When using linseed oil, use only a few (5-6) drops of oil at one aplication. Rub the oil well into the stock, you don't want it wet, just a very thin film on the surface of the stock. Set it in the corner for a week and then give it another coat, you building up several thin coats on the surface.
Many of the older gunsmithing books have sections on how to apply and maintain a oil finish.
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