Don't use terry cloth to raise dents. Use a cotton t-shirt folded over several times to get a uniform application of steam into the wood fibers. I wouldn't use Formby's on a stock that's been stripped and cleaned up. You can add some color with Watco Danish Oil (various tones available) or with a hardware store product called Restore-A-Finish that works well on old stocks that are still in good shape but need a little TLC. If you have a shellac finish on the old stock, you can remalgamate it with a gauze and cotton pad dipped in denatured alcohol, then pad on some additional finish as a mix of alcohol, shellac and boiled linseed oil. This leaves some of the old patina. Look for articles on french polishing for the detailed how-to.
