Show r Panama Road Independent S rr New York Nov 2iAn official of the Panama Railroad company Is quoted tc today as gay In a that oertures for a 5 ling renewal of the contracts belwcon the thin fin Panama company and the Pacific Mall 1 Steamship company which expire on tthrt Uecamber IGth must come fiom the l latter concern The Panama company in s has made propositions concerning the ta renewal of the contracts on different C terms from those In force now and is I a not disposed to alter noR 0 them If not accepted ¬ T L ac-cepted the Panama company will make provisions to run Us own line of steam uhlps on the Pacific coast to San Francisco Fran-cisco and other Northern points |