1927 Izhevsk Ex-Dragoon

[Dad]

Here are some pictures of the 1927 Izhevsk (Ex-Dragoon?) I picked up a couple of weeks ago at my local Big5 Sporting Goods Store for $119.00. Included were the typical accessories (tool kit, sling, two ammo pouches and a bayonet).
The rifle came in a WWll (post war?) laminated stock with the typical Russian arsenal refinish (shellac and black paint).

After wiping down the wood with a dry rag and a quick bore and bolt cleaning it was off to the range.
Shot some commercial loads and the resulting groups were not too bad (4-3.5" @100yrds) considering there was a fairly strong breeze and my allergies were acting up (my current excuse for lousy marksmanship).
It is shooting high so I'll have to do something about the front sight post.

After the range session I decided to make it look a little better since when I picked it up there were scrapes, chipping and other minor damage to the shellac.
After a wipe down, with Murphy's, disaster struck, the shellac kept coming off the wood!
With a pen knife I lifted some more of the shellac off the stock and the wood felt oily under the shellac! Did the Russians apply BLO or Tung oil to stocks prior to applying shellac?

So then I took the rifle completely apart and found out there was no cosmoline® on the weapon at all, not even under the wood which was a pleasant surprise! The metal under the wood is in like new condition!
Next, I probably did a bad thing, I stripped the remaining shellac off the stock and refinished it with Tung oil.
The pictures you see are the result. I apologize for the reflections in the photos but the sun was really bright when the pictures were taken.
I'm not too clear on what the markings on the receiver mean so any help is appreciated.

D.
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