I have one of those pieces of junk in my basement. Siemens is compatible.
That is incorrect. Yes, Siemens is a 1" breaker and it will fit, but it is not listed for use in a Challenger panel. As Bob said a Cutler Hammer is the modern listed replacement. If you look at a new Cutler Hammer breaker it will have two part numbers on it- BR and C. The "BR" is for Bryant and the "C" is for Challenger.