That looks like it's right behind where the barrel threads end. The rifle was probably put through serious trauma (dropped from a height?) many years ago and put a hairline crack in the receiver. It's a '32, too. That was long before quality started to degrade so I doubt that was the issue.
Edit: Just looked at all the pics and I do see that it was right where the barrel threads end, haha.
Edit: Just looked at all the pics and I do see that it was right where the barrel threads end, haha.




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