w9 exhaust popping noise

i got a w9 that makes a popping noise out of the exhaust and also backfires out of carb at the same time.does this under any kind of a load and has no power. also noticed a black gas smelling residue seeping out of intake gaskets. all new ignition parts and carb kit that was installed a month ago. dont know if it could be sticky valve or what any help would be very helpful.
 
like rustred said, run a compression test. may need a valve job. also, if you are still running the fuel pump on the w-9, check your oil for presence of gasoline. it is not uncommon for the diaphram in the fuel pump to wear out and leak raw gas into the crankcase. if its a later w-9, steiners has the rebuild kit for the fuel pump.
 
Since you mention ignition parts have been replaced I would check timing first. Then the compression test.Or if the valves haven't been checked lately check valve clearance.
 

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