Well, I think this is one of their all-time best. I always hesitate to give a rating, and I prefer the "up to 4-star" scale. I would give this one 3 and 1/2 stars out of 4. Or 3 1/2 "hats", which was the symbol used in the McCabe/Bann/Kilgore book.
The only weakness is that it it too similar to CHICKENS COME HOME, which was released earlier the same year. But that would really only be a problem in 1931, since the boys made re-makes and semi-remakes throughout their career.
I love the fast-speed tempo of this film. No stopping for 12 minutes to tie shoelaces or anything. No milking a gag to death. It just keeps moving forward -- this one was well planned out without too much improvising on the set, as the Skretvedt book indicates that the finished film has only minor differences from the script.
One thing I did notice on the extras on the DEFINITIVE set is that they refer to Mae Busch ("Kate") as a woman of the pavements, which I take to mean a lady of the evening, if you get my drift. Perhaps there is something in the script that was either not filmed or cut out, even though this was pre-code. There is a still with Harry Bernard as a cop, with Mae, and Ollie looking a bit embarrassed. So maybe she was a lady of the evening...however...
According to an online inflation calculator, the $100 reward that Stan gets would be $18,914.74 today! Sounds like a pretty big reward for capturing a lady of the evening. What the heck did she do, then? Murder someone?
During the ice-cream scene, Babe says that the smallest bill he has is a fiver. That's $94.57 today! Not bad for the early days of the depression. And he orders "your best" ice-cream. And he lives in a doorman building overlooking a river in what appears to be a big city. ONE GOOD TURN this is not!
It is sad to note that Linda Loredo ("Mrs. Laurel") died a full month before this film was released, at the age of 24, from complications from appendicitis.