Shipping magnate Cyrus Wentworth, downcast over a disaster to his ocean liner 'Wentworth Castle' (carrying, oddly enough, an illicit shipment of Chinese bonds) is shot in his office at the very moment of kicking out his daughter's fiance Dick Fleming. Of course, Captain Street arrests Dick, but reporter Bobbie Logan, the attractive thorn in Street's side, is so convinced he's wrong that she enlists the help of detective James Lee Wong to find the real killer.

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