One possibility is that someone dumped coolant into the engine oil fill by mistake/lack of knowledge, etc....just didn't want it to freeze and burst over the winter and was in a hurry, "this must be it".
I think I'd pressurize the radiator to about 2-5 psi and see if you get any more running out the oil pan drain plug (or could feel the air).
If that holds, I think I'd fill with (cheap) oil again and run for a few minutes and drain it again.
If that holds, use a name-brand oil and do some testing!
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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