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HOW THEY ARE RACING IN SPAIN. From an esteemed correspondent I have received a few items of news relating to the race meeting at San Sebastian. It seems that the weather has been most unpropitious. so much rain having fallen that two days racing had to be postponed on account of the condition of the course, but Mr. de-Neuter is to be congratulated on a great triumph, as he had in hand all the arrangements, from the turning of the lirst sod to the laying of the last brick, and everything has worked with machine-like smoothness. Two stables appear to have shared the principal honors between them, namely, those of J. 1. Colin and Mr. Aanderbilt. making it clear that in point of class the French horses are far superior to those of Spanish breeding, which is not to be wondered at. but no doubt there will be great improvement in the Spanish horses now that racing has taken such strong root. Upwards of two hundred horses were collected at San Sebastian, and as the two owners named above are responsible for nearly a fourth of thorn, it is not surprising that they have practically swept the board. R. Stokes, formerly a well-known light-weight jockey in England, was sent out by Ratho especially to ride for Mr. Colin, and had the good fortune to steer the winner of the Grand Prize, which has led to a permament retainer from the Anglo-French owner. Among the successful riders have been the French cracks. Stern and ONeill, and a feature of the racing was the race in which the veteran on Dacier bent his old opponent by a short head after a ding-dong linish of the good old-fashioned sort. Speculation is divided between bookmakers and the pari-mutuel. and up to date the lielders, among whom are several Englishmen, have jiad a bad time. "Vigilant," in London Sportsman.