The blouse is part of a set: jacket, skirt and blouse.

Page 29 of the pdf (page 27 of the periodical):
Vol. IV, No. 4 (April 1933), 36 pages.

From back cover page: “Glow Yarn (Rayon and Worsted Chenille)—this yarn makes stunninng dresses and suits; it is economical to use and right in fashion.”