Bob,

In my search of the records, I have not confirmed a single low-wall made in 32-40. Winchester stated in their very early catalogs that they would not make them in that caliber. In my travels, I have seen three low-walls in 32-40, with two of them being obvious fakes (they lettered in a different cartridge). The only Model 1885 “low-wall” I have found that might be original in 32-40 is a very late production Schuetzen with a third variation low-wall frame. It looked correct, but there is no way to say with 100% certainty.

Bert