Oilit
Cruisin' on my Bluebird
That makes sense. I've seen a lot more of the oval Austrian shifters than the one on your bike, so I'm guessing maybe it's an early style and they changed not long after Schwinn started buying them. But it's just a guess.Oilit, yes the rear is still the S-7, only the front is an S-2. Usually when I've seen a replacement front wheel the fork is bent, as in someone hit a curb or something else really hard and bent the front rim. But the fork looks normal in this one.
In my experience, it seems like '58/59 were the years for the Schwinn Approved Austrian hub/shifter. This one's number dates the frame to being stamped Nov of 1957, so I would think it's all original to the bike.