First, do not plug the set in (or again). Without replacing the electrolytic filter caps, you can cause more damage to the set.

Next, replace all the wax-paper caps. These can also be "hiding" in the bakelite blocks and metal-cans and tone control assembly. See the bakelite block re-buiilding info on my site:

http://www.philcorepairbench.com/capbuild.htm

Also check all the resistors for proper values. Replace any that are outside the +/-20% tolerance.

Check all RF and IF coils and audio transformers for continuity. You may find one or more open.

Regards,

Chuck Schwark
The Philco Repair Bench