This model was the entry level console for 1938. It has seven tubes, including an eye tube. It appears that this is the same chassis as the 7423-2 above, simply in a console cabinet. I've never seen one of these radios, but some must exist.
This radio had a price drop during its season. It's listed in the Fall/Winter 1937-1938 catalog for $59.95, but the price is dropped to $49.95 in the Spring/Summer 1938 catalog.