More explicitly sexual, but not nearly as tense or suspenseful as the Huston version. Bebe Daniels and the supporting players all deliver fine performances, but the Cortez/Del Ruth interpretation of Sam Spade is just so different from the Bogart/Huston version that three viewings later I still can't wrap my head around it. Worth seeing, though, as an historical artifact of film's early talky years and an example of how the same material can be be interpreted with such different results.