Re: 1947 Gale 5 hp. Royal..Plug wires have electric, but plugs wont spark?
Pardon me while I laugh. You'll never catch me checking spark by grabbing the wires. I HATE getting shocked.
That said, you can stick your finger in a 120 volt house bulb socket and it will knock you right out of your shorts, but it won't run an engine.
All joking aside, it takes about 20,000 volts to spark a plug. Reckon you had that much?
The most common cause of no spark on those motors is dirty breaker points. Take them apart, degrease everything, and clean each contact individually with some 400 grit waterproof sandpaper. Put them back together and when done, adjust the gap to .020" at their widest opening.
Do one set of points at a time so you have a sample of how they go together. EDIT: and don't lose any of those little insulators!!!