The Ithaca 37 was introduced in 1937 (model named for year), and you have a very early one. Pre-war Model 37's usually rate about a 30% premium over book value. The Model 37 itself is anything but rare, however, with over 2 million produced. Book value for a Model 37 Standard Grade ranges from $75 (poor) to $250 (excellent), while the Skeet Grade ranges fro $100 to $500. The pre-war premium gets added to that value.
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In order to answer this question one would need to know the model number, serial number (not essential, but helps date it), and its condition. If it's an Ithaca, as opposed to an Ithaca SKB, it would be a Model 51, and probably worth in the $300-$400 range.
My research suggests they did, sort of. Marketed by Sears as Ted Williams model 340.530xxx. Which should be an Ithica Model 49. The six digit sufix is most likely the serial number. Ithaca did not make a Model 340. What are all the markings on your gun? sales@countrygunsmith.net
It's a Lewis or NIG model, built in 1903. Value is from $50.00 for a wallhanger to $1000.00 or more for one in new condition.
If it was made before 1968 it may not have one. If it was made later than that, it should be easily found without disassembing anything.
$139.95