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From the American Horology Archive:
Elgin National Watch Co.

Grade: 326

Manufacturer: Elgin ?
Manufacturer Location: Elgin, Illinois ?
Movement Serial Number: 19636460 ?
Grade: 326 ?
Model: 5 ?
Class: 106 ?
Estimated Production Year: 1917 ?
Run Quantity: 1,000 ?
Grade/Model Run: 22 of 49 ?
Grade/Model Total Production: 53,500 ?
Size: 18s ?
Jewels: 15j ?
Movement Configuration: Openface ?
Movement Finish: Gilt ?
Movement Setting: Pendant ?
Plate: Full Plate ?
Barrel: Going ?
Train: Quick ?
Regulator: Plain ?
Adjusted: No ?
Railroad Grade: No ?
Case: Various ?
Run ID: 9906.326G46.18S3396.185M1469.O3959.P7161.15J2866 ?
Data Research: 1927/1950 Elgin Serial List ?
Database Version: v52.978 ?
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Registry Population: Scoped for This Run Only: 5 (0.50%) ?
$ Estimated Value (12 Month Change): -6.90% Analyzing 145 Sales ?
Research Note: #19636907: Verified with custom adaptations. The hour hand is positioned at the 12:00 position. The single-sunk Roman Numeral dial is marked "No. 19636907 31 Oct '08" above the center hole and "Elgin Nat'l Watch Co." below the center hole. In place of the standard hour indicators are 5-minute increments in a serpintine style reminiscent of the uncommon Arabic dials fitted on a few of the early Waltham movements [NAWCC - https://mb.nawcc.org/threads/an-elgin-watch-with-a-story.185577/].