We have a wood Level tool by "Port Austin Level and Tool Meg Co. Port Austin Mich" (it is marked on one side).  It has worn red paint on all sides.  There is some white splotched paint in the center on one side.  It seems to work fine.  There is some white residue inside the glass pains where the levels are ?old chipped paint?  The caulk on the outside of the glass windows is chipped and worn.  There are a few surface cracks in the wood, not effecting the integrity of the piece.  It measures about 24" in L x 2 3/8" in H x 1 1/8" in D. I would consider this in fair condition.  

Level Tool Red Chippy Paint Vintage