Nice score
A bit of hum is normal, as is a freaky surge on turn on sometimes
As long as the top windings are clean, and the carbon brush is making smooth firm contact in a narrow region, you are good to go
Make sure the wiring is absolutely 100% correct, get some fuses happening in case of a blunder,
and don't assume this aurotransformer has never been messed with since 1961, even if it 'appears' untouched and stock
Does the sticker mean 250va ?
and is the unit wired/designed for 0 to 127v or 0 to 220v
or 127v to 220v ...very confusing
it may explain any loud hum = magic smoke may soon be coming
Edit: it appears the carbon brush arm frame shorted on those windings at one point, perhaps the carbon brushes got worn unevenly,
perhaps someone pushed a bit too hard and it skipped at the stop block,
or perhaps the arm has a secondary insulating stop block that unglued/failed ?
What are the grey carbon brushes like, do they still have some healthy 'meat' left on them ?
Hang on to those removed wire bits btw, you may need them one day,
and they don't take up a lot of storage space