Show LOSES CONTEST IN HIGHEST COURT UNION PACIFIC stockholders DENIED EXCLUSIVE PRIVILEGE OF BUYING 8 P STOCK the C case le will now go back to the disteli district t court t of utah in which the suit originated for enforcement of decree of dissolution washington the plan proposed by union pacific railroad attorneys tor for dissolving the union pacific south ern pacific railroad iby by allowing the union pacific stockholders to have the exclusive privilege of at buying the southern pacific stock owned by the union pacific railroad corporation was curtly but positively rejected monday by tho the supreme court of the united states justice day announced the conclusions of tho the corint on the plan proposed by tho the government as he delivered the opinion december 2 holding that the ownership ot at the stock by the union pacific company was a violation of the sherman antitrust anti trust law government officials who heard justlee justice day were convinced that a complete end of tho the merger must be agreed upon and that any paper di solution would lie be rejected by the court tho the court took the position that a corporation only Is another name for the stockholders and to allow the union stockholders to buy the stock now held by the union pacific railroad company the corporation of which they are the stockholders would amount to nothing effectual this action la Is regarded as a highly important precedent in antitrust anti trust litigation I 1 the caso case will now go back to tho the district court of utah in which the suit originated for that court to enforce tho the decree of dissolution directed by the supreme court |