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Rear spacing has been opened to accept present wheel. Original would have been 120mm.
Note large open space between small cog and dropout.
Ray's Cycle & Mower operated in downtown Vacaville, California from 1969 to 1984 when the "Mower" portion of the business was relocated and it became just Ray's Cycle.
Prior to 1969 it was called Frank's Cycle & Mower.
Shop still in operation today at same location.