This would be easy to identify as the threaded portion will be larger than the smooth portion of the shaft as the metal deforms during the rolling process it becomes larger.
You must remember that Sedgwick is a very small artisanal manufacturer of woodworking machinery, there are no special processes or expensive machinery involved in the production of these machines, in fact it's very archaic and they almost always go for the cheapest possible way of manufacture whilst keeping the quality somewhat acceptable. I can say without a doubt that they cut all their in-house threads with dies or single-point cut in the lathe, because when you examine their threads you will often see the burr left behind by the dies or the steps in the thread at the end where they've pulled the cross-slide back and the tolerances vary massively from machine to machine, particularly spindle moulder shafts where one nut will thread on very loosely and another will be so tight to thread on that you need a spanner just to wind it on.