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Chicago, Thursday, July 31.
The Times has a special despatch, dated Memphis, 28th instant, which says: “Late advices from the South by rebel sources are important. Ten iron-clad gunboats, built in England, and fully equipped, have arrived off Mobile harbor, and three more are on their way. These constitute a fleet ordered by the Southern Confederacy, and purchased in Europe. They mount from ten to thirty guns each, and are said to be mailed with six-inch iron. The blockade was run openly by the dint of superior strength and weight of metal. Mobile is now considered open to the commerce of the world, with the support of the newly-acquired power.”

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