Mark B. Ledenbach's vintage Halloween collectibles blog.

Vintage 1921 Cardboard Horn Halloween Cat Devil Witch Noise Maker

I consider this to be one of the better lithoed paper over cardboard horns produced in the USA. The use of yellow as the primary background color is unusual, setting this noisemaker apart in a display case. The manufacturer isn't known. The Canadian manufacturer, Granger Company, in Montreal produced a black and white version that is scarcer but not as visually appealing. Sustainable guide value on the US horn is $100. 

10/20 Update: A battle royale ensued over this horn as it sold for $194.50.