Based solely on google results, it seems it is most likely 50/50 Sn/Pb
Defiantly solder bar, not sure if it is 50/50 but that's as good of a guess as any.
I have an ingot of Federated Castomatic Linotype in a similar form. If you look at the opposite side, you can see it is divided into two parts so it can be broken apart. Have you tapped it with a hammer to see if it rings? Given the reference to Castomatic, I would suspect it might be enrichment alloy so will be high in antimony and sound like it.
put it in your table vice and bend it over with a wrench or a hammer
if it's high antimony it will break easily.
if it's high tin [solder/babbit] you'll hear it moan and groan as you bend it.
BP | Bronze Point | IMR | Improved Military Rifle | PTD | Pointed |
BR | Bench Rest | M | Magnum | RN | Round Nose |
BT | Boat Tail | PL | Power-Lokt | SP | Soft Point |
C | Compressed Charge | PR | Primer | SPCL | Soft Point "Core-Lokt" |
HP | Hollow Point | PSPCL | Pointed Soft Point "Core Lokt" | C.O.L. | Cartridge Overall Length |
PSP | Pointed Soft Point | Spz | Spitzer Point | SBT | Spitzer Boat Tail |
LRN | Lead Round Nose | LWC | Lead Wad Cutter | LSWC | Lead Semi Wad Cutter |
GC | Gas Check |