This one is a pickle, to be sure.
I wonder if this table has a signal cutout mechanism that detects when a record is on on or off the platter and shorts the output when there is nothing on there? My Dual 701 has a signal cut mechanism, but used differently - it cuts the signal when lifting at the end of a record or when auto-starting. The point is that some turntable manufacturers have thought to prevent outputs in certain conditions and Yamaha has done this with some of their tables. I don't know if they did it for this one. What are the two holes in the platter for I wonder?
You could test this without changing the interconnect plugs. Just put your stylus over the spinning platter and use a stylus brush to lightly touch the stylus (like you would be cleaning it) and see if it makes any noise in your speakers. Then do the same with the platter mat and record off and see it still makes noise when brushed.