What year 261?
What size oil filter?
Did you change the oil filter?

If you do not have an owner's manual with this information, put in oil until it shows "Full" on the dip stick. Start the engine and run it for a few minutes. Turn off the engine and wait a few minutes. Look at the dip stick and add oil, if necessary.

20w oil - 10w-30 oil was most likely originally specified but up to 20w-50 oil would most likely be OK (that is what I have always used in my 1960 261).