| Issue | #31 |
| Published | January 1951 |
| Frequency | monthly |
| Cover Price | 0.10 USD |
| Pages | 52 |
| Editing | ? |
| Notes | First “Black Mask” logo. |
| Characters | Lone Ranger; Silver (horse) |
| Synopsis | The Lone Ranger muzzles Silver with his hand as they hide behind a rock as a rustler goes by with a horse. |
| Genre | western |
| Pencils | ? (painting) |
| Inks | ? (painting) |
| Colors | ? (painting) |
| Characters | Santa Claus |
| Letters | typeset |
| Notes | Inside front cover; black and white. Illustrated promo for subscriptions to Dell’s Lone Ranger comic. Premium is Dell Comics Group Family picture. |
| Reprinted | from Lone Ranger, The (Dell, 1948 series) #30 |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | A hermit plans revenge on the townspeople by blowing up his Death's Head gold mine. |
| 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) 1941 and 1942 newspaper strips |
| Letters | typeset |
| Notes | Statement of Ownership for October 1, 1950. No circulation figures given. |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | The Drago gang ambushes a band of soldiers and maroons them on Starvation Ledge. |
| 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) 1941 newspaper strips |
| Characters | Lone Ranger; Tonto; Silver (horse); Scout (horse) |
| Synopsis | Mr. Hiram, the most important man in town, frames young Don Mead for a post office robbery. |
| 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) 1941 newspaper strips |
| Characters | War Eagle; Grey Owl |
| Synopsis | In the midst of a drought, a tribe finds the secret to using a hard yellow stone for arrowheads. |
| Genre | western |
| Pencils | Jon Small? |
| Inks | Jon Small? |
| Letters | typeset |
| Notes | Text story with two illustrations. |
| Characters | Young Hawk; Little Buck; Rippling Water |
| Synopsis | Reaching the great water to the east, Young Hawk and Little Buck rescue three Winnebago women from Hurons. Later Young Hawk kills a bear that interrupts the group's raspberry picking. |
| 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) #30 |
| Synopsis | Facts about Navaho Indians. |
| Genre | western; fact |
| Notes | inside back cover; black and white. |
| Letters | typeset |
| Notes | Inside back cover. Subscription form for Lone Ranger comics. No art. |
| Reprinted | from Lone Ranger, The (Dell, 1948 series) #18 |
| Synopsis | Portrait of unnamed Indian warrior. |
| Genre | western |
| Letters | typeset |
| Notes | Back cover. Part of a series. |