Got this at the local vintage swap last week. Disappointed, I figured with the chrome lugs and socks and the forged dropouts it was going to be decent frame. Totally missed that there was a kickstand mounting plate.
After some research turns out it's gas pipe probably about the level of a Raleigh Grand Prix.
Luckily I didn't pay much for it. Guess when I have some time on my hands I'll clean it up and do the bearings and see what it looks like.