Can you provide a little more information? Such as, is the tractor and loader new to you or have you had it a while? Did you remove the loader recently? Did it work fine before? What loader is it? Have you tested the pressure of the hydraulics on the tractor?
Honestly it sounds like you have the hoses crossed up. I know you said that they aren't but are you SURE? Sometimes we look at things so many times that we just glance and assume that it's right. Done that a few times with spark plug wires myself.
Many loaders from around the time of the 504 were pressure up gravity down. So there would only be one hose for the boom cylinders. The second hose would go with a third hose and together they would control the bucket tilt.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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