I haven't worked on one, but from the picture, I would widen the vise jaws out to support the top cover and then try to tap the shaft out. Should just be a bearing there that the shaft slides thru I would think. The snap ring groove is probably messed up a little. The two studs I would assume are threaded thru the transmission case. The one that just turns has probably eaten the threads out of the case and the oil is leaking out. Might be able to get it to come out by putting a little pressure behind the cover if you can get a screwdriver or something in the crack and then try turning the nut. Just my ideas, somebody else may have a better idea.
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Today's Featured Article - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
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