Sgt, I also have the same problem and also with my "restored" H Farmall. The engine got new rings and valves 4 yrs ago when I bought the tractor. When I start it up and let it warm up a bit small (very tiny) black liquid spots fall on the tractor. After a few minutes I rev it up to 3/4 throttle and bring it back to idle just to blow the crap out of the muffler. Then I get out the nice soft rag and wipe everything down; the stuff is easy to remove.
Sometimes I just start the tractor and pull out the driveway and go about 1/4 - 1/3 throttle and the stuff always hits me in the face and I get tiny black spots on my shirt. And the spots on shirts are permanent. The problem goes away after I travel about 500 feet.
I've tried to use gas with no alcohol whenever I can but the problem seems to be with me all the time. Of course, adding no-alcohol gas to a tank with leftover regular gas defeats my goal somewhat.
My radiator does not leak, I change oil often, and mostly use the tractor for joy rides and run it full throttle about 1/2 the time just to clean out the exhaust. Even after our spring plow day (tractor pulls a plow for 3-4 hrs) I can start the tractor the next day and those black spots fall out of the sky.
I feel that the spots are water-based, not from raw fuel.
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Today's Featured Article - Memories of a Farmall C - by Monty Bradley. When I was a child, my grandparents lived on a farm owned by a Mr. Walters. The crops raised were cotton and soybeans, with about forty head of mixed breed cattle. Mr. Walters owned two tractors then. A Farmall 300 on gasoline and a Farmall C, that had once belonged to his father-in-law, and had been converted from gasoline to LP Gas. Many times, as a small boy, I would cross the fence behind the house my grandparents lived in and walk down the turn row to where granddaddy would be cultivati
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