PREFERRED STOCK VALUATION IN RECAPITALIZATIONS.

The article focuses on various issues related to the valuation of the preferred stocks and bonds of corporations being reorganized under the U.S. Bankruptcy Act. The author states that the two basic principles given by the regulatory commission and the courts to reorganization plans are the valuation of the basis of capitalized expectable earnings and distribution of the over-all value. The article also discusses voluntary recapitalizations, public utility holding company act simplifications, and the principle of valuation. Several tables are presented to help illustrate the study.