Hula Blues (1929?) Tau Moe and his Original Hawaiians 

Great recording. This is certainly an electric steel guitar, so recorded after 1932. It’s possibly the trio pictured at 1:36. That lick at 2:05 is amazing.

The "comping" in the background is acoustic guitar in a 30s style rhythm. I can't make out the E or A strings so it sometimes sounds like it could be baritone ukulele/s.

Fairly certain that's an electric guitar so it's probably a later recording. First electric steels went on the market in 1932.

That's the Stuff ! Is that a National Hawaiian Tricone Guitar he's playing ?

Can't help but wonder if this influenced the music used in the film "Dirty Dancing"?