The thread dial on my Sidney Lathe was froze up when I got it. I tried soaking it as well, but no success. I got a crazy idea to drop it into a hot vat of french fry oil. The oil was thin enough, the heat helped the oil get into it. And after repeating the process of slowly getting things turning a few times, all the grit was worked out, now its as good as new. Sounds crazy, but you might want to try it. Any cooking oil in a old pot should do it. The heat,and thin oil is what makes the difference, I think.