That is a turret lathe.
Limited usefulness in general turning work, excellent machines however for their intended purpose. extremely well made and completely bulletproof, also very powerful. I spent this morning running a W & S #5 turret lathe as it was the only machine that we have that has a 4" + bore through the spindle. The parts were 56" long which required loading them from the back, this was not turret lathe work just face and chamfer, this machine also has a sort of bar feeder arrangement on the back which required some dis assembling before use, everything is large and heavy.