I think we're going to have to borrow a term from sportcard collecting for that MTU. It's a miscut, not a miswrap. I don't think I've ever seen one that bad before. (Not that the book is bad, of course.)
Believe it or not, that is really a pretty nice copy of MTU 33. I've seen much worse but not many better. Ghostown had a better copy and I've got a raw Western Penn that is nicer, but both of those still have problems.
I don't know if properly centered or properly cut copies of MTU #33 even exist. Here's my copy and a few from e-Bay: