Take a deep breath and slow down. Until you know what you have, almost all methods to clean what we thought were wall hangers are wrong, and irreversable. If you want to stop the rust, 0000 steel wool liberally soaked with WD-40, rubbed lightly, will do that on the barrels fine. Don't go at the action with an pressure at all; there may be remnants of colors hiding. Post some pictures of the barrel stamping, bottom of the rear barrel lug, and water tables so you'll get the experts to tell you what you have.
The true 'wall hanger' category is pretty filled up with lesser quality pieces, so don't be too rushed to commit a potentially good Parker to that 'final resting place.'
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Threaded Mode