Hi I would remove the spark plug, then hold the plunger in with your finger and turn the crank over slowly to see if you can detect any movement of the plunger, they do not move a lot, if theres no movement you'll have to check it out further, do you have the large B&S manual on the engine, the B&S Repairmans handbook covers engines from 1919-1981 CE8069 it covers that engine and many more.
If you have movement of the plunger and get the points set to about 0.020" and still no spark its probably the coil, in that case its very easy to convert to battery ignition.
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