OK, Thanks for the replies.
My car is all assembled and complete, my restorer used gear oil and small torn off pieces of 0000 steel wool to apply I am told.
They told me that I should go over and re-apply once per year and having no experiance with this I just need to know if this is the right way to do it or need a better suggestion, the gear oil stinks to high hell so I think I'm going to use plain, clean, unused motor oil as Charles has suggested.
I still am unclear as to if I should apply it and leave it on (thin coat) or wipe it off after a day or so and if the steel wool is the best way to apply it or if there is something better-some have said that steel wool can leave particles that will rust if left behind....