Mark......Thanks for the reply. There are no remnants of a tag, unfortunately. I was thinking if it were from the late teens/early twenties, the stitched on graphics/lettering would have been black, instead of dark blue.....but no complaints here in this case.
Another question in my mind is why are the letters sewn on with chain stitching when most early baseball pennants I've seen have graphics screen printed on? Just wondering. Thanks again..........Matt