Lyle, that looks like a 329 from the top, same engine as in a 4030 and 29xx series. You might want to keep an eye on it for a bit after you get it running. They liked to cavitate and might need a new set of sleeves. Keep a close check on the oil, because the coolant will leak into it from the pin hole in the base of the sleeves at the o rings. It's not a hard rebuild, but you don't want to wipe out the crank or camshaft by trying to lubricate them with antifreeze.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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