Your clutch cable sounds like it's in the right spot then. Speedo cable comes out HIGHER and to the left (towards center of car) of the clutch cable. Sounds like someone moved it on ya. Look at this pic (MY GAWD was my engine compartment UGLY back then! YUK!)
Anyways, the BLUE cable is the clutch. Black is the throttle cable, and the Gray one is the speedo. Throttle & Speedo come out on the flattened spot that starts the tranny tunnel.
