| Issue | #32 |
| Published | February 1951 |
| Frequency | monthly |
| Cover Price | 0.10 USD |
| Pages | 52 |
| Editing | ? |
| Characters | Lone Ranger; Tonto |
| Synopsis | The Lone Ranger and Tonto shoot rapids in a canoe. |
| Genre | western |
| Pencils | ? (painting) |
| Inks | ? (painting) |
| Colors | ? (painting) |
| Synopsis | Facts about Indian warriors’ custom of “Counting Coup.” |
| Genre | western; fact |
| Pencils | Al McWilliams (signed) |
| Inks | Al McWilliams (signed) |
| Letters | Al McWilliams? |
| Notes | Inside front cover; black and white. Half art, half text. |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | The Lone Ranger must find Washoe, a one-eyed outlaw, and his gang who raided an Indian village or there will be a massive Indian uprising. |
| Genre | western |
| Script | Fran Striker |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | Three tiers of panels per page. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1942 and 1943 newspaper strips |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | The owner of the Roaring Creek copper mine is murdered and his daughter threatened by Magdore and his gang, who want the mine for themselves. |
| Genre | western |
| Script | Fran Striker |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | Three tiers of panels per page. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1942 or 1943 newspaper strips |
| Characters | Big Elk |
| Synopsis | Trapper Big Elk's dog fights a wolverine. |
| Genre | western |
| Pencils | Al McWilliams [as AM] ? |
| Inks | Al McWilliams [as AM] ? |
| Letters | typeset |
| Notes | Text story with two illustrations. First illustration has initials "AM" hidden in drawing. |
| Characters | Young Hawk; Little Buck; Rippling Water; Owl Woman |
| Synopsis | Young Hawk and Little Buck go to the Winnebago village, where Young Hawk is initiated into the Bear Clan. In the morning fog, Hurons attack and Young Hawk must rescue the girl Rippling Water. |
| Genre | western |
| Script | Gaylord DuBois |
| 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) #33; in Lone Ranger, The (Dell, 1948 series) #34 |
| Synopsis | Portrait of unnamed Indian warrior. |
| Genre | western |
| Letters | typeset |
| Notes | Back cover |