This old photo is printed on a piece of thin cardboard, which I found earlier this autumn in a box of loose papers.
The cardboard wasn't attached to anything. And there is no other context for the image, beyond the "EARLY DELIVERY" caption and the smaller "MADE IN U.S.A." credit.
So we just have to take this for what it is: A child in overalls handing what appears to be loaf of bread from a basket to a nice-looking lady, while a dog (some kind of spaniel?) scans the area.
Or maybe it's not bread. Perhaps this is an early-morning drug transaction, with the dog serving as lookout.