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1963 s7 rim front axle bolt is stripped on both ends What specific model would i need

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The 5/16 x 26 is SAE, not metric. 5/16 is in inches; 26 is the number of threads per inch. Schwinn has a few other thread sizes that made sure you bought Schwinn replacement parts. You can buy a complete Wald replacement axle with bearings, cones, and nuts fairly cheap. The bearings fit the Schwinn hub and from there it’s all down hill.
 
If you want to go the cheaper route you could grind the nut flat an 2 opposite sides and use a wrench or a adjustable wrench just an idea
 
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