This lot is a mechanical pencil advertising Asten Dryer Felts and Fabrics. The mechanical pencil has a 1970 calendar on it and was produced by Alexander.
The Asten lineage reaches back to Oscar von Asten, who in 1882 cofounded a Belgian-Austrian felt company in Vienna. Three years later he launched Asten & Company in Eupen, Belgium, to manufacture woolen blankets and felts for paper machines.