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You need to inspect your radio before applying any power. Later pre-war radios were manufactured with lots of rubber insulated wire that crumbles and the last thing you need is a short. Also, a radio this age may have been repaired a time or two and you have to be suspect of any hack repairs.
Using a dim bulb tester is a good idea but do at least two things. Test first with the rectifier tube out, (measuring voltages a good idea) and if you wish to go any further you must make sure that the rectifier is good as well as the power supply electrolytic. Not sure on this year model, but if it uses a 6X5 Rectifier these tubes are notorious for shorting out and taking the transformer with it. And don't trust the original electrolytic either!
If the set fails any of these things, then you may want to set it aside until funds may improve. But at least you can assess it and make some determinations. You will put more labor into this than you can get out of it from a dollar point of view. Sometimes, it's assumed that you can make money doing something like this but that is not necessarly the case. And speaking from a hobbyist point of view to me (and others) it's more of a labor of love and enjoyment than making a buck.
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