If it were bad seals in the cylinders, the loader would fall back down all by itself. Tilting the bucket would not cause the loader to drop.
On a large-frame tractors of that era, the two hydraulic levers shared a common pivot. One lever had a tube, and the other had a rod that ran through the inside of the tube. If a tractor sat around long enough these could get sticky and moving one lever would also cause the other to move with it, activating both remotes. You wouldn't notice it raising the loader, but tilting the bucket would also cause the loader to drop.
I don't know how the valves are arranged on a 544, though.
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Today's Featured Article - Pitfalls of Tractor Engine Rebuilds - by Chris Pratt. The first pop after you have put the machine together with your own hands is exciting and pleasing. The whole experience can be marred if one moves too fast and makes too many assumptions that they can just use "as is" some parts they should be closely scrutinizing and possibly attended to. In such cases, rework makes what could have been a fun project turn into an irritant or even a nightmare. Minor Irritants To give you an example of an minor but irritating proble
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