You need a socket for the axle nut, I seen way too many of these chiseled on over the years, and the nut carries a torque of like 120 ft pounds, this is big time important as that nut is the only thing that prevent the hub/axle and wheels from coming loose.
Update, I needed to be at the shop to be sure, that socket needed for the rear hub retianing nut is 1 7/8", as mentioned above they are L/H thread on the left side, and R/H thread on the right side. I was able to find a socket in 3/4 drive and use 3/4 to 1/2 adpater, I also ground the end of the socket flat, most have a radius on them at the end, so it could flushly get on the thin hub nuts, I don't use the retaining washer (it's a accidnet waiting to happen) and make sure the tread are cleaned and oil free then use a dab of red locktite on the threads of the hub nut and torque to 120 ft. pounds. This something that is big concern to any Spridget racer, as loosing a hub nut can make for a very bad day.