Looks like the right boat! Old Town 126941 is a 16 foot CS (common sense, or mid-grade) Otca model canoe finished from March to July of 1939. It has open spruce gunwales and was fitted with a keel and floor rack. Trim wood isn't specified, but CS grade is any hardwood except mahogany and is often ash. The canoe was originally painted dark red with a hair line stripe-- probably below the gunwale. It wouldn't have said "Old Town" on the side. It was shipped to L. Bamberger and Co. of Newark, NJ, on March 10, 1941.
The scan of this record is attached below-- click on it to get a larger image. This scan and several hundred thousand others 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/ot_records/ if you want more details. I hope that you and anyone else reading this will join or renew membership in the WCHA so that services like this can continue. See
http://www.wcha.org/wcha/ to learn more about the WCHA and
http://www.wcha.org/join.php to renew.
It is also possible that you could have another number or manufacturer if this description doesn't match your canoe. Feel free to reply here if you have any other questions.
More information on the Old Town Company can be found in Sue Audette's book, "Old Town, Our First Hundred Years", which is available through the WCHA store and most booksellers, eBay, Amazon, and public libraries.
I will also attach information on the Otca model from the 1941 Old Town catalog, courtesy "The Complete Old Town Canoe Campany Catalog Collection, 1901- 1993", available on CD from
http://www.wcha.org/catalog/ and
http://www.dragonflycanoe.com/cdrom.htm on the web.
Kathy