[Eliot Ness]

You're never going to get satisfactory results leaving in those 70+ year old capacitors.  Even that somewhat "newer" yellow electrolytic is probably leaky.  I bought a whole bag of new yellow Atom 'Lytic capacitors at the Dayton hamfest over 10 years ago and even back then they all tested leaky on both of my capacitor testers.  The only way I'd use one in a radio is by restuffing it with a new electrolytic.


John's (Raleigh) advice is sound, replace all of the capacitors and out-of-spec resistors and you'll save yourself a lot of headaches troubleshooting now and with future problems down the road.  Those black Bakelite blocks all contain capacitors that need to be replaced.  Mike (morzh) wrote a step-by-step procedure for easily replacing them:

http://philcoradio.com/phorum/showthread.php?tid=9107