The 706 oil pressure red light is a two fold light. It is connected to the engine oil pressure sending unit and the transmission lube oil pressure sending unit. When you depress the clutch you are opening the TA dump valve to release pressure to TA to facilitate shifting gears easier so this turns on the red oil light. So, that being said, it is normal and desired to have red light come on when you press clutch pedal. Dump valve should be adjusted so as you release the clutch the red light goes out just before main clutch engages. The reason it flashs and does not stay on steady is that it is a bulb with a built in flasher which I don't like and always replace the bulb with a non flashing light to get a more accurate indication for adjusting dump valve. Bad thing with this dual set up is if light comes on when you are not depressing clutch you have to determine if it is engine oil pressure problem or transmission. Easily done by disconnecting one or the other sender as they are merely a grounding device for the light.
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Today's Featured Article - Tractor Profile: Earthmaster - by Staff. This tractor, manufactured by the Earthmaster Farm Equipment company in Burbank, California was made for only two years. The Model C came out in 1948 and was followed by the "CN" (narrow-width model), "CNH (narrow-width high-crop model), "CH" (high-crop), "D" and the "DH" (high-crop) in 1949. The main difference between the models was tire size, tractor width and cultivating height. The "D" series were about 20 inches wider overall than the
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