It's hard to tell from the picture, but I'd change the oil slinger , check the bearings and run it. The oil slinger was available aftermarket from http://www.valu-bilt.com
for +/- $64.00 under part number A 719989. It now lists "call for availability". You might also try A&I at https://www.allpartsstore.com
but it is more like $140.00 depending on the dealer. Seems like someone on here was/is an A&I dealer. The part number is A-354643R11. In case your wondering Case/IH is $285.19.
Good luck. The 130 is a good tractor. I love my Super A.