Check to see if you have 12V at this terminal on the coil when the ignition is on. If not, your coil might be bad.
Also, there are a couple different ways these distributors work and one of them is there is a hall effect switch (magnetic switch) inside the distributor and when the engine rotates, a disc with windows rotates between a magnet and the hall effect switch and makes the magnetic switch turn on and off... If yours is setup this way, you can rotate your distributor by hand with a voltmeter on the wire below the one circled below and you should see it changing voltage as you rotate the distributor. I can't say for sure if this will work with your distributor but you can try as a last resort.
Have you tried putting a spark plus in the end of the coil wire to see if it fires? This would at least eliminate cap and rotor related issues...