This vintage molded wood-pulp wall mount necktie or belt rack was made by OrnaWood. I found an identical labeled rack online, but the label is missing on this one. At the top is a carved effect old fashioned clipper ship. At the bottom are eight hinged swinging metal holders, looped with a top foot to securely hold your ties and belts. The 6-5/8 inch high by 8" wide holder is in perfect condition, undoubtedly never used because one of the hanging holes is still filled in (it knocks out when you hammer in your screw or nail). There are no scratches, scuffs, or finish loss.
I'm convinced Orna Wood was a trade name for, or a division of Syroco (Syracuse Ornamental Company of New York). Many of their products are virtually identical, and both the Orna Wood and Syroco foil labels are very similar, even using the same fancy script font. Both companies were located in New York state.