Tony Martin was stranded in New York when the rodeo he was appearing in went bust. He gets a job waiting at Henry Armetta's deli/restaurant. Armetta is trying to raise money for a local club for the young people, and is given the idea of running an event. When one of the boxers can't appear, Martin steps in and gets a surprise KO of his opponent. Despite the advice of newspaperwoman Gloria Stuart, he signs a contract with Robert Allen, who builds him up for a few matches by paying off his opponents. When the crash comes, Martin is out in the cold.
There's a lot of warmth for the variety of urban people in this 20th Century-Fox B movie directed by Otto Brower. That's at least partially because Sol Wurtzel could call on a lot of talent in front of the camera, like Slim Summerville, Kane Richmond, Pedro de Cordoba, and Gino Corrado, and also behind it. It's because of that, and the solid financials of series like the Charlie Chan and Jane Withers movies, that producer Sol Wurtzel, despite his reputation as one of the worst vulgarians in Hollywood, ran such a lively B division.