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Ok, another update. While unscrewing that needle in the last pic to put it back together, a sleeve came off. I thought I had broken it at first, but that's how it's meant to be. In fact the 2 largest needles have sleeves. I'm starting to think that this was one of Inspector Gadget's toys. :p

I don't think it's a oiler like most of the ones in the pics, since it does not have any inner hole at the tip... however, I saw a lot of places selling needle like tools to dip in oil, then you touch the part you want to oil and it oils it.

well hotdamn.... that would explain those holes and tinier needles.

Awesome. Thanks everyone. I'm pretty sure that it would be perfect for working on leather. Being chromed, it should last a long time even for a professional. It came from a person who used to have a machine shop and most of the items were from over 40 years ago. One of the many things I got...

Is this a scratch awl of some sort, with 4 tips? The tool is marked "PENNS.M.Co., GERMANY, CHROMED". There is a hole at the top and bottom, which I forgot to take a picture of. Each of the "needles" are ground to a point with 3 sides at the tip. They are very sharp. The closed up tool...

Do you think that it could have been prevented by adding cooling to the pump?

Let me know how that pump worked out for you. I'm thinking about replacing my pump with that exact Harbor Freight unit.