It is probably a Nehi soda bottle. Here is one I found on ebay and the description they give of it to compare to yours. The price they have as a "Buy It Now" is $17.99.
Their description:
This is one clear 1930s embossed NEHI THE BEST MINIMUM CONTENTS 9 FLUID OUNCES CHERO-COLA BOTT CO BETHLEHEM, PA soda bottle. Also has DESIGN PAT'D MAR 3 .25 embossed on the bottom. Bottle has case wear, very little haze, a few flea bites, and a tiny flash on the back neck (much smaller than a dime) no real damage, mentioned for accuracy. This is a very rare Nehi bottle, not to be confused with the common silk stocking nehi the doesn't have "THE BEST" embossed on it.