  It is known that the lowest propagating mode in a narrow ballistic ribbon of
graphene may lack the twofold valley degeneracy of higher modes. Depending on
the crystallographic orientation of the ribbon axis, the lowest mode mixes both
valleys or lies predominantly in a single valley (chosen by the direction of
propagation). We show, using a tight-binding model calculation, that a
nonequilibrium valley polarization can be realized in a sheet of graphene, upon
injection of current through a ballistic point contact with zigzag edges. The
polarity can be inverted by local application of a gate voltage to the point
contact region. Two valley filters in series may function as an
electrostatically controlled ``valley valve'', representing a
zero-magnetic-field counterpart to the familiar spin valve.
