The Towner film is showing us TWO figures in red:
a) Mr. Lovelady watching the motorcade from a seated position
b) Mr. Oswald waving a flag energetically at the motorcade from a standing position.
Furthermore!
Comparative scrutiny of the game-changing Bell & Towner
Davidson Stabilizations allows us to notice something else.
Bell shows Mrs. Madie Reese raising her right arm a little higher:


I believe this may account for the sudden appearance of WHITE in FRONT of Mr. Lovelady's shirt at the very end of the Towner doorway footage:

Either that, or it's Mr. Lovelady's white tshirt coming into view as a result of some movement on his part.