The song is with re-written lyrics based on the tune "There's a leak in this old building"; the original version was recorded on 29-10-41 by The Southern Sons (Bluebird 8920).
Other recordings:
00-10-51 by The Bells of Joy (Peacock 1708) with the title Leak in this old building;
00-10-53 by Brother Claude Ely (King 1282) with the title A leak in thils old building.
colonel snow