To check the temp gauge and sending unit, unplug it from the sending unit, turn the power on. The gauge should still be on 0 degrees, assuming the wire is good, ground the wire at he sending unit, if the needle on the gauge goes all the way to the right the sending unit is bad. If the needle doesn't move it is the gauge. Remember assuming the wire is good and you have power at the gauge.
To check the oil pressure gage, unplug it from the transmiter, and turn on the power. The needle on the gauge should go all the way to the right, if it doesn't the gauge is bad, assuming the wire is good, ground the wire at the transmiter, the needle should go back to 0 PSI. If it does go to 0 PSI the sending unit is bad. And as I mentioned before make sure the wire is good and you have power at the gauge.
Another thing to check is to make sure that the connection is tight on the sending unit and gauges. I know from Motor Pool experience that after time the little clips come off the connections and don't give you a tight connection.
Hope this helps. Any questions let me know.
1968 M725(2)
1967 M715
1967 M725(2)
1963 M43
1954 M37
1967 M103A3 w/M1010 Body