Stylish...attractive...and we're able to tell its P1202 number (#1092). One guesses it's from about 1935 or so, a guess corroborated by the snipe that remains on the back:
The computer I'm using, unlike the home service I wish I had, won't allow me to highlight and enlarge the section of photo with the copy, so I'll write it here for you:
"FOR AIR TRAVEL
HOLLYWOOD...Carole Lombard shows off her appropriate costume for air travel. It is a tailored pajama of beige silk gabardine and consists of three pieces -- trousers, blouse and swagger jacket -- and is set off with pigskin belt and buttons. Woven leather shoes and a simple beret completes the outfit."
Given Lombard's ultimate fate, seeing anything related to "air travel" can cause an uncomfortable feeling for many of us, but once you disassociate that, it was indeed a sensible outfit for a woman aboard an aircraft in 1935. Stops were many in those days, and a passenger would almost certainly have to sleep at one time or another. (And whereas long-distance rail passengers had separate compartments where they could change from daywear to sleepwear and vice versa, air passengers lacked that option.)
The photo is 8" x 10" and looks in fine shape. You can buy it for $149.99 through eBay's "buy it now" option, or simply make an offer before 11:39 p.m. (Eastern) tonight if it hasn't been sold already. Go to http://cgi.ebay.com/100-real-RARE-photo-CAROLE-LOMBARD-1935-LH2131-/380232223368?cmd=ViewItem&pt=Art_Photo_Images&hash=item58879b4a88 to learn more.
Meanwhile, today I'll seek an alternate Internet provider, so I can make these daily entries from the comfort of my own home.