Thank you for contacting Mearto. I think it is mahogany. I agree with you about the 1930s dating. This page has labels and dates that are helpful to reference:
http://www.vintagedrumguide.com/ludwig_badges.html

Below are some links to asking prices and sales results of similar drums. I was unable to find exact dates for many, but it should give us a good idea of the market.

In looking at the sales records, I estimate that the value is somewhere between $200 and $300. However, note the higher asking prices listed as well.

Please let me know if I can assist further.

Asking $850, 1941, better condition
https://bit.ly/3xiMcF2

Asking $375, 1958, restored
https://reverb.com/item/27570960-1958-wfl-5-5-x14-pioneer-snare-w-natural-lacquer-finish-restored

Asking $275, some damage, no date
https://www.ebay.com/itm/333964098350?hash=item4dc1cfbb2e:g:4oUAAOSwSQhejg8C

Asking $665, some damage, no date
https://www.ebay.com/itm/333590478080?hash=item4dab8abd00:g:6y8AAOSww41erxQz

Asking $725, 1950s
https://www.ebay.com/itm/333944055019?hash=item4dc09de4eb:g:KJIAAOSwJdRgZy-a

Sold for $300
https://www.ebay.com/itm/164671921126?hash=item2657361be6:g:baAAAOSwc35gEkv8

Sold for $250, different style same material, 1950s
https://www.ebay.com/itm/265103394662?hash=item3db964c766:g:Ds0AAOSweepgX2XP

Sold for $280, missing surface
https://www.ebay.com/itm/133708534288?hash=item1f21a65210:g:5bQAAOSwZ1VgYhCk

Sold for $175, different style same material
https://www.ebay.com/itm/333961464104?hash=item4dc1a78928:g:uCYAAOSwg9hgeKSN

Sold for $150, different style same material, 1940s
https://www.ebay.com/itm/324566194622?hash=item4b91a719be:g:esMAAOSwt65gcxme