The road-show troupe of a top Broadway show go cross-country while taking the audience along on the on-stage scenes as well as what happens and is happening back stage of the production. The spectacular dancing ensembles and colorful costumes and pulchritude on-stage offers a contrasting background to the drabness of the backstage, where joy, sorrow, tragedies, deception, and romance are intertwined.
Landladies Polly Smith and Marie Jones, who operate boardinghouses on the same side of the street, are afflicted with numerous petty envies and jealousies but nevertheless are the best of friends. Polly invests in the stock market and begins to reap rewards, but she is unable to persuade Marie to use her life's savings to buy shares of American Cheese or Brazilian Bananas. Meanwhile, Marie's daughter, Genevieve, and Polly's son, William, just back from college, fall in love; but an argument between the ladies breaks up the romance; and smarting under Polly's patronizing manner, Marie plunges into the market herself and with the winnings is able to stage a society splurge at a fashionable resort.
Two loony buddies get caught up in a Chinese revolution.
The just-out-of-college, effete son of a no-nonsense steamboat captain comes to visit his father whom he's not seen since he was a child.