I bought this little 1948 vintage Bridgeport a few months ago. Terrible paint in multiple layers, rusty and crud everywhere, worn spindle, bad bearings, but basically complete. I took it apart, scraped paint and rust, replaced bearings, repaired the splines, and repainted it. I just got it back together today and looking for the next project.
That is a nice little J head. I have one that I started rebuilding before my wife's health problems really kicked into high gear. It is about 85% back together now, waiting for me to make some time for it.