LOL, "I wouldn't be touching it."
Yet back to Larry's taped basket, handle bars, springer fork and Stem/Goose neck. That's the full set up on what would otherwise be customized parts added to hold cloth bags for a paper route.
In this scene though, Paper route wasn't the topic hence, a quick tape job ( Movie magic) on a prop (Bicycle) for the basket. Not a paper route bike today, [that scene[. .
Like Peewe's bike, it's a prop (property) and could appear in any episode for multiple uses.
The Los Angles times, The only profitable paper route a kid could have. (there were long wait periods and tough requirements to get one carrying LA times. ) in Los Angles region, which also happens to be where it's filmed, news paper delivery bags were two bags hung from each side of handle bar. The Sting-Ray's bars were also well suited to carry the two bags.
The tall goose neck and riser handle bar helped to keep the bags from hitting the fender and tire.
Larry's riding a heavy duty Wasp, (best news boy bike) set up with the latest social or tech features just about every delivery boy in Los Angles would, save multiple gearing, could want. The bike that Tim the tool man, had he bought one for his boy. Or a boy who'd saved up for it, A Wasp set up like that would be the best for the business. Moreover, Certainly what a Schwinn franchise would pitch in a sale for a news paper delivery bike. . All of the goodies.