Ogden Standard-Examiner | 1922-08-24 | Page 1 | Lord Will Settle Naval Oil Dispute

LORD WILL SETTLE NAVAL OIL DISPUTE WASHINGTON. August 24- President Pres-ident Harding, it was learned today. 'has entrusted to Ltudget Director l-1 rd .the task of breakln? a deadlock existing ex-isting between SSCretatJ Kail and 'Chairman Esker of the shipping 'hoard on the question of renewal of the Shipping board's contract With the Interior department for navul royalty 'oils. Secretary Fail, n was explained, de- icllhed to renew an arrangement whereby the shipping hoard obtained (approximately 250,000 barrels of naval oil monthly for Its vessels at a price-lower price-lower than th" bass mld-contlnent price declared to be "jj cents a barrel more than the price the shipping board has been paying. Chairmun LASker, ll was said, could not agree and Insisted bu a renewal at the Old Price. The matter was re-If re-If erred t.o 'resident Harding who asked General Lord as coordinator to Inter-,v, Inter-,v, n,. Secretary Kail's position was Icatj to be thai while sympathizing with M r. Laskei position, he thought the navy was entiled to a normal market mar-ket price for its royalty oils I -oo