This was a proprietary leaded steel and was akin to 12L15 say some. It was used along with Rycut 40 made by Ryerson who is now Ryersontull.
Ledloy had a 78,000 Tensile, 60,000 Yield at 153 Brinnell. The machine ability was 180. Its selling point was it machine ability. We had lot of jack screws made from this material.