Syroco made molded wood products starting in the 1890's in Syracuse, NY. The idea was for the pieces to look like wood carving.
This rack has a cowboy on a bucking horse with his friends looking on. It is very decorative so if you didn't want to use it to actually hand anything, it would look great in a child's room.
It measures 11 wide x 4 7/8" high and 1 5/8" deep.
Very good vintage condition. There is some wear to the backing but this is not visible when it is hanging.