[osanders0311]

Ok MrFixr55, 
I have tried the DeoxIT D5 on the band switch and even though it has relieved the tension I felt when turning the knob, I still wasn't able to receive any broadcast. As for testing the Oscillator using another radio, I don't have another old radio but tried with one that I had which received AM stations and didn't notice any change in the signal while tuning the Philco. 
Figuring out the Oscillators on the parts listing is confusing, looking at the chassis and schematics it looks like #14 (Broadcast and SW) also 15A-B. Which would be the main Oscillator I need to check?
               

I am now checking the wiring and contacts in the Oscillator area to see if anything may have shorted. The backside of the switch/contacts (where it protrudes through the chassis) seemed to be the worst before using the DeoxIT.