It was one of the earliest competitors to Weird Tales, the first magazine to specialize in the fantasy and occult fiction genre.

Ghost Stories also had original and reprinted contributions, including works by Robert E. Howard, Carl Jacobi, and Frank Belknap Long.

Among the reprints were Agatha Christie's "The Last Seance" (with the title "The Woman Who Stole a Ghost"), several stories by H. G. Wells, and Charles Dickens's "The Signal-Man".

Hersey was unable to reverse the magazine's decline, and publication of Ghost Stories ceased in early 1932.

[1] Ghost Stories, which was launched by Bernarr Macfadden in July 1926, is one of Weird Tales' earliest competitors.

Ghost Stories occasionally printed contributions from outside writers, including "The Apparition in the Prize Ring", by Robert E. Howard, under the pseudonym "John Taverel".

The editorial director of Constructive Publishing during MacFadden's ownership was Fulton Oursler; his assistants, Harry A. Keller, W. Adolphe Roberts, George Bond, Daniel Wheeler, and Arthur B. Howland, each (in that order) spent close to a year editing, though the dates of transition between them are not known.