John--You're correct, from the info I have. Davis bought out Crescent in 1929, then Stevens bought it in 1931. Stevens only finished those guns that had already been made but not assembled; they then abandoned the Crescent plant in Norwich, which the town took over for back taxes in 1932.

Anyone notice the similarity between the rib on that gun and a Parker rib? Looking at the barrels from the top (and ignoring the rib extension, which is not the Parker doll's head), they look very Parker-like.