Sounds like the Presta valve might be jammed to me. They don't last forever, particularly if you have a bent one. Maybe get a new inner tube fitted and try that.
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LFGSS
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Ha! And another NOS Cilo Swiss frame - 1987 Columbus SLX frame this time. My size but $975 US is a bit out of my price range.
http://cgi.ebay.com/rare-CILO-SWISS-professional-SLX-frameset-NOS-54cm-/400135362354?cmd=ViewItem&pt=Road_Bikes&hash=item5d29ed1732