February 6, 1847
The country grain markets continue to decline. The reports today from Limerick, Clonmetl, Waterford, Derry, and Belfast, are all in favour of the consumer, and, from the immense importations of breadstuffs and other provisions into the Irish ports, it is to be hoped that prices will be kept to their average level, and that the gloomy predictions of a reaction in favour of the speculators will be falsified. The following gratifying announcement appeared int he Belfast Chronicle of yesterday:
"The import of breadstuffs and provisions generally into Belfast has been ona very extensive scale during the last ten days. Almost every steamer which arrives from Liverpool, Glasgow or Adrossen brings, as the most important portion of her cargo, Indian corn and meal, peas and flour; and, in addition to our regular traders, we had on Sunday two other steamers of large tonnage, the Princess Royal and Town of Drogheda, which disembarked a great bulk of provisions. Donegal quay was literally a curiosity on Monday -- from the water's edge all across to the stores it was densely covered with bags of Indian corn, sacks of peas, and barrels of flour, and the passenger could with difficulty make his way through the narrow passes and labyrinthine windings of this accumulation of good things. In addition to these arrivals coastwise, immense quantities are being daily landed from foreign ports, the latest of these being the Chusan, from New Orleans, with nearly 9000 bushels of Indian corn, arrived here on Monday and a number of other vessels from Philadelphia, Nantes, Venice, St. Michael's, & c. More are expected, and as a considerable reaction has already taken place in the markets, we think it highly improbably that prices of grain will tend yet lower."