Just for the educational value, the 340 was built from approximately 1959 until 1963. Unfortunately it has the Tel-a-depth system where you move the lever that controls the hitch to a certain position, and the hitch moves there, right?
Does it have other hydraulic levers? Do you need them for other purposes?
Just as a quick remedy, you can connect your hitch cylinder to one of the other hydraulic remotes. You will have to do the height adjustment manually, but at least it will go up and down.
Just connect the two open ends from the hitch control together with a hose so you don't dump your oil all over the ground.
The tel-a-depth system is pretty complicated. A lot of guys will replace it with a regular valve body.
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