Bill –
WD-40. Yes. it's meant to leave a residue, though it's not the lubricant many think despite the waffle on the can. (WD stands for "Water Dispersant".)
Perhaps WD-40 has become a popular cutting-fluid by becoming easier to obtain than paraffin.
'
Andrew –
No, I don't think I did ask him! I suppose it's what he thought appropriate for the turning he was doing – small components mainly of EN1A, plus a fair amount of aluminium, some stainless-steel and occasionally brass.
Stainless-steel rounds were used extensively in the company's machines for small shafts and pivot-pins.
The hack-sawing machine I operated was a hefty Wicksteed one, later replaced by a Kasto thing. That had a roller-vice designed to crush swarf and its own turning-marks into the material surface, to the millers' frequent disgust. As I recall the Wicksteed had no coolant but the Kasto did. I used the conventional stuff that forms white "suds" until the company started buying a modern soluble fluid, mainly for the NC machines, but fine in the saw for all metals.
'
Dave –
Don't remind me of sour milk….. 
I regularly took milk, tea for the use in, in a small ex-medicine bottle to work each day. Then one day I could not find that bottle. I searched everywhere – work, home, car. Like the Chord and Michael Flander's French Horn, it "…. had gorn. " . Some months later I saw a curious bulge in the car's front nearside carpet. Yes – the bottle, slipped down behind the parcel-shelf. Needless to say, I binned it unopened.
However….
Once I managed to lose about half a pint of loose milk into the carpet in the back of the car. It's an excellent way to measure the absorbency of car carpets and the number of ponding points in the floor-pan. Despite lots of washing it took about three weeks for the car to stop olfactorily reminding me of the school changing-room.
Then what happened on Week Four?
I managed to lose about half a pint of loose milk into…