Show LOSES CONTEST IN QT C UNION PACIFIC stockholders DENIED EXCLUSIVE PRIVILEGE L EGE OF BUYING S P STOCK the cae case will now go back sack to the 08 district court of utah in which the suit originated for enforcement effo cament of decree of dissolution wa washington sh ington the plan proposed by union iacino railroad attorneys for dissolving the union south ern pacific railroad ly allowing tho the union pacific stockholders to havo have tho the exclusive privilege of buying tho the southern pacific stock owned by tho the union pacific railroad corporation was as curti but positively rejected mond monday by tho the supreme court of tho the united states justice day announced the conclusions of the court on the plan pro posed by the government as he delivered the opinion december 2 hold ing that the oNner ownership ship of the stock by tho the union pacific was as a violation of the sh sherman erman anti trust law government officials aho ho hoard heard just ice day were convinced that a complete completo end of the merger must bo agreed upon and that any paper would lc be rejected by the court tho the court took the position that a only Is another name for the stockholders and to allow alloa the union pacific stockholders to buy the stock now held hold b the union pacific Hall road company compan the corporation or of which they aro are the stockholders would amount to nothing effectual TIN action la Is regarded as a highby important precedent in antitrust litt gatlon the case mill now go back to the district court of utah in which the sul orbina ted for that court to en foie the decree ol 01 0 dissolution direct ed ea by the supreme court |