Exciting Comics #49

This issue features The Black Terror in a story involving supernatural menaces and ancient conflicts. One story depicts The Black Terror confronting serpentine monsters and learning of an ancient battle between Arohitans and Venomo, with references to subterranean civilizations and shape-shifting abilities. Another story involves American military personnel during World War II discovering Japanese soldiers planning to use captured planes as weapons, leading to combat at a barracks and a sequence with mines and naval action featuring the American Eagle character.