| Issue | #40 |
| Published | October 1951 |
| Frequency | monthly |
| Cover Price | 0.10 USD |
| Pages | 52 |
| Editing | ? |
| Characters | Lone Ranger; Silver (horse) |
| Synopsis | Three outlaws pursue the Lone Ranger and Silver through a narrow canyon. |
| Genre | western |
| Pencils | Ernest Nordli (painting) (signed) |
| Inks | Ernest Nordli (painting) (signed) |
| Colors | Ernest Nordli (painting) (signed) |
| Synopsis | Facts about cowboys who do the “Night Hawk” and “Fence Rider” jobs on a cattle ranch. |
| Genre | western; fact |
| Notes | Inside front cover; black and white. |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | Dude Gorman hires gunmen to get his cattle herd to Junction City before the other ranchers. The number of cattle cars is limited, so if Gorman fills them all, the other ranchers won't be able to sell their cattle and will be forced to sell their ranches to Gorman. |
| Genre | western |
| Script | Paul S. Newman |
| Pencils | Tom Gill |
| Inks | Tom Gill |
| Notes | Script credit from Robin Snyder, taken from Paul S. Newman's personal files. |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | Lucky Kendal plans to delay construction of a railroad through Long Valley so that he can buy up the devalued railroad stock and own the company. |
| Genre | western |
| Script | Paul S. Newman |
| Pencils | Tom Gill |
| Inks | Tom Gill |
| Notes | Script credit from Robin Snyder, taken from Paul S. Newman's personal files. |
| Characters | Wolf Brother; Prairie Rose |
| Synopsis | Wolf Brother and Prairie Rose fight a grizzly bear. |
| Genre | western |
| Script | Gaylord DuBois |
| Pencils | Jon Small |
| Inks | Jon Small |
| Letters | typeset |
| Notes | Text story with two illustrations. Fourth in a continuing storyline. Script credit from Robin Snyder, taken from Gaylord DuBois’ personal records. |
| Characters | Young Hawk; Little Buck; High Cloud |
| Synopsis | Young Hawk invents an outrigger pontoon for his canoe so that it won't upset. |
| Genre | western |
| Script | Gaylord DuBois |
| Pencils | Jon Small |
| Inks | Jon Small |
| Notes | Part of a continuing storyline. Script credit from Robin Snyder, taken from Gaylord DuBois' personal records. |
| Letters | typeset |
| Notes | Subscription form for Lone Ranger comics. No art. |
| Reprinted | from Lone Ranger, The (Dell, 1948 series) #17 |
| Characters | Lone Ranger |
| Letters | typeset |
| Notes | Inside back cover; black and white. Promo for subscriptions to the Dell Lone Ranger Comic. Premium is five free Lone Ranger pictures. |
| Reprinted | in Lone Ranger, The (Dell, 1948 series) #41; in Lone Ranger, The (Dell, 1948 series) #44; in Lone Ranger, The (Dell, 1948 series) #45 |
| Genre | animal; fact |
| Pencils | American Museum of Natural History, N.Y. (photograph) |
| Inks | American Museum of Natural History, N.Y. (photograph) |
| Colors | American Museum of Natural History, N.Y. (photograph) |
| Letters | typeset |
| Notes | Back cover. Color photograph of a Grant Caribou diorama “courtesy of the American Museum of Natural History, N.Y.” with a few lines of text below. |
| Reprinted | in Lone Ranger, The (Gold Key, 1964 series) #3 |