Allan from down under.
It's a candle holder with a built in snuffer!
I enjoyed searching through hundreds of items the Guffum Co. has made but didn't see anything like that. Seeing the bottom of the upper most piece might give a clue.
I hope you meant Buffum Tool Co. Louisiana, MO., and not Guffum.
If this is a Buffum tool, it should have their trademark swastika on it somewhere. All their tools did.
Sorry, I have never seen this before. Nor did I find anything during my research.