More than likely not oil(assumes it is a diesel). Likely that two things are happening at once. Diesel engines when first started and not worked hard "slobber" this is a mix of carbon black and condensed water. (looks like oil but it does dry into spots or stain like runs) This is the nature of tractor diesels of that vintage. If worked hard, it will stop. The second is leaky exhaust gaskets. If the manifold leaks the gasket and or surfaces were not perfectly flat or possibly tightened correctly. It is a working machine. Puttering around low speed or load operation and parades are slobbering conditions. If the staining is not too bad, I would live with it. If exhaust is escaping radically (use a small rubber hose as a stethescope all around the manifold) It needs to be fixed, or retorqued. Jim
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Today's Featured Article - Gettin My Old Tractor Home - by Clayton Sweeney. My name is Clayton Sweeney. I am from Southern Maryland in a small town called Lothian. I am 20 and my father and I are the proud owner of a 1954 Allis Chalmers WD-45. When I was 18, I dated a girl in the next county over. Her family are tobacco farmers. It was a cold Thanksgiving evening, and we were going up to her Grandparents house. As we passed one of their barns, I noticed something orange in the corner of my eye in this old shed. It was pretty dark and I asked what it was
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