Check both of the shifter levers down on the transmission. The 49-50 Mercury levers were rolled and bent from heavy sheet metal and after many years of use they tend to crack at the 90 degree bend (where they are pinned to the shifter shafts). If this is evident on your trans, you’ll have to repair or replace them.
Your post doesn’t say which gear position that is sticking.....or is it all of them?
Another potential cause could be worn or broken front motor mounts, letting the engine settle or rock, putting the shift linkage out of alignment.