It seems obvious what it is-some kind of miniature press. I just can't imagine what it would be good for. Mfgr is Morgan & Wilcox.

It seems really well built. The threads are such that the top plate can be pulled up to where the work is and missing is the bar that one would use to turn the screw, but the holes don't go all the way thru so said bar can only go in about a quarter-inch.

The female portion of the threads are spring-loaded, so when squeezed together the top plate falls down.
The thing I can't figure is despite it's obvious quality, it's never going to be able to put very much pressure on whatever it's pressing.
Any ideas?