- Promoter Ann Porter (Ellen Drew) decides to start her own ice show despite the efforts of ex-racketeer Duke Baldwin (Harold Huber) who owns a rival show. Jeff Stewart (Richard Denning), a rich, suave young Broadwayite, falls in love with Ann and aids her in her fight against Baldwin.—Les Adams <longhorn1939@suddenlink.net>
- At her Middlebury, Massachusetts farm, Ann Porter receives a telegram stating that her deceased uncle Jonathan has willed his entire estate to her, and she and her aunt Nellie rush to Manhattan to collect what they assume is a fortune vast enough to save their failing farm. Instead, they discover that the whole inheritance consists of a bankrupt ice skating production starring a Czechoslovakian champion. When Jefferson "Jeff" Stewart suggests that Ann sell the show to his friend, Duke Baldwin, she is overjoyed until the show's cast tells her that Jeff works for Duke, an ex-gangster who had ruined her uncle with a competing show and a monopoly on all the ice rink venues. As the plucky players demonstrate their skills for Ann, Nellie visits the Empire State Building, where she meets an eccentric astronomer named Theophilus J. Twitchell, who promises to back the ice show as soon as he collects his fortune the next month. When Ann hears about Twitchell, she decides to bring the whole troupe to her farm to practice on her pond. That night, she surprises Jeff and Duke, who expect to seal their deal with ease, by showing up dressed as a sophisticated urbanite and telling them she will not sell the troupe. Days later, the troupe is practicing at the farm when Jeff purposefully crashes his car in front of the house so he will have to be invited in. Ann, grasping his ploy, sets both his arms in casts and then throws him out. As he wanders in the woods, Jeff meets Twitchell, who decides that Jeff, as a Scorpio, is a lucky charm and cannot leave his side. Ann reluctantly allows him to stay as a handyman, and in the following weeks, he pitches the idea of selling her show to a revue called Frozen Follies. Soon, the skaters begin to demand a good director and the store cancels their credit, but Ann impresses Jeff with her continued optimism, and they manage to stage a small show on the pond. All the neighbors love it and, thanks to Jeff's marketing skills, they earn some money. Ann forgives Jeff and they produce the Porter/Stewart Ice Extravaganza together, a big show which piques the interest of venue owner Gabby Raskoff. Duke, however, also comes to watch the show when it is finished, and when he tells Ann that Jeff has promised the show to his Frozen Follies revue, she will not believe Jeff's claim that he recently quit working for Duke because he fell in love with her. She turns to Twitchell for his backing, but he reveals that his "fortune" will come from a radio contest he hopes to win. Jeff overhears and, after quickly rigging the radio signal, announces that Twitchell has indeed won the contest, and backs the troupe himself without anyone's knowledge. When the show goes on in New York, it is a huge success and promises to puts Duke out of business. At the last minute, however, Duke announces that he had provided the show's costumes and scenery but now wants them back. Ann, Jeff, Nellie and Twitchell work frantically to prevent Duke's goons from stealing all the equipment, and after they succeed, Raskoff buys the production. Nellie then convinces Twitchell to marry her, as Jeff and Ann kiss.
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