- Paper: Off white
- Front cover detached 15%. Water damage: Slight. Staple rust: Slight.
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Vol. 3, No. 1 - March 1940. Cover by Manuel Isip (incorrectly credited inside to Cartier). Stories: "The Reign of Wizardry" (Serial) by Jack Williamson. "On the Knees of the Gods" (Serial) by J. Allan Dunn, "The Black Farm" by H. W. Guernsey, "Philtered Power" by Malcom Jacobson, "The Living Ghost" by E. A. Grosser, "Gateway" by Robert Arthur, and "Derm Fool" by Theodore Sturgeon. Illustrations by Edd Cartier, Manuel Isip, Frank Kramer, Paul Orban, W. A. Koll. 6 1/2-in x 9-in, 162 Pages, B&W.
Cover price $0.20.