I have inherited a few 3-Arm Chrome Racks. I thought I had a treasured tool that has long gone by the wayside, but in finding the correct term to use here for my post I saw they are selling them at Kmart.Com for under $4.
A few years ago I started to crochet my own dishcloths I noticed that they take longer to dry and I needed a rack next to the sink for them. And so now, I have one in the kitchen for drying used dish cloths and one upstairs for the bath room wash cloths. When they dry really well before they are put in the laundry bin they do not smell. I've never learned how to get the funky smell out of the original dishcloths I made so they ended up in the garbage. If you find out how to get that musty smell out let me and Mub know, she posted about it here :)