A friend of mine just made it back into town, and over to my place. While digging through some of my recent acquisitions, I showed him this critter. He has an almost encyclopedic knowledge of all things regarding telephones, power lines, equipment, and installation, and he identified it as a tool used by armor installers for ACSR conductor cable. This is what Wikipedia says about ACSR:
"Aluminum conductor steel-reinforced cable (ACSR cable) is a specific type of high-capacity, high-strength stranded cable typically used in overhead power lines. The outer strands are aluminum, chosen for its excellent conductivity, low weight and low cost. The center strand is of steel for the strength required to support the weight without stretching the aluminum due to its ductility. This gives the cable an overall high tensile strength."
So, we were on the right track as to its function, but I missed the mark regarding which industry utilized it.
Lynn