[49Stude63]

Mike on the cap your arrow is pointing to it appear that bakelite block shorted or is dead, some of those bakelite blocks were 2 and 3 part depending on the part number. On my model 16X console they clipped the old dead cap out and did the same just put a new cap in the circuit. If you get the service data for it and it doesn't show that cap as an update then when you rebuild the bakelite blocks you should not need that cap. Ron may comment but to me it appears to be a later repair of the radio to replace one of the dead sections of the bakelite block. Se if the cap now installed and one of the sections of the bakelite block, or if it is a single section does it match. Nice looking and should be a an easy restore since what you have to start with is in great condtion.