I just updated my New World link to include a catalog page from 1940. Maybe this will answer some questions.
http://www.thecabe.com/
Scott McCaskey Dalworthington Gardens, TX _www.thecabe.com_ (http://www.thecabe.com)
In a message dated 2/9/2005 4:01:11 PM Central Standard Time, jerryc@proactivesports.com writes:
My copy of a '39 Schwinn catalog has "New World Lightweight Racer" model W3R that is very similar to the e-bay bike. Description includes; Finest American seamless tubing, one piece wood racing rims, popular oval shaped 5 pin type 3 piece crank and Lawson or Progressive drop bars. It also has an option of a one piece 6 1/2" fluted straight crank. Stem appears different than e-bay bike and I can't tell which way the rear dropouts are facing but it appears to be sold as a "racing" bike. Illustrations on the page are of the bike being ridden on the road not the track but in a race enviroment..
Jerry Corcoran
Canby, OR