I think I may have the same Craftsman drill press. I traded as small, modern drill press for it. It's very heavy. What do you think, CPO Ted?
Hey buddy ... you go ahead and post ALL of those photos you sent me. This 87 year old drill press is complete and correct to the tag on the motor ... and I can't even spot ONE nick in the table. It really is in VERY good condition and I think most folks would love to see it.
You mentioned a noise, and you mentioned wanting to replace the belt.
1. Any irregularity (a split, a tear) in the belt can cause a noise. So can a very old belt that is so old and inflexible it has taken a "set".
2. Loose pulleys can make a noise. Check to see that the screws that bind the pulley in place on its shaft aren't loose.
3. The bearings and "other things" in the motor can make a noise.
4. Those wonderful SKF bearings in the head can make a noise.
MAKING CERTAIN THAT MY HAIR IS SECURE AND WILL NOT GET CAUGHT IN THE BELT/PULLEYS, with the machine running, I would take a long screw driver, hold the butt-end of the handle against my ear and press the tip against various places on the motor and on the head where the bearing live. I have done this millions of times and know it should locate the noise pretty quickly.
Changing the belt or disassembling the head on these is a little tricky because of ONE part. I am planning to do another article on the disassembly of this drill press that will show how to do it.
One more thing ... most drill presses run way too fast do drill harder grades of steel. If you are going to drill a lot of metal, you might want to invest in a slo-speed kit. You can find them on ebay:
(click Here)