If the loader came off of a JD tractor, odds are it is a closed center valve. Where did you buy it from? If it was installed w/ the tractor (package), odds are it is, unless it was replaced and the person who did it didn't have a clue.
Well, there is a cheap quick way. A little gross in one version. If the loader valve is not hooked up, find the supply and return lines. If they have a quick disconnect, remove them. Take your air compressor and put the blow valve tool chuck (forgot the name) and put it into one line. TURN YOUR AIR PRESSURE DOWN to like 5psi!!!! Take a rag, cover the hose end where you put the air chuck, squeeze. If air blows out of the other hydraulic hose, you have an open center valve. If air does not and comes back out where you are trying to blow, you have a closed center valve. The other method, not using a compressor, is to blow on it with your mouth....like I said, one was gross.
A lot of the early valves were made closed center. Not a open center valve assembly that you could "modify" to be closed center....not all. But once they found it was cheaper (usually) to make a generic valve (usually open center), the kit's were available to make them closed. Less valves to have around (as open center hydraulics are more common then closed in tractors).