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That is a oil cup with lid for holding watch oil.
This is really just a bunch of nonsense. If any case back were flattened it would not screw on because the threaded ring would be smaller or...
I wish that you would not use that source. It will not enlarge for me and they pirates the NAWCC resources
Great watch and Great 2-tone checkerboard pattern,
ASAIK, These watches were only sold to Tucker & Becker, some thru Forsinger as the agent
Ran across the later Clinton Shell oil watch, with the Fob for the Newer Shell Super X Oil.
On the back of the Fob it says, "So pure.... it...
I have seen several Bull's Eye Dollar Watches by Columbia Time La Salle, Il. Made for the NAWCC to use as souvenirs for the annual conventions....