I think you are seeing the underline as the bottom of a 2.
Accordingly, it seems that 313 is the shape number, and 24 the shell category number.
Hunter, I don't think so if I'm reading Loring correctly.
"...Shell pipes were not given specific shape numbers but rather put into one of about two and half dozen numbered categories. Since category numbers run from single digits to the twenties, while the Dunhill made shape numbers begin with 31 that can be no confusion between which system a number belongs to."
Shape 313, and as I recall the 24 referred to the specification for the inner tube for the pipe...?
However, more from Loring, so perhaps you are correct.
SHELL MODEL NUMBERS. While all Shell pipes began as standard Bruyere model shapes the deep sandblasting of the period meant that the resulting pipe could be far from standard. During this period and for a time after the nomenclature examples as well as catalogues seems to suggest that there was in a place a dual model number system, one number reflecting the original Bruyere model shape and the second, a single digit, reflecting a Shell category. The particulars of this apparent dual system and it’s evolution however, are unknown to me.
Hunter, after reading all this, I'm liking your explanation better.
George, you need a better picture of that stamping.