"if I put a small piece of wood between the contact points I have power to positive side of the coil and the negative side"
Based on that info, my GUESS would be that the breaker points are set "too tight" and are not breaking (opening) as each distributor cam lobe passes under the wear block on the moveable breaker point.
But maybe we should back up a little... have you cranked the engine to a point where the rubbing block is on the can and verified that the points DO open? (.020", IIRC.)
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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