This is an absorbing, intelligent picture, bolstered by sensitive performances and adept handling of an adult story. Its fundamentals may be overly familiar, and perhaps a bit too much plot gets in the way of believable, touching characterizations. But you will care about the main characters, whose weaknesses and oversights lead them to the brink of ruin - even if (in a questionable decision by the film makers) they are given the trappings of art deco luxuries, instead of being brought closer to a lifestyle familiar to the audience.
Powell and Loy, alone and together, are fine, as always. Credit Isabel Jewell with a low-key, yet emotionally-charged performance. Jessie Ralph is excellent is one extended scene in which she babbles and equivocates as the tension builds to a quiet frenzy. Una Merkel softens her familiar screen mannerisms to play the character, rather than vice versa.
Not a well-known film, "Evelyn Prentice" is most definitely worth your while.