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The back of the 8x10" photo has "Tri-Boro Photos, Inc., 186 Joralemon Street, Brooklyn, N.Y." stamped onto it. The front: Babe Ruth with his boyish grin surrounded by eight boys in the locker room at Yankee Stadium. The photo was taken in 1933 when The Babe was promoting hats and neckties. He inscribed the photo in fountain ink with, "To Joseph O'Connell From Babe Ruth". The signature and personalization are slightly faded, and grade a 6/10. The photo is EX. LOA from the then-boy in the back row on the right end, Mr. O'Connell.
Other past auction items that may be of interest to you.
November 2010 Catalog