What Chris said. But, did someone forget to mention that when you bare the shaft wood with sand paper, or even your ME, one should use a wood sealer on it before you do anything else.
There is a reason why someone invented that stuff and then named it, "Wood Sealer".
Otherwise, you're just going to load up the pores in the wood with what ever you apply next.
Chris Hightower recommends a light sand after you apply his Sealer. I find that it is absolutely so smooth that you don't have to if not wanted.
It just gets better after a couple of coats of wax.
I have no idea in what order you did anything Buddy, but you did take a wrong turn at some point. There is nothing wrong with using Magic Eraser.
I believe that a large percent of repairmen use it, just because of how well it works along with the ease.
Next time, try using Alcohol instead of water as Alcohol will evaporate much quicker than water and tend not to raise the grain of the wood.
Go buy a bottle of soft scrub and not only save money but be kind to your shaft.
Sounds like a TV Commercial. It would be cool if your shaft were made from porcelain. Lets let all that Creamy Unknown substance soak into your shaft.
Varsol and gasoline work great for stains but I wouldn't put it on wood either.