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From the American Horology Archive:
Elgin National Watch Co.

Grade: 69

B.W. Raymond

Manufacturer: Elgin ?
Manufacturer Location: Elgin, Illinois ?
Movement Serial Number: 261672 ?
Grade: 69 ?
Variation: B.W. Raymond ?
Model: 1 ?
Class: 1 ?
Estimated Production Year: 1873 ?
Run Quantity: 4,000 ?
Grade/Model Run: 6 of 24 ?
Grade/Model Total Production: 29,054 ?
Variant Est. Production: 26,054 (18S-M1-15J-HGK-U-B.W. RAYMOND) ?
Size: 18s ?
Jewels: 15j ?
Movement Configuration: Hunting ?
Movement Finish: Gilt ?
Movement Setting: Key ?
Wind Mechanism: Key ?
Plate: Full Plate ?
Barrel: Going ?
Train: Quick ?
Regulator: Moseley ?
Adjusted: Yes ?
Adjusted to Position: Yes ?
Adjusted # of Positions: 2 ?
Adjusted to Temperature: No ?
Railroad Grade: Yes ?
Case: Various ?
Run ID: 259.69G20.18S240.181M224.H258.K242.15J68 ?
Data Research: 1896 Elgin Serial List
1904 Elgin Serial List
1915 Elgin Serial List
1927/1950 Elgin Serial List
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Database Version: v52.978 ?
Advanced Metrics
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Registry Population: Scoped for This Run Only: 71 (1.78%) ?
$ Estimated Value (12 Month Change): -0.47% Analyzing 552 Sales ?
Research Note: #262191: Verified with Double-Sunk "Pennsylvania Railroad Co." Dial