| Issue | #37 |
| Published | July 1951 |
| Frequency | monthly |
| Cover Price | 0.10 USD |
| Pages | 52 |
| Editing | ? |
| Characters | Lone Ranger; Tonto |
| Synopsis | The Lone Ranger and Tonto make their way through a cave. |
| Genre | western |
| Pencils | Ernest Nordli? (painting) |
| Inks | Ernest Nordli? (painting) |
| Colors | Ernest Nordli? (painting) |
| Notes | First cover with all-blue outfit from the television series. |
| Synopsis | Facts about cowboy boots. |
| Genre | western; fact |
| Pencils | Till Goodan (signed) |
| Inks | Till Goodan (signed) |
| Letters | Till Goodan? |
| Notes | Inside front cover; black and white. Half-art, half-text. |
| Reprinted | in Lone Ranger, The (Gold Key, 1964 series) #4 |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | Bolo Sherman's father cheats at poker and is killed by one of the men he cheated. He moves to a different town and needs the Lone Ranger's help to keep a thug from forcing his sweetheart's father to buy crooked gambling equipment. |
| Genre | western |
| Script | Fran Striker? |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | First interior story where the Lone Ranger's outfit is colored all-blue. In earlier issues he had a red shirt and blue pants. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1946 newspaper strips |
| Characters | Lone Ranger; Tonto; Dan Reid; Silver (horse); Scout (horse); Victor (horse) |
| Synopsis | Duped settlers take out 60-day mortgages to buy stock in a fake gold mine, and lose their property when they can't pay the mortgage. |
| Genre | western |
| Script | Fran Striker? |
| Pencils | Charles Flanders |
| Inks | Charles Flanders |
| Notes | Lone Ranger's outfit is colored all-blue. |
| Reprinted | from The Lone Ranger (King Features Syndicate) 1943 newspaper strips |
| Characters | Wolf Brother (intro) |
| Synopsis | Pawnee Wolf Brother finds an Arikara maiden in the ruins of a camp raided by the Hidatsas. |
| Genre | western |
| Script | Gaylord DuBois |
| Pencils | Jon Small |
| Inks | Jon Small |
| Letters | typeset |
| Notes | Text story with three illustrations; first 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 and Little Buck return from a hunting trip to find their captive Black Dog has been killed when he stole a canoe from an old Natchez Indian named High Cloud. They travel to the Natchez "City of the Sun" where they gain supplies and leave with High Cloud to go to the sea. |
| Genre | western |
| Script | Gaylord DuBois |
| Pencils | Jon Small |
| Inks | Jon Small |
| Notes | Part of a continuing storyline. |
| Letters | typeset |
| Notes | Subscription form for Lone Ranger comics. No art. |
| Reprinted | from Lone Ranger, The (Dell, 1948 series) #17 |
| Characters | Lone Ranger; Tonto (cameo) |
| 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 | from Lone Ranger, The (Dell, 1948 series) #35 |
| 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. Horizontal color photograph of a white mountain sheep diorama “courtesy of the American Museum of Natural History, N.Y.” with a few lines of text below. |