Appears to be part of a ball turner. The long rod was clamped into the holder and rotated to produce round and spherical object on the lathe with repeatable accuracy. There should be a device that will grip the shaft somewhere around if you got it in a lot from an auction or similar. Good luck and hope that helped.
Bob
Is there a part number on it? I notice it's from Ideal industries in Sycamore, Ill.
Is there a part number on it? I notice it's from Ideal industries in Sycamore, Ill.
Ok, I think I got it. This is a tool specifically for cleaning the slots on electric motor commutators, called a slot scraper. here is a modern one http://www.wurtec.com/asp/product.asp?Item=SLSC69
very good identification--I figured it was for pulling and cutting or cleaning a slot