Perhaps you have de-polarized the generator? Here is how you can test the generator with an ohmmeter:
1. disconnect both leads of generator
2. generator field terminal to generator output should read about 6 ohms
3. generator output terminal to case ground should read very near zero ohms, and should not change much when generator is rotated.
Since you have a power supply, an easy and fool proof way of polarizing generator is to connect a 12V supply, positive to generator output, negative to field terminal. Field should draw about 2 amps and you can leave it connected for several seconds without concern. Be careful not to touch field terminal when connecting/disconnecting the power supply, as the field's inductance can generate a big voltage spike a la ignition coil.
If the generator passes the ohmmeter tests and you have polarized it, it is ready for testing while running per instructions in previous posts.