[Ron Ramirez]

I've got a 75 foot long wire connected as an antenna. It's connected to the one of four posts that gives the best reception, which isn't very good at all.

I think we've found your problem.

It sounds like your set is missing its loop antenna. It MUST have this in order to function properly.

The 40-201 does not need an external longwire or ground.

The 1940 loop is an oval, cylindrical affair covered in brown paper. A loop from any of the larger 1940 Philco consoles will work in your radio.