No Compression

After taking a real close look and putting a straight edge over the valves i noticed that the valves are not level at all and also the oil seals are mostly all broken into pieces. most have drie rotted over time. So that's the culprit. Thanks guys for helping narrow it down with the fun of online diagnosis. Question is what do i do now. I guess i will start at the junk yards.

Pull the head, check everything out (bores, pistons and rust) and have the head rebuilt if everything else looks good.

Keep in mind engines you buy at the junk yards are also old unless it has been rebuilt.