Although this thread is 9 months old, I'd like to contribute to the knowledge base a little bit. I've just replaced the bearings in my '64 Bridgeport Pancake motor. Mine, although Fairbanks Morse too, isn't identical to the one pictured above, but I bet the bearings are the same. Here's what I bought:
For the upper bearing, I sourced a MRC (a unit of SKF) 87507. The bearing package is further marked: STEEL/C3/ABEC-1 This bearing was $40 or so, at my local bearing house. (Philly Ball in Pottstown, PA)
The lower bearing is a double row critter that also is a MRC. MRC 5305CFF. The bearing package is further marked: STEEL/C3/ABEC-1. This one was more money - roughly $70 or so.
Hope this helps the next guy.
By the way, I really like these pancake motors - the one I just overhauled sat out in the rain for no telling how long. No problems. Simple. Straight forward. And my VFD made this one purr like a kitten.
Ray