Step by step your gonna need lubricant for the rear end. 90 weight is superior to multivisconsity lubricants.
You'll need a new gasket , mentally note where the plug is located.
3oclock, 4oclock, etc. cause the cover can go on in various positions
Next take off the wheel on the side of the leak, remove brake drum, brake line, and emergency brake cable.
Next unbolt the backing plate and remove. Now push toward the center of the car on the rear axle, there should be a little slop. This will take the tension off the clip that holds the axle in place.
There is a rectangular spacer that comes out as well as four small gears.
Gently remove axle holding it from dragging against the seals, inner and outer, remove seals, and replace with new ones.
Check the bearing race on the axle for wear.
Clean wheel bearing, and regrease with the heavy old fashioned fibrous grease. Inspect and reassemble. for parts suggest www.bobsautomobilia.com
Also you really should have a manual for this operation. Maybe Bob has a reprint 48-49 manual.
Keep in touch what you find out.
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