Hey Guest!
smilie in place of the real @
Pretty Please - add it to our Events forum(s) and add to the calendar! >> Here's How << 
Looks like the stator tube is turning inside the column. Have someone watch the wires and see if they move when you turn the wheels.
That is certainly the way it should be; and yet it looks like copper in your photo. Makes me wonder if some DPO didn't try to make his own tube from copper (they were NLA for many years).Yes, but it's actually steel and runs from the bottom ,in your picture, all the way to the horn/signal control head at the top. The nut at the bottom should lock it, and the stator, in turn, locks the control head from turning...and twisting your wires.
Here you go:Thanks Randall. The stator is broke on my new project...good to know they can be bought if its too far gone to fix!