This is Terror Tales for November 1935, cover by John Howitt. The ISFDB entry for this issue is here. I found this version of the cover at Davy Crockett’s Almanack.
Pulp Parade #15: A knife in the night
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The meaty hand holding the knife brings to mind Fear Hand™ shown in Quad on this pulp cover:
http://salmongutter.blogspot.com/2016/05/paperback-940-problem-of-wire-cage-john.html