In their day the cylinders were called 'condensers' but the accurate engineering term is a capacitor. As already mentioned they are NLA and also likely not really needed. Their purpose was to reduce static in mostly AM radio reception since few had heard of FM back then. However, my cars have original Ford AM radios whose noise is unaffected by whether or not the capacitor is plugged in. Who listens to AM radio these days anyhow?
Their main purpose is making it possible to attach the repro red paper tag that says "Use of this terminal for other than radio suppression will cause elect. system failure".

I have doubts about how truthful that warning really is - BUT IT WAS ORIGINAL.
They are shaped a little differently but electrically the suppressors are identical to an ignition capacitor. They are twice the capacitance and, generally, twice the size being a similar diameter but twice as long. Almost any ignition condenser/capacitor is 0.25 microfarads; the differences among them are mostly how they are mounted. My Ford suppression capacitor measures 0.55 microfards. A true suppression capacitor being a beefed up ignition capacitor is rated at about 300V although for radio suppression it only needs to be about a 20V capacitor. Any 20V capcitor, or for that matter any empty cylinder of the correct size will do the job for you. You just need to splice a Ford bullet connector on the end of the wire.
The attached photos show the details of an original and a creation of mine from a 40 year old suppression capacitor that came with a generic radio installation kit from the late 60s. The suppressor was so important that I fortunately never got around to installing it on my '59 Rambler.

I can now hang that red tag on my GT convertible!
BTW, it should go below the regulator on a '66 so its almost hidden - only the red tag really shows so you can usually get away with any silvery cylinder.