Thanks Texas for the info. Here is what may be the story. Someone probably wanted to make it a blue tractor because the newer ones were blue. So while the engine was out they painted it blue, I have found a couple of red spots around the edges. And they painted the front tin blue but never got around to stripping and painting the rest of the tractor. At least it makes a good story.
Now here is another chapter. I got referred this morning to another 62 light industrial in Salt Lake City. Originally it was a diesel but now it is a gaser. Engine smokes but it has awesome tin including almost pristine rear fenders. Serial number 167665 and code 40303 DS. Has 14.9 24 turf tires as well but the rims are toast. So ... I probably have enough parts to really make a good one. Pictures to follow.