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From the American Horology Archive:
Illinois Watch Co.

Grade: 101

Discontinued c.1895

Private Label(s) in Run:
What is a Private Label?
Manufacturer: Illinois ?
Manufacturer Location: Springfield, Illinois ?
Movement Serial Number: 277827 ?
Grade: 101 ?
Model: 2 ?
Class: 5 ?
Estimated Production Year: 1886 ?
Run Quantity: 300 ?
Grade/Model Run: 53 of 102 ?
Grade/Model Total Production: 38,500 ?
Size: 18s ?
Jewels: 11j ?
Jewel Setting: Burnished Jewels ?
Movement Configuration: Hunting ?
Movement Finish: Nickel ?
Movement Setting: Lever ?
Plate: Full Plate ?
Barrel: Going ?
Balance Type: Expansion ?
Train: Quick ?
Regulator: Plain ?
Hairspring: Flat ?
Standard Dial Type: Single-Sunk ?
Adjusted: No ?
Railroad Grade: No ?
Dial Feet Locations: 16.5, 36.5, 53.0 ?
Case Screw Locations: 23.5, 51.5 ?
Case: Various ?
Run ID: 718.101G123.18S693.182M241.H261.L447.11J406 ?
Database Version: v52.978 ?
Advanced Metrics
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Registry Population: Scoped for This Run Only: 3 (1.00%) ?
$ Estimated Value (12 Month Change): +14.53% Analyzing 658 Sales ?
Research Note: Factory Records Indicate Private Labels in Run.