DRF aka Thrifty Bill
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
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Yep, its a cone adjustment. Visit the park tool site, they go through cone adjustments thoroughly. Given the age of the bike, you also should replace bearings and grease.
You will need special cone wrenches to do this job. If you are not comfortable doing it, just pay a shop to do it, it should be an inexpensive fix. And if you are paying them, I would have the front wheel done as well. Bike is of an age where such routine maintenance is warranted.
Last edited by wrk101; 09-04-10 at 03:42 PM.