If there was a lot of crud in the air cleaner cup and you cleaned that out and put in new oil, I'm betting the cup has holes in it. When the crude sits in there for years and a little moisture gets in, it goes to the bottom and corrodes the cup. Take the cup off and clean the oil out and then hold it up to the light. If you see pinholes, that is where the oil is coming from. I've had this happen on several tractors. Tried to repair with solder, but with the oil saturated in there you can't get the metal clean enough for the solder to stick. I've repaired a couple with JB weld and that has worked, no leaks on any that I fixed that way. The problem could be other things as noted by others below, but no one mentioned the corrosion.
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Today's Featured Article - A City Guy's First Tractor - by Fred Hambrecht. After living in apartments in Atlanta for more years than I care to remember, the wife and I decided to move to the country. Humming "Green Acres is the place for me..." we purchased a 29 acre tract about 60 miles south of Atlanta. Next came the house, I could talk about that ordeal for another two weeks... But, I want to talk about my tractor! We didn't even own a lawnmower, and all of a sudden we had enough grass to feed all the starving children of the bovine world. Naturally, I talked
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