Your model 34 no dash is built on S&W's improved I-frame. The -1 would signify J-frame production. The improved I-frame was rolled out in 1953 with the model of 1953 .22/.32 Kit Gun series. They changed to a coil mainspring and lengthened the butt. The stocks were even interchangeable with the J-frame. The only difference was the shorter cylinder and frame window as the J-frame was designed with a frame window long enough to accommodate the .38 special. To cut costs and simplify things, the factory discontinued the I-frame in 1961 and began building the former I-frame models, like the 34 on the J-frame, that's when the -1 was added.