The parts in waxed paper are NOT resistors. Those would be capacitors, and I would be very careful using that device. The old paper and wax capacitors can go bad. I've had one explode and blast scraps of burning paper around the room.
@ Caleb - Why wax sleeves over the resistors? Might this be intended as an indication of overheating if a user applies a higher-than-rated voltage, or any voltage with the function switch set to "ohms"?
@ molear - looking at the schematic and parts list these are 1% resistors, there are only 3 wax paper caps listed.
I can understand your confusion. This is not a typical thing to see. Usually, only capacitors would carry that waxy coating. however, in this case, those are resistors. You can see it in the schematic as well as just figure it out by looking at what the mode selector that they are attached to does. it changes the resistance!
I still have my Heathkit V7-A VTVM which I built in 1957 working. It's a close cousin to the RCA who had all the standard tube circuits in their tube manuals. The Heathkit has a db scale and no separate scale for the 1.5V range. In the 60s I replaced the 1.5V D cell for the ohms function with a power supply kit sold for that function and the zero and ohms pots with the vernier (planetary ball) pots availble from Heath which made setting zero and ohms far less touchy.
Those wax covered paper tubes are hiding the reistor values underneath them. Who knows what purpose they serve. If you look at the schematic, there are very few caps in the circuit.
I'm impressed that all my Heathkit tube equipment from the 50s and 60s still functions very well indeed. The only repair I've had to do is replace a resistor in the AG-9A audio generator which had too low a wattage rating causing value shift and 4% harmonic distortion. After that fix the distortion went down to under 0.02%.
I still mourn the death of Heathkit, like a long lost friend. They got me into electronics after all.