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Show IN JUNCTION REFUSED IN ' CENTRAL , PACIFIC SUIT. NEW .YORK, . May 8.-In the action brought In the United States Circuit court by Walter Morehead and M. Emily Reynolds, Reyn-olds, -stockholders of tlie-Central Pacific Railroad Company of California, against the Southern Pacific companj, the Central Cen-tral Paciflo company,- the Central Trust company. . the United States Trust company, com-pany, the Union Trust company, Speyer & Co. and the Central Railway company, Judge rLacombe has denied -the application appli-cation of the plaintiffs for a temporary Injunction In-junction to restrain the defendants from Issuing securities against the property of the Central Pacific Railway company. ' The plaintiffs claimed that the transfer of the properties of the Central Pactfic Railroad Company of California to the Central Paciflo - Railway 'Cpmpany of Utah was illegal, and asked 'that it be declared void, alleging that the transfer was made to permit the defendants to issue is-sue bonds and securities .arainst tho assets as-sets of the Central Pacific Railroad torn- Sany in a sum greater than permitted y the laws of tho State of California, where the road is located. , ... , - |