Ups and Downs (1937) is a short film directed by Roy Mack and starring Broadway dancer Hal Le Roy. It was released by Warner Bros. as part of its Broadway Brevities series of two-reel musical shorts, released in 1937 and 1938.
The film was made in New York City, and was Bronx native June Allyson's first film for a major studio.
An elevator operator Harry Smith (Hal Le Roy), who works in a luxury hotel, courts the hotel president's daughter June Dailey (June Allyson). She is engaged to another, but when her fiancé leaves on a business trip, Harry asks her to join him for dinner.
During dinner, Harry is introduced to her father, who misinterprets Harry's remarks about elevators as being a tip to invest in the Upsadaisy Elevator Company. June's fiancé returns and breaks off the engagement, thinking that his prospective father-in-law has lost everything on a worthless stock. However, the investment turns out to be wildly profitable, Harry and June are engaged, and the film ends with them tap-dancing away in a production number dominated by a giant stock ticker machine.
Ups and Downs appears as a special feature on the 2005 DVD of the film Stage Door.