This issue is a variant of The Lone Ranger (Dell, 1948 series) #37.
First cover with all-blue outfit. The change took place because the immensely popular T.V. show, featuring Clayton Moore, portrayed The Lone Ranger wearing a blue shirt. The SCOOP website reports "Noted collector Harry Thomas of Sweetwater, TN, however, has pointed out that there are still a precious few issues of The Lone Ranger #37 that may've gotten printed in the transition still feature him in a red shirt. As you can imagine, these are incredibly rare and valuable collector's items!"
Inside front cover; black and white. Half-art, half-text.
First interior story where the Lone Ranger's outfit is colored all-blue. In earlier issues he had a red shirt and blue pants.
Lone Ranger's outfit is colored all-blue.
Text story with three illustrations; first in a continuing storyline. Script credit from Robin Snyder, taken from Gaylord Du Bois’ personal records.
Part of a continuing storyline.
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.