Just a guess, but I think it's a pasteup for a Spalding page that wasn't used. The 1909 guide has a few similar composites that use images shared with T206. None have the team name or any photographer info in the picture.
Maybe some other publication used them too?
Trying this link, the 1909 guide is available as a free e-book from google.
http://books.google.com/books?id=E6g...201909&f=false
Steve B