It could be the axle has had Molyslip graphite additive added to the oil this was quite common practice in the 60s. If this is not the case I suspect the black colour is either from paint on the inside of the axle or an oil seal -- but if you want to flush it out auto tramsmisson fluid might be a better choice -- it has lots of detergent and has quite a lot of EP additive because it is designed as a gear lubricant