WELCOME to LMF
You are definitely having float problems...
Here is a parts breakdown for your mower... I see it could have one of 2 different carbs... they use different needles... are you sure you have the correct needle??
Parts and Diagrams for Toro Consumer 20624, Lawnmower, 1987 (SN 7000001-7999999)
If you look inside of the float bowel you can determine what one you have...
If everything indicates you were in fact given the correct parts... look closely at the needle seat, it may have a nick or something stuck in it... post back with what you find... :smile:KennyV