Red wool, white cotton(?), brown or faded black polished cotton. Metallic fringe in bad shape.
I'm thinkin' parade, flowing white dress, this over one shoulder with blue in front. Some 4th of July relic.
Guessing late 19th/early 20th century. Notice the blue has faded but the red has not. Possibly a mix of natural dyes (blue) and aniline dyes (red, colorfast).