Show House Subsidy End Jan 1 Approves Guarantee On Profits in OPA Extension Vote WAS WASHINGTON A S II luNG I N G TO TON N UPI The P The house voted to remove all 0 OPA P A controls from meat and edible livestock pro products WASHINGTON April 17 UP UP- UP The house whacked away a aO at ato O 0 P A A's As powers Wednesday in approving approving approving ap ap- ap- ap proving proving- a batch of amendments to legislation extending the life o othe of the price control agency With votes subject to a formal forma roll roIl call the chamber 1 Voted to to guarantee guaran guaran- tee producers processors distributors distributors distributors and retailers a reasonable profit The amendment prohibits its 0 OPA P A from fixing fLing maximum prices that do not reflect curren current production processing or distributing distributing distributing costs plus a reasonable pro profit i t 2 Voted to to limiO limit limi O 0 P As A's life to nine months beyond beyond beyond be be- yond June JunD 30 instead of ot a year rear as requested by President Truman Truman Tru Tru- man 3 Accepted to 89 an amendment to wind up by Jan 1 the governments government's program of subsidies subsidies sub sub- sidles on such agricultural products products products prod prod- as milk and flour which are designed to spur production Meat Subsidies 4 Approved to 57 a similar similar similar simi simi- lar amendment to halt all subsidy subsidy subsidy sub sub- sidy payments on meat estimated at annually These subsidies have been designed to tor keep r down meat costs to ers Administration officials have contended their removal will ill mean a hike in retail prices While the house was working over the price control 0 OPA P A announced announced an an- flounced an immediate increase of I 12 to 15 per cent in retail prices i for or work worl clothes The action o 0 OPA P A said resulted from higher prices for raw cotton and textiles and wage increases in the clothing clothIng clothIng cloth- cloth Ing ind industry try The Thc J amendment 11 r dment terminating subsidies j on agriculture commodities ties tics would con compel the government to reduce subsidy payments by 25 every 45 days getting out of the food subsidy business by Jan 1 Provision Assailed The reasonable profit provision provision provi provi- sion was offered by Rep Wolcott R. R Mich oUch and promptly assailed by jy Rep D. D Okla as asa asa asa a a wrecking amendment Administration Administration Administration Ad Ad- ministration leaders fought it Wolcott also sponsored the amendment limiting 0 O PAs PA's life to nine months beyond June 30 Price Administrator Paul Porter said breakdown of the present price rice control system can panic the he nations nation's consumers into a stampede of costly spending The breakdown danger he said is a real and frightening There Already is a rapidly spreading belief among business businessmen men Porter asserted in testimony prepared for the senate banking committee that congress will sill either scuttle price control completely com com- or take action which will compel 0 O P A to raise prices drastically dras- dras Should that belief spread to the consuming public he added the stampede will be on The 0 OPA P A chief told the senators senators sena- sena tors ors that if ft this country with bulging in its pockets goes on an economic bender there wont won't be Just a comfortable com com- little readjustment in prices Price Rise Forecast A climb of 30 40 10 or O per cent above the present level for the first year of the boom seems to tome tome tome me a conservative forecast Porter boiled down don his inflation fears ears to terms of an average family amily now spending 2500 a year ear Twelve months ot of 40 inflation inflation in- in lation he said would boost such sucha a family's expenses to for toad food clothing rent and other regular regular regu- regu lar ar I items terns |