| Issue | #48 |
| Published | October 1940 |
| Frequency | monthly |
| Cover Price | 0.10 USD |
| Pages | 68 |
| Editing | ? |
| Characters | Phantasmo |
| Genre | Superhero |
| Pencils | E. C. Stoner (signed) |
| Inks | E. C. Stoner (signed) |
| Letters | typeset |
| Notes | Phantasmo's entire body on the cover is flesh-colored, making it appear that he is nude. |
| Characters | Dick Tracy |
| Pencils | Chester Gould; ? |
| Inks | Chester Gould; ? |
| Letters | typeset |
| Notes | Inside front cover; black, red, and white. Promo for Dick Tracy Four Color (Dell, 1939 series) #8. Interior panel and cover are depicted. |
| Characters | Phantasmo; Whizzer McGee |
| Genre | Superhero |
| Pencils | E. C. Stoner (signed) |
| Inks | E. C. Stoner (signed) |
| Notes | original Dell hero |
| Characters | The Black Knight |
| Genre | period; adventure |
| Notes | Part of a continuing story. |
| Characters | Mr. District Attorney |
| Synopsis | Mr. District Attorney breaks up an espionage ring. |
| Genre | detective |
| Pencils | ? [as EAP] (signed) |
| Inks | ? [as EAP] (signed) |
| Notes | Signed "EAP" in next-to-last panel. |
| Characters | The Voice |
| Notes | Promo for "The Voice, the Invisible Detective" feature in Popular Comics featuring part of a page from a story. Promo takes up bottom third of page and left two-thirds of top of page. |
| Letters | typeset |
| Notes | Classified ads for postage stamps. Section occupies right one-third of top two-thirds of the page. |
| Letters | typeset |
| Notes | Contest in which the parts of a drawing have to be cut out and pasted together. The completed drawing is then sent in to enter the Dell Publishing Contest. Two first prizes of one boys' and one girls' Rollfast bicycles. Winners of the contest in War Comics #3 are also announced: Jane Cooper, Jacksonville, Fla., and Bobby Emery Wessick, Watertown, Mass. |
| Characters | Rex; Tim |
| Synopsis | Rex and his submarine crew battle a band of "Fifth Columnists." |
| Genre | Adventure |
| Pencils | Alden McWilliams [as A. McWilliams] (signed) |
| Inks | Alden McWilliams [as A. McWilliams] (signed) |
| Genre | adventure |
| Script | Vic Bloom (credited) |
| Pencils | Bob Hebberd [as Hebb] (signed) |
| Inks | Bob Hebberd [as Hebb] (signed) |
| Notes | Signed "Hebb" in a circle in fifth panel on last page. Art credit from Who's Who in American Comic Books 1928-1999. |
| Genre | adventure; aviation |
| Pencils | Bob Jenney [as R.L.J.] (signed) |
| Inks | Bob Jenney [as R.L.J.] (signed) |
| Notes | Initialed "R. L. J." on bottom of next-to-last page. Art credit from Who's Who in American Comic Books 1928-1999. |
| Characters | John Carter; Tars Tarkas; Dejah Thoris |
| Genre | Science Fiction |
| Pencils | John Coleman Burroughs (credited) |
| Inks | John Coleman Burroughs (credited) |
| Letters | typeset |
| Notes | Text story with one illustration. |
| Characters | Captain Easy; Wash Tubbs; Mary Lancaster |
| Genre | adventure |
| Script | Roy Crane (credited) |
| Pencils | Roy Crane (credited) |
| Inks | Roy Crane (credited) |
| Notes | Dialogue is re-lettered. First part of a continued story. |
| Reprinted | from Captain Easy Soldier of Fortune (NEA Service) Sunday newspaper reprints from 1939.09.24 - 1939.10.29 |
| Letters | typeset |
| Notes | Inside back cover; black, red, and white. Illustrated ad for novelties from Johnson Smith & Co., Detroit, Mich. |
| Characters | Red Ryder; Little Beaver (cameo) |
| Pencils | Fred Harman (signed); ? (additional art) |
| Inks | Fred Harman (signed); ? (additional art) |
| Letters | typeset |
| Notes | Back cover. Illustrated ad for Daisy 1000-shot Red Ryder Cowboy Carbine for $2.95. Several headshots of Red Ryder, one of Red Ryder on horseback, and small full-figure of Little Beaver. Daisy Manufacturing Co., Plymouth, Mich. |