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From the American Horology Archive:
Elgin National Watch Co.

Grade: 571

B.W. Raymond

Private Label(s) in Run:
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Manufacturer: Elgin ?
Manufacturer Location: Elgin, Illinois ?
Movement Serial Number: F168069 ?
Grade: 571 ?
Variation: B.W. Raymond 8ADJ ?
Model: 20 ?
Estimated Production Year: 1951 ?
Run Quantity: 12,000 ?
Grade/Model Run: 14 of 26 ?
Grade/Model Total Production: 565,300 ?
Variant Est. Production: 92,300 (16S-M20-21J-ONL-U-B.W. RAYMOND 8ADJ) ?
Size: 16s ?
Jewels: 21j ?
Jewel Setting: Friction ?
Movement Configuration: Openface ?
Movement Finish: Nickel ?
Movement Inlay Color: Black ?
Movement Setting: Lever ?
Plate: 3/4 Plate ?
Barrel: Going ?
Train: Quick ?
Regulator: Ball ?
Adjusted: Yes ?
Adjusted to Position: Yes ?
Adjusted # of Positions: 5 ?
Adjusted to Temperature: Yes ?
Adjusted to Isochronism: Yes ?
Railroad Grade: Yes ?
Movement Markings: Elgin 571 U-S-A B.W. Raymond 8 Adjustments 21 Jewels ?
Case: Various ?
Run ID: 15224.571G1.16S3895.1620M1.O6925.L2500.21J500 ?
Data Research: 1927/1950 Elgin Serial List ?
Database Version: v52.978 ?
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$ Estimated Value (12 Month Change): +12.67% Analyzing 1,154 Sales ?