Spotify has TWO HOBOES recorded by the Journeymen on the album "Capitol Collectors Series." I listened, and the lyrics sound exactly like those that Peace posted back on 25 Feb 2005.

It also has this version:

TWO HOBOES
Lawrence Gellert / Dick Weissman
As sung by Judy Roderick on "Woman Blue" (1965, reissued 2006)

Railroad looks so pretty
Boxcars on the track
Yonder stands two hoboes
Their rucksack on their back
And it's oh, babe, no home, babe

When you ride the railroad
It's hard to heed [or "keep"?] the law
Rode all the way from New Orleans
Trouble's all they saw
And it's oh, babe, no home, babe

Worked on a Georgia road crew
Ninety days in the county jail
Broke away 'bout the break o' day
Trouble bound to find their trail
And it's oh, babe, no home, babe

Clothes all torn and ragged
No one knows their name
Must have traveled through a thousand towns
When you're broke, they all look the same
And it's oh, babe, no home, babe

Oh, babe, no home, babe