Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1864-05-26
From thu London Daily News, April Z.
= A Eloeks DIS Hupniag Company.


Some attention has been directed during the last few
days to the rumored fo nation Of company, having
for its object 10 facilitate blockade running ia the Con
edera'e ports. copy of the prospectus has come in
to hands, ard it is sufficiently curious to Call for
publication 1t is said that of the present proposed
capital of G20O 00O, certain firms or parties have put
down their for half, but it is questionable
whether any Importance can be attached to statements
of this nature, seeing that doubtless from prudential
motivesnot single name is attached to the prospec-
Jus, and that the Germany abstains from stating
publicly where its Office 49,
ATLANTIC TRADING COMPANY (LrM1rED. )-Capital
9200,00O in elO00 shares, with power Of increasing
to 5000 900 stering.-Prospect,S The Atlantic
Trading Company Omited) has been formed for The
purchase of first class paddle wheel of light
draught great speed and al average capacity Of 500
bales of cotton which form the basis of the buiness to
be transacted. It is intended to employ the steamers in
the Confederate States and participating in the large
profits attendant this business The practical eXpe
rence 10 the trade oyed by the promoters, affords
guarantee Of success and they enabled to offer the
additional advantage of trading with open ports where
full supply OF the finer descriptions Of cotton ia OBJ
ranabe Tor which the light draught of the steamer is
peculiarly edaped. Arrangements are being perfected
with q. j, McRae, q, agent of the Confederate
States, to carry ID Del chaud e. aud to bring out on
the voyage full cargoes OF Gotten 10 exchange
for suppl es, TOR Confederate States Cotton Loan
he first will be dispatched in AuriI, the cond
and third in May, the fourth 10 June, aud the fifth in
July. The ,sses in the hands Of builders OF cele
0rlty The materials vi the best deS pl0n with all lite
| uodern improvements IN the machinery and boiler
which experience sugges's, with guaranteed spard
loaded OF IL statuto mics per hour
The following sketch OF account shows the aUlou b
Of capital required and plohaoi1 'esui '~''--
| Five paddle S Gamers, Gl25 Geo, QUIZ :, e. . 0C0
appropriation Tor pn'c as Vi Colon loon II az
| (ald) merrhaod z2, e4O,OO0; 81 We'd or add
| steamers, 925 600. TIA, 92O0 900 4 sn's l."
succ5s ,ful rl,.s, 5000 oAeo Oil cOtO, 450 pounds
each, sold in L Vrrpool t" nat e pei 10 trte Of nj,
charges and COMMISSIONS, 9360 600 heght .rord b.
steamers betwetn neutral pJr "nd N0uts derac2 ga
$4,000 per voyage, 950O 600 94l6 600; les work.
| xpcnses between Heu r4I port AMI COne,,racy EDO
| OOO 1o,a, $3.50 0000 A owing as aopve 70 0 .
~ ssiu Irps OF eacl Vessel, the Or us rtaz
81 will amount to ESQ 600.
This calculation, however, may be considered th'
! least favorable one that sGoud be taken. The ne 0
vessels OF the class to De employ by the company
DC computed as WORTH five Trip. with the foil"
ing result 20 600 0aiss c1O0, net 10 Liverpool
100000 freight earned raj LJJrs 49,
Contederacy, 9l20 600 less WORKING expeoees tiv
steamers, each five trips, be- ween Den'r | gu
Coniederacy, twenty five trips, at 93 0OO, Els 900
cost OF steamers cuff, mercnandlze, cotton loan, &c
100000 profit, 100000