According to The History and Records of the Palma Match (The World Long Range Rifle Team Championships) by Colin C. C. Cheshire, 1992; 1999. p.4.97 "The USA shot with the "Krag" Rifle of service pattern and regular Ordnance issue with aperture sights. The ammunition by the Union Metallic Company was loaded with 36 1/2 Grains of W.A. powder and the Thomas pointed bullet Of 203 1/2 grains, giving a muzzle velocity of 2,140 foot seconds."
I'm going to try to duplicate the load this year for Camp Perry, since my alloy now has my NOE 316365 spitzer bullets weighing just that much. I've shot a really good short range group in the past using that amount of powder too. In my case it was RL19. If I can get accuracy equal to the jacketed match bullets I used last year, that's the plan Mr Peabody put up on the drawing board.
It should be relatively easy to get that velocity using an alloy that I've added some copper to pushed with some slow burning powder. I found out the other day that my new alloy will take more pressure than the alloy I was previously using, which was too high in Sb. Spitzers are a problem in some Krags, but my 92/96 rifles feed them well.