I'm going to look in to what can be done with the amp. I misspoke above, it is actually 4 transistors: 2 2SB54 one after the other on the input end and 2 2SB56X2 paralleled driving the output transformer, one driving each end of the center-tapped transformer input winding. (I think all are Toshiba. Maybe they made the entire little amp.) I cannot even find specs on the output transistors but given the static output I'm guessing they might be okay. The preamp stage transistors are available.
I may go ahead and unsolder those two and see if I can make a rudimentary determination--perhaps look for the diode effect. I will probe around to see what I can find on the resistors and unsolder for a proper test if anything is suspicious. 60 year old electrolytics should probably be replaced but we'll see.
The volume control pot is actually on the input end. Pot is supposed to be 1M and measures nearly double that end to end but the wiper seems to be okay and ramps up 0 to 1.9. I don't know if the end to end resistance is an issue as one end is just to common.
The phonograph runs on 6V provided by 4 D cells. One side is directly common to one side of the speaker!