Show LOSES CONTEST IN HIGI M IEST COURT UNION PACIFIC stockholders DENIED EXCLUSIVE PRIVILEGE OF BUYING 8 P STOCK th the cao case will now go back to the district court of utah in which the suit originated for enforcement of decree of dissolution Ston the proposed b bv union pacific railroad attorney attorneys for dissolving the union pacific south era ern pacific railroad toy by allowing the union pacific to have abo exclusive privilege of buying the tion southern thern pacific block stock owned by the union pacific railroad corporation was curtly but positively rejected monday by the supreme court of the united states justice day announced the alone of the court on the plan proposed by the government as he delivered iverd the opinion december 2 hold ing ing that tat the ov ownership of the stock by the union pacific company was a violation of the sherman ant anti trust law government officials who heard just ice day were convil convinced iced that a complete end of the merger must be 1187 agreed eed up upon and nd that any paper di solution would be rejected by the court the court took the position that a it corporation only s another name for the stockholders and to allow the union pacific stockholders to buy the lock stock now held by the union pacific railroad company the corporation of which they are the stockholders would amount to nothing effectual this thin action Is regarded as a highly important pr predent in antitrust anti trust alti gallon the case will now go back to the district court of utah in which the ault suit originated for that court to enforce the decree of disio lutton directed by the supreme court |