REINHOLD INDUSTRIES INC/DE/
3, 1999-05-28
AIRCRAFT PARTS & AUXILIARY EQUIPMENT, NEC
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<TABLE>
<CAPTION>
<S>          <C>                                                                                       <C>
             UNITED STATES SECURITIES AND EXCHANGE COMMISSION
             Washington, D.C. 20549

Form 3       INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES                                   OMB APPROVAL
                                                                                                       OMB Number: 3235-0104
                                                                                                       Expires: September 30, 1998
                                                                                                       Estimated average burden
                                                                                                       hours per response ..... 0.5

             Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a)
             of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment
             Company Act of 1940

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<TABLE>
<CAPTION>
<S>                                      <C>                            <C>                                   <C>
1.  Names and Address of Reporting       2.  Date of Event Requiring    4.  Issuer Name and Ticker or
Person*                                  Statement (Month/Day/Year)     Trading Symbol

McNally,   Ward          S.              05/18/99                       Reinhold Industries, Inc.
(Last)     (First)     (Middle)                                         (formerly Keene Corporation)

                                                                        5.  Relationship of Reporting         6.  If Amendment,
                                                                        Person(s) to Issuer (Check all        Date of Original
c/o Hammond Kennedy Whitney & Co., Inc.                                 applicable)                           (Month/Day/Year)
230 Park Avenue, #1616
(Street)                                 3.  IRS or Social Security     [ ] Director       [ ] 10% Owner      N/A
                                         Number of Reporting Person     [ ] Officer        [X] Other**
New York,      NY       01069            (Voluntary)                    (give title below) (specify below)    7.  Individual or
(City)       (State)    (Zip)                                                                                 Joint/Group Filing
                                                                           10% owner by attribution           [X] Form filed by One
                                         Table I - Non-Derivative          ------------------------               Reporting Person
                                         Securities Beneficially                                              [ ] Form filed by More
                                         Owned                                                                    than One Reporting
                                                                                                                  Person

1.  Title of Security                    2.  Amount of Securities       3.  Ownership Form:  Direct           4.  Nature of Indrect
(Instr. 4)                               Beneficially Owned             (D) or Indirect (I) (Instr. 5)        Beneficial Ownership
                                                                                                              (Instr. 5)

Class A Common Stock                      10,869                        D                                     N/A
<FN>
Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 5(b)(v).

**The Reporting  Person may be deemed a member of a "Group"  pursuant to Section
13(d) of the  Securities  Exchange Act of 1934. The Reporting  Person  disclaims
membership in any such group,  and this report should not be deemed an admission
that any of the persons who may be deemed to belong to such group  possesses any
voting or investment power over the securities of Reinhold Industries, Inc. held
by any other person who may be deemed to belong to such group.
</FN>

</TABLE>

/s/ Ward McNally                             5/27/99
- -------------------------------              ----------------
**Signature of Reporting Person              Date


**Intentional  misstatements or omissions of facts  constitute  Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually  signed.  If
space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information  contained
in this form are not  required to respond  unless the form  displays a currently
valid OMB number.

SEC 1473 (7-96)


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