This is a Keystone “Snow’s” sailboat. I believe this to be advertising Snow’s brand foods. From the stern to the end of the boom the sailboat is 24″, the hull is 4″ at its widest and the height is 32″ from keel to mast top. The hull is solid wood and the keel is metal to give it weight to float upright. The boom, the wheel and the spreader are plastic. There are condition issues with this example as the front sail, which is vinyl, is torn and the rudder and mast cap are missing. Beyond that it is a nice example of a toy that was produced in the late 1940’s to early 1950’s.
From my personal collection.