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From the American Horology Archive:
Elgin National Watch Co.

Grade: 539

Private Label(s) in Run:
  • J. Williams CARMARTHEN
  • W.A. Haynes, Atlanta GA

What is a Private Label?
Manufacturer: Elgin ?
Manufacturer Location: Elgin, Illinois ?
Movement Serial Number: T424697 ?
Grade: 539 ?
Model: 2 ?
Estimated Production Year: 1944 ?
Run Quantity: 35,000 ?
Grade/Model Run: 3 of 33 ?
Grade/Model Total Production: 460,000 ?
Size: 8/0s ?
Jewels: 16j ?
Movement Finish: Flat ?
Plate: 3/4 Plate ?
Barrel: Going ?
Train: Quick ?
Regulator: Plain ?
Adjusted: Yes ?
Adjusted to Position: Yes ?
Adjusted # of Positions: 4 ?
Adjusted to Temperature: Yes ?
Adjusted to Isochronism: Yes ?
Railroad Grade: No ?
Case: Various ?
Run ID: 15534.539G19.S237.M40.U681.U104.16J98 ?
Data Research: 1927/1950 Elgin Serial List ?
Database Version: v52.978 ?
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$ Estimated Value (12 Month Change): -7.14% Analyzing 92 Sales ?