I haven't seen embossed numbers in that area before. It's interesting.
Wasn't 'Northern King' a Marshall-Wells hardware store brand? I recall reading that Welland Vale made many of their axes for them. I don't know who made their replacement handles.
Yeah, seems like a spot that wouldn't be relevant unless the numbering was used in ordering a new handle or used by the company as a result of reference in production- in which case, why the embossing? The guys putting them together wouldn't need such detail...
I have another implement with an embossed "Premium" on the exposed handle- that is for the customer I would imagine.
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