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he Monitor. One of which exploded directly over her. The Monitor moved steadily forward, occasionally firing and receiving shells and shot from the rebel batteries with parfect indifference. Two o'clock P. M.--During the past hour there has been but little if any change in the progress of the bombardment. The Monitor has fullen back and lays alongside of the Susquenanna, probably for the purpose of communicating with her. The Naugatuck, in the meantime, has been throwing shells into Pig Point, and the fleet have also thrown's a number of shells in the same direction. Quarter past Two O'clock P. M.--The Monitor and Dacotah are moving along again slowly up the mouth of the Elizabeth river. A dense black smoke has commenced to rise from Sewell's Point, indicating that our incendiary shells thrown there have fired the barracks. The Dacotah continues to throw her shells directly into the Point, the explosions of which can be distinctly seen. The splash shells from the Point