Phil and Red, according to Ancestry.com, Wallace W Wolfram was born around 1909, and in the 1930 census, he was living in Deerfield, Massachusetts and was 21 years old and listed Truck Driver as his profession. Later records show him in Albuquerque in 1949, and then in the 1950s, in California. Does this sound like the right guy?
Here is a shot of a page from the 1959 Monrovia, California, City Directory. Sounds like your guy:
Has a listing for both the Leather Company and his home address.
Edit: Also found a record of a Wallace Wolfram, born 15 December 1908, died 18 June 1988, was in the Army from 7 January 1943 to 16 November 1945.
Best Regards, Les