A gang of unemployed itinerant musicians play in the south of Stockholm. Then they get the chance to be an orchestra in a dance restaurant. It goes well until the female owner falls in love with one of them.
Julius Berge has an advertising firm in Stockholm together with his wife Sonja. The man with the ideas is their colleague Kurt Dal, who used to be engaged to Sonja.
Bullfighter Juan Gallardo falls for socialite Dona Sol, turning from the faithful Carmen who nevertheless stands by her man as he continues to face real danger in the bullring.
Serials usually spawned feature film versions, but with this film, it was the other way around. A 1932 Buck Jones Western, White Eagle was made into a serial nine years later, again starring Jones in the title role, a (supposedly) Native American Pony Express Rider defending his people against a gang of evil Whites.