czarivey nailed it as far as I'm concerned.
Assuming everything is connected properly and the MM input is functional, gain is approximately 35 dB on the MM input which is considerably light for a 2.1 mV cartridge, which would probably be optimized with around 44-45 dB of gain.
On the other hand, 68 dB on the MC side is way too high, and more suited to very low output MC's, certainly below .25 mV and more likely to be effective with .1 to .2 mV cartridges.
Get a new cartridge, get a new phono stage, or modify the gain on the existing phono stage.
Most records would probably sound like they were being played through a wet blanket.
Assuming everything is connected properly and the MM input is functional, gain is approximately 35 dB on the MM input which is considerably light for a 2.1 mV cartridge, which would probably be optimized with around 44-45 dB of gain.
On the other hand, 68 dB on the MC side is way too high, and more suited to very low output MC's, certainly below .25 mV and more likely to be effective with .1 to .2 mV cartridges.
Get a new cartridge, get a new phono stage, or modify the gain on the existing phono stage.
Most records would probably sound like they were being played through a wet blanket.