Yes, that's about right. According to writer Chuck Hawks ... "Standard American factory loads for the .303 Savage drove a round nose 190 grain bullet at a muzzle velocity (MV) of 1980 fps and muzzle energy of 1650 ft. lbs. The 200 yard figures were 1440 fps and 875 ft. lbs. The midrange trajectory (maximum rise) of this load was 1.3" over 100 yards, 6.2" over 200 yards"

I've been doing some research on the 303 Savage and I'm finding some very interesting info. Invented in 1895 for the model 1895 which was later improved to the 1899 with minor changes.

It seems that in the very early, early loading, Savage loaded an "over-bore" sized .311 bullet for the rifle which had a .308 bore in order to increase the pressures of the cartridge, thereby giving higher velocities. Pressures / Velocities that were not obtainable in a small capacity case using the powders of the day. Only sometime later, with the advent of better powders, was the bullet dia. reduced to .308 dia.