(Sauk City, WI: Arkham House, 1948. First edition. The first four issues of this short-lived quarterly which ran to only eight issues in all. Each issue contains material by and about Lovecraft and multiple offerings from Derleth. Also includes Clark Ashton Smith, Lord Dunsany, Robert Bloch, Leah Bodine Drake, et al. Uniformly bound in various colored stapled paperwraps measuring approximately 6 x 9" (first two issues slightly taller than other two). About very good with some chipping and wear to covers, most significantly on spines, but internally bright and clean.