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calculations, as also all those made hitherto respecting the ravages caused by locusts will turn out to have been greatly exaggerated. At all events even should this not be the case, in view of the extension of vine-culture in the other provinces, it is probable that the yield will not be less than that of the previous year. The fall in the prices of our wines, together with the attitude maintained by buyers, who are unwilling to make large purchases in hopes of a fall in rates, likewise tell against the supposition of losses having been so heavy as anticipated above. There have however been very few transactions worthy of note either in native or foreign wines although importers have shown a decided tendency co lower their rates. In the present state of the market it would be useless for us to quote prices which would be quite nominal. Arrivals in the last few weeks were small, amounting onlylto some 4000 bordalesas french wines, 2000 pipes and 1850 cuarterolas of spanish wines, and 4300 bordalesas of wine ( Véase página 46) from Italy