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The "Power Kraft" line of tools was sold by Montgomery Ward stores.
Your lathe was made by the Logan company for Wards.
They are fine lathes, far sturdier and more accurate than most of the
'home shop' types, imho.
Logan is still in business, and parts are available. Google "Logan lathe" for all the info you'll ever need.
hth, Steve
edit: the serial number is stamped on the front rail of the bed at the far right end
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