I second Jerry on the cracks. I’d also check under the intake/exhaust along the side of the block. Frequently (at least in my experiences), these old girls’ blocks are cracked badly from lack of maintenance or running water.
1970 Chevrolet C10 Grandpa's -- My first truck -- In progress to shiny Follow the build in the Project Journal 1950 Chevrolet 1-Ton Dually "Ole Red Girl" In the Stovebolt Gallery More pictures here 1951 GMC 9430 1 ton dually--Shiny! | 1972 Chevrolet C20- Rusty- the puzzle box lid for the C10 | 1962 AMC Rambler American- my wife's Parts trucks- 1951 GMC 9300 | 1951-GMC 9430 | 1951- Chevrolet 1300