It sounds like you have a model 120 Featherweight.

The 1894 Schoverling, Daly, and Gales catalog lists the gun at $120, a ten dollar premium over the standard model 120.

The odd piece with your Daly (and other featherweights in your Daly serial number range) is that it was was made a few years after 1894 and there is not a featherweight model listed in the either the 1895 or 1897 catalogs (or later catalogs). However, it is clear that the featherweight Dalys (actually marked as "featherweights", not just sub-6 lb guns) were made after they were no longer highlighted in the SD&G catalogs. I have two featherweight Dalys in the same boat.

Ken