I was reading American Signature Furniture's ad when I came across this neat looking 1.
Does anyone know the name of this font?
The closest I came was Shortwave Gothic Bold.
Based off of that "r" and "1", I am fairly certain that is Knockout
It looks very like Silvertone Woodtype by David Thometz. The tail of the lower-case t as well as the cut-out of 1 are indicative. This image is from MyFonts:
A drawback of this identification is that Thomertz only designed this extra-condensed version.
MyFonts identify it as derived from a gothic face by Robert Hunter Middleton's Ludlow type foundry, possibly Square Gothic or Record Gothic.