amount actually passed into consumption, however, is larger than the total received, as the stock previously in warehouse has been drawn down closer. This is owing to two causes-the new construction placed upon the warehousing act by the Secretary of the Treasury, whereby merchants lose the privilege of selling their goods in this market if kept in warehouse over one year-and the fact that more are required for consumption, the total receipts for the spring trade being much lighter than for last year. The following will show the comparative amount which entered into the channels of trade during the month. The item noticed as withdrawn from warehouse embraces only the withdrawals for consumption; those withdrawn for reshipment are given in the exports on another page:

IMPORTS THROWN UPON THE MArket at new YORK DURING THE MONTH OF APRIL.

It will be seen that while the amount thus passed into consumption during the month is larger than for last year, it is less than the total for April, 1850. This is chiefly owing to the fact that a considerable portion of the gold which crossed the isthmus in that year, was entered here as arriving from a foreign port, while since November 1st, 1850, it has all been classed as domestic produce, and has not been entered among the imports. The total receipts of foreign goods since January 1st are much behind the amount for the corresponding period of either of the last two years, as will be seen by the following comparison:

TOTAL IMPORTS Entered at NEW YORK FROM FOREIGN ports for FOUR MONTHS ENDING APRIL 30.

The above exhibits a decline in the imports at New York since January 1st of $7,654,228 from the corresponding period of last year, and of $1,246,053 from the amount for the previous year. Of the decline from last year, $2,939,868 were in dry goods, which have fallen off all through the month of April, being $271,295 less than for April, 1851, and $1,607,599 less than for April, 1850, as will be seen by the following comparison:

IMPORTS OF DRY GOODS AT THE PORT OF NEW YORK DURING THE MONTH OF APRIL

IMPORTS OF DRY GOODS AT THE PORT OF NEW YORK FOR THE MONTHS OF JANUARY,

Total thrown upon the market .... $22,258,386 $26,197,745 $23,257,877

Total entered at the port......... $22,398,370 $26,410,993 $22,561,973 The receipts for duties continue to show a decline from last year, although larger than for the corresponding period of 1850:

stock touched 181-the lowest point yet reached-April 16, and afterwards rising to 204 on the 22d, but again falling off to 18 April 28, and now the ruling price is 19, with a fair prospect of an advance. The Central Mortgage Bonds have been in active demand throughout the month, and sales have reached nearly 240,000, with an advance of 3 per cent. The amount sold of the fancies has been smaller than last month, excepting Reading and Canton, while other stocks will average about the same.

MANUFACTURING SHARES IN BOSTON MARKETS.

Manufacturing Stocks have made some rapid strides upward in their market value, during the months of February and April, 1852, and are every day coming more into favor with capitalists. We understand that two new mills are to be built at Lawrence the present season. The particular description of fabric to be made at these new mills has not yet become public, though it is said to be something entirely new. We give below a table showing at a glance the change that has taken place in Manufacturing Company Stocks, which, until within a few months, have been almost without quotations in the market. The par of the stocks below is $1,000 per share except those otherwise named:

More Manufacturing Stocks have been sold at the Brokers' Board within two or three months, than during six months or a year previous, and the amount of money invested in them has been large.

REVENUE OF GREAT BRITAIN IN 1851 AND 1852.

AN ABSTRACT OF THE NET PRODUCE OF THE REVENUE OF GREAT BRITAIN IN THE YEARS

ENDED 5TH OF APRIL, 1851, AND 5TH OF APRIL, 1852, SHOWING THE INCREASE OF

THE BANKS OF MASSACHUSETTS.

We are indebted to the Hon. AMASA WALKER for a copy of the first annual report of the Bank Commissioners appointed by an act of the Legislature of Massachusetts, May 8th, 1851, from which it appears that the Commissioners have, during the year, examined twenty-seven banks of discount and circulation, and the same number of institutions for savings or savings banks. The whole number of the former, now in operation in Massachusetts, is 137, and the whole number of savings banks is 49, in all 186 institutions. The present capital of banks paid in is by the thirty-two banks in Boston $24,460,000; and by one hundred and five country banks, or banks out of Boston, $18,360,000-making a total bank capital in Massachusetts of $42,820,000— being a larger banking capital than that of any other State in the Union, if we except New York. The Commissioners report :

The "general conduct and condition" of the banks examined are such that we can confidently speak of them as safe for depositors and the public, and generally profitable to stockholders. In most essential particulars, they are so managed as to promote the objects of their creation, in furnishing a sound currency, facilitating the transactions of business, and affording opportunities for investment in their stock, by corporations and individuals, with a confident reliance in their ability to afford liberal dividends of profits.

OF BANKS BORROWING FROM EACH OTHER. The practice of banks borrowing money from each other upon interest, to enable them to sustain a high loan to their customers, continues to some extent. We regard the practice as objectionable as a matter of policy, if not a violation of the statute. Banks should stand upon their own legitimate resources, and not upon artificial relief derived from a transfer of deposits from localities where, or from institutions by which, they would be more usefully dispensed for the public interest in the form of loans. The withdrawal of such deposits in peculiar exigencies, cripples the banks which had received them, and the deposits thus made, perhaps by the inducement of a liberal allowance of interest, are as likely to prove causes of weakness, as sources of strength.

BANKS DEALING IN EXCHANGE.-The profits of banking continue to be enhanced, in many of the institutions which have been examined, by dealing in exchange. By the fifty-ninth section of the thirty-sixth chapter of the Revised Statutes, banks are authorized, in discounting drafts or bills of exchange, in addition to the interest calculated according to the established rules of banking, to charge the "existing rate of exchange between the place where the draft or bill may be discounted and the place where it is payable." By the fourth section of the act of April 25, 1838, the privilege of taking the "existing rate of exchange," is extended so as to embrace notes of hand payable at any other places than where the banks are located.

There is no general rule observed in fixing the "existing rate of exchange." In some cases, the amount taken is made to depend upon the time the paper has to run; in others, it is not. An inflexible adherence to the rule of taking the same rate for short as for long paper, operates practically with great severity upon certain classes of borrowers, who have pressing necessities for applying for bank loans. It is true that the law makes no distinction between long and short paper. The "existing rates of exchange" will vary with the seasons of the year and the fluctuations of business, and of course with the remoteness of places of payment. They are made to depend quite as much upon the demand for money; until, not unfrequently, the elements of exchange are lost sight of, in the conventional rates which are arbitrarily assumed and applied.

We copy from the report the aggregates of twenty-six banks visited during 1851 by the Commissioners :

29 7-10 p. ct.

9,468,982

$2,818,540

or

Directors.

$1,511,940

1,336,934

$175,006

Liabilities.

Resources.

$6,571,506

$2,179,659

5,912,491

2,036,419

$659,015

$143,240

13 1-10 p. ct.

11 1-10 p ct. 7 per cent. The Bank Commissioners have presented the following table, exhibiting a list of those banks whose capital was increased by the Legislature during the Session of

1851

LIST OF THE BANKS TO WHICH AN INCREASE OF THEIR CAPITAL WAS GRANTED BY THE LEGISLATURE OF THE STATE OF MASSACHUSETTS, 1851.

The following table contains a list of the new banks incorporated at the last session of the General Court, and the amount of capital paid in :

LIST OF NEW BANKS CHARTERED BY THE LEGISLATURE OF MASSACHUSETTS, 1851.

The aggregate of these tables, added to the previously existing bank capital of the Commonwealth, shows, as we have before stated, the present amount of bank capital

in Massachusetts to be $42,820,000, and the number of banks to be 137.