Previously filmed in 1923, Avery Hopwood's 1920 comedy The Gold Diggers was resurrected in 1929 as the Technicolor musical Gold Diggers of Broadway. Nancy Welford, Winnie Lightner and Ann Pennington stars as Jerry, Mable and Ann, three chorus girls who try to entice a wealthy backer to put his money in their cash-poor Broadway show. Stuffy Stephen Lee (Conway Tearle) shows up to rescue his brother Wally (William Bakewell) from the heroine's clutches, only to succumb to the girls' charms himself. According to contemporary reviews, the show was stolen by Winnie Lightner as the brassiest of the three gold-diggers, and by crooner Nick Lucas, performing his signature tune Tiptoe Through the Tulips. The other big number from the film, Painting the Clouds with Sunshine, served as the title for the 1951 remake of Gold Diggers of Broadway, which in the interim had been filmed as the more famous Gold Diggers of 1933.
by Hal Erickson synopsis