Probably from the 1930s, maybe 1940s. They were made mainly for use in carnival shooting galleries, etc. There were enough of those that all manufacturers made frangible bullet .22s. Typically the bullets were made of powdered iron in a phenolic plastic matrix that would turn into powder upon impact with steel, and also throw off sparks.

The 1936 Peters catalog shows them as Item 2295 (50 round box) or Item 2204 (250 round box), with a 30 grain bullet and a list price of $4/M. They are not listed in the 1930 Peters catalog.

No reason they shouldn't shoot 100%.