Show ic if e R. R Return e urn With New W OPA W WASHINGTON ASH July 26 UP- UP Su si Subsidies s f for r m metal t l l' mines were back on the statute books Friday Y with President Truman's approval of the 0 O P A revival bill The congressional conference committee wrote into its report that the premium price plan would be retroactive to June 30 1946 when the old 0 O P A law died The Reconstruction Finance Corp Is authorized to use for mi mine Q production n pre i f fiscal fis is- is cal year One other provision the conference conference confer corner ence committee wrote into the newbill new newbill bill bUl had the senators rs from mining states confused however It says in effect that whenever the wor world d price pf of a a. commodity essential to the nations nation's economy exceeds 0 OPA P A ceilings results in either cither a substantial reduction of at the importation of that commodity com corn or or a substantial curtailment curtailment curtailment curtail curtail- ment In Jn the domestic ir trade de in that price administrator shall remove the ceiling Lead and Copp Copper r which are in short supply in this country have been purchased abr abroad by the by-the the government government gov gay at above above- prices and sold in this country at ceiling The premium price plan requires that the government pay pay to operators operators' operators operators' opera opera- tors' tors of high-cost high mines a sum based on Ithe the difference between their cost of production and the thc price If tho the ceiling price is removed under the new pew provision provi provi- son sion obvious solution would be beuse beuse beuse use of ot the maximum average monthly price in computing pre pre- S Sen n. n Murdock Murdoc D. D Utah Sen McFarland D. D Ariz and other western senators have been urging for several months that this this' method method meth meth- od be adopted and have a bill before before be be- fore forc congress congress congress- for that purpose Before attempting to o use th that t bill to c clarify the price situation they a arc are e seeking from the the price e administration lon an Interpretation of the new clause It has been reported that the clause was designed d to affect the Imp importation n of hides only though the commodity is not mentioned arid and the committee tee explained it was required to to maintain and increase domestic production and employment employment employ employ- ment m price plan as contemplated contemplated con con- on in the present office of price administration bill bUl has al allowed allowed al al- lowed one old Utah producer to resume active operation J. J K Richardson manager Utah Metal Operators issn said Friday in expressing his pleasure at the boost given n Utah nonferrous mines by the billIn billIn bill In addition this plan h has hs s forestall forestalled forestalled fore- fore stall stalled d the closing of at several severa other producers producer of at nonferrous metals who because existing market prices were less than their cost of production h have a. a av v c can contemplated tern pIa ted closing g he said Y 1 If I |