Are you sure this isn't .35 Remington ? My copy of Fjestad's "Blue book of Gun Values" doesn't give a .32.
I don't know the history of the Model 94 in .32 caliber, but I have relatives who have hunted with that very rifle for years. Dad and 4 sons - each with their own rifle. Years ago, as a young hunter, I was fascinated with that since the .30-30 was so prevalent.