On two of my Cubs I used a slip-on steering wheel cover from a discount store. They cost about $8 or so and I used a few tie straps to hold the cover in place. I consider this to be a temporary fix, but one of the covers has been on for about 2 years.
Two 1953 Cubs, 1948 Cub, 22 mower, Johnny Bucket & Blade
1968 Cub Cadet 124 and Cub Cadet 782, mower deck, rototiller, front blades