Show H HARRIMAN AR R IM AN 0 OffiCIALS KP KEEP MUM Decline to Comment on Decision Decision De De- Either as s to fo Its Scope or Ol Significance Although They Manifest No Surprise se NEW V V YORK Dec 2 2 Officials Officials of ol i lI the thc Harriman system S manifested no surprise when informed informed of r the thc supreme court decision on tl today ay against the thc Union U ion Pacific mergers merger hut mit declined de do cJU dined ed to comme comment t on it 6 scope ope or general gen eral significance f Wall VaU street received ea the ir in the early afternoon shortly after call cal money had risen to 16 per cent the tho high h rate rute of pl the thc day da union Pacific fe fell l points to and Southern Pacific Pa i c 2 points paints to Almost at atthe atthe t the same ume time Union Pacific pre preferred shot up UJ from 90 to and anil Southern Pacific 4 p pet per t echt bonds vere rushed ru hed up 6 z 61 points p The rho r rise ae in Union Pacific preferred w was s. s said s td to bo ho based baaed on o the tho belief u ct that It would ouId bo likely to share equally the common co m in any distribution or re readjustment N ro- ro adjustment Of or securities entailed b by today's decision This W was S debatable point and ll representatives e refused an any information Q on th h subject IU It le e In 10 Bond Dond Valued As As' for or Southern th it rise rlee was wt attributed to iq q j. j Jc retire retire- retirement ment at par and oral Int r. r t t. Cen Cen- Central tr trAt l P b b ton Pa Pa- elf cine Jc s. s d In o J courts court's decision Southern t P Lt owns ons all tho the common stock on 1 Pacific I ln In consideration of ot t A e e l an doU an q amount of or orthe the collateral collateral is B. B lIe tho the Blocks were falling th the r remainder of ot the list made one or two points decline but the Unsettlement un- un settlement was T little more than torn torn- polar most mORt issues recovering o ro the tho greater g part o of their J loss ss before th the dull close United States Steel was a a. conspicuous lox exceptS exception Uon on allowing g more heaviness than Ulan any other I leader ca r AVI Will 11 X Legal Skill The manner In which tho securities of the th Union Pacific Pao and Southern Sou thorn Pa- Pa cHlo roads ma may bo borca rca readjusted will call for tor a a. greater degree of lc legal al skill th than n was entailed In the ha dissolution result ing ing- ingrom from rom the Northern Northe-m Securities de do- do 1 Union Pacific owns practically half hait maybe mabe a little more of Southern Pacific and tho the latter owns outright b by stock alock ownership all of the Central Pacific which Is Union Pacific's link between bel Ogden Os en and the Pacific coast Rankers flankers Interested In the thc Harriman properties an and oth other r financiers indent indent- In fled tIed with Important railroad systems 8 were Inclined to reg-ar reg regard ird 1 the supreme court decree as 1 a logical outcome o 0 othe of the Northern Securities decision These Those same Interests point to the tho Standard Oil and American n Tobacco cases however howe as aM Indicating that of the thc HarrIman linos lines need work ork no harm harem to holders of or the securities Im h. involved I |