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Racketeer Larry Fay (Sam Levene) gains control of New York's dairy industry, forcing the price of milk to an astronomical (for 1933) price of 13 cents a quart. Hoping to put Fay out of business, Elliot Ness (Robert Stack) appeals to the better nature of singer Sally Kansas (Claire Trevor), star attraction of Fay's popular nightclub (Sally is a thinly disguised caricature of real-life entertainment Texas Guinan, of "Hello, suckers!" fame ). Though she has managed to steer clear of her boss' criminal activities, Sally isn't about to bite the hand that feeds her--until Larry goes one step too far and orders the murder of Sally's kid brother Tommy (Tommy Cook).