Your Central Arms Co. shotgun was made for Shapleigh Hdw. Co. of St. Louis, MO by the Crescent Firearms Co. of Norwich, CT.
Crescent was best known for producing "house brand" shotguns. These were made for and sold by a variety of hardware companies, mail order stores, retailers and distributors. More than 200 names are known or thought to have been used on shotguns produced by Crescent.
These Crescent house brand shotguns were of decent quality, but were inexpensive firearms, and have little or no collector value. Depending on condition, they're generally valued in the $75 to $150 range.
Those made prior to WWI were usually made for blackpowder only, and shouldn't be used with modern smokeless powder shells.
If in doubt, have your gun checked out by a gunsmith before shooting. If the chamber length is 2 inches, that IS the old black powder chambering, and modern day 2.5 or 3 inch ammo should NOT be fired in it.
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