Spalding also distributed other pennant makers' products throughout the 1910s. Here's a 1916 excerpt from one of their catalogues showing that year's offerings....
Note that the model "S" retailed for $1.50. Adjusted for inflation, that's over $40 in 2024 money. So, not cheap!
I've seen other pennants with more traditional Spalding labeling, like yours Greg, and they featured that same woven spine look. I do agree: yours likely pre-dates 1910.
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