This movement was originally manufactured in 1925 by the Elgin National Watch Company just outside of Chicago. The 'B.W. Raymond' model takes its name from the third mayor of Chicago, and for many years the grade represented Elgin's high-end, performance focused watches with accessible pricing.
This excellent condition piece features straight Geneva stripes on 3/4 style nickel plated bridges, a circular graining pattern on the main plate, 21 precision cut ruby and sapphire jewels with gold jewel settings, a gold center wheel, a Ball style whip regulator, adjustment to 5 positions, and adjustment for temperature.
This watch features a beautiful, pristine condition, Montgomery style white enamel dial. The Montgomery style (sometimes referred to as a safety dial) is a specific variation of marginal minute dials (dials having every minute numbered in the outer margin of the dial). The Montgomery variation was originally patented by railroad watch inspector Henry S. Montgomery and requires that all numerals be upright (as opposed to radial), it must have slightly enlarged red 5-minute numerals, and it must have a slightly smaller 6 hour numeral on the sub-seconds dial (an uncommon dial feature).
The heavy, whipped-spade style hands point to clean, bold, black, 'boxcar' style sans-serif Arabic numerals. This movement is one of 185,400 grade 478 watches ever made.