Bleeding brakes-pedal pressure problem. Could use some advice/suggestions

[acchaplin]

Here is what I have.
Mostly early production '32 frame, steering, etc.
'53-'56 PU front brakes.
'39-'42 rear brakes. ALL the brake components are new except for the drums. They have been turned originals.
Front brakes are adjusted to a slight drag. Rears are not adjusted. (need 25-35 pounds of force applied to brake pedal)
Master cly I think, (bought it too long ago, you know, CRS) is a non power Mustang. Hardly any "free pedal travel")
Brake lines are 1/4" all polished stainless, with double flaired ends and polished brass T's.

Bleeding procedure. Master cly was bench bled by the instructions. Fill, until fludi starts to run out ports, then cap off with the plastic plugs. Short quick strokes until resistance.

Rears first. 5 pedal pumps then hold. Ran 1/2 a bottle of fluid thrugh. Got air bubbles, No hi pressure fluid squirts, just some soild dribble. The pedal would freely go to the floor.

Fronts, the same way. 5-10 sometimes 20, pedal pumps then hold. Got some air bubbles at first, then just some solid dribble fluid. Finished off that quart bottle of fluid.

Pedal would freely go to the floor.

I should ad, that there are NO visible leaks.

If I would pump the pedal fast and hard, I would get about a 1/4 pedal, and it would hold. Let up, pump again one time, pdeal would freely go to the floor.

Pump the pedal fast and hard several times again, get that 1/4 pedal. One could, with much difficulty, turn each wheel by hand.

What procedure am I missing here? Thanks