Appears to be an umbrella/parasol handle. Looks like the grooves were filled in with filler and then used as a cane. (i witnessed filler come out of one of the grooves) see pics. Stamped 14 k and engraved on the end. Please see pics for dimensions . Overall length of piece is 32.5 inches. Below the 14K is what appears to be a date 1848 upside down from the gold mark. or it could be 8781 as just a number.