Elgin Grade 240

This is an grade 240, B. W. Raymond model.

It is an 18 size movement, 19 jewels, made about 1911. 

The lower balance jewel on this watch had been replaced with the jewel on the left. The jewel is, I think, a friction-fit train jewel and a rather large one at that. Besides having the wrong shape it is too small and moved around in the plate. Also the hole is way too large for the balance pivot. It's odd that this part was floating around in there when there was nothing wrong with the balance staff.

The popper replacement is on the right.

The movement is lever setting, and includes a double-sunk railroad style dial.

Elgin used the B.W. Raymond name for better watches throughout its 100 year history, see more examples here!