       
                                                                     
"Date  October 26, 1998"                                   Dana W. Pittman     
                        
    
                                  Secretary                               
                                                                     
                                                                     
                                                                     
                                                                     
                                                                     
                                                                     
                                                                     
                                                                     
                                                                     
                                                      
                                                      
                                                      
                                                      
                                                      
                     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