Welcome and congratulations, the Old Town canoe with serial number 94314 is a 16 foot long, CS (Common Sense or middle) grade, HW (heavy water) model with red western cedar planking, open spruce gunwales, ash decks, ash thwarts, ash seats, a keel, and sponsons. It was built between March and July 1927. The original exterior paint color was dark green enamel. It shipped on August 10th, 1927 to Penn Yan, New York. A scan showing this build record can be found by following the link at the attached thumbnail image below.
This scan and several hundred thousand more were created with substantial grants from the Wooden Canoe Heritage Association (WCHA) and others . A description of the project to preserve these records is available at http://www.wcha.org/catalogs/old-town/records/
if you want more details. I hope that you will join or renew your membership to the WCHA so that services like this can continue. See http://www.wcha.org/about-wcha
to learn more about the WCHA and http://www.wcha.org/store/membership
It is also possible that you could have another number or manufacturer if this description doesn't match the canoe. Feel free to reply here if you have any other questions.