I just purchased a Veritas carcass saw and was surprised to see in instructions a stern warning to not use beeswax (pdf: http://www.leevalley.com/US/html/05t0705ie.pdf). I’ve used it, not extensively but many times, with plane and also saws. On a shooting board wax tends to clump into harder patches, but my garage is ~2C currently so..
But now I think I’ll go with the can solution. We don’t have 3 in 1 as a brand here (WD40 is available but I’ve seen it as spray only; it’s also not an oil..). I’m thinking about using a no-brand “general oil” that’s quite runny, recommended for locks, airguns and general oiling.
Stupid is like stupid does, even here in rural Finland.