Box office The film earned $1,449,000 in the US and Canada and $461,000 elsewhere, recording a loss of $565,000.
Critical Variety wrote: "It carries femme intevest and has other recommendations to point it for geod returns. The polished production supervision has been carefully handled by Edwin H. Knopf to give it the expected Metro gloss, and performances are of top calibre. Script, however, makes an even more shallow exploration of the passing of a colorful era than did the John P. Marquand novel on which it is based. It's a boy meets girl story, backgrounded against the period from the early '30s into the war years. To catch the distaff eye, Barbara Stanwyck has been stunningly gowned and beautifully photographed. The art direction and set decorations add to elaborateness of production."
The Monthly Film Bulletin wrote: "Apart from a surprisingly banal ending this film will be enjoyed by most people. Barbara Stanwyck and Van Heflin are adequate as the two young lovers who cannot understand each other, but Charles Coburn's study of the shrewd yet kind-hearted millionaire father overshadows the rest of the cast."
Boxoffice wrote: "Best-selling literature has been the source of a goodly percentage of the more noteworthy features emanating from mighty Leo during recent months (
Green Dolphin Street,
Cass Timberlane). The filmization of J. P. Marquand's provocative novel has all the requisites to join and add grace to that growing parade. Furthermore, it rates such distinguished company as concerns both its productional merits and its profit potentialities. Performances are as thoroughly ingratiating and convincing as patrons will expect from the carefully-selected, star-festooned cast ... Also rating a passing plaudit is the adroit, offensive-to-none manner in which the film handles the sociological problems. A solid credit for Producer
Edwin Knopf, the stars and Director Robert Z. Leonard." ==Radio adaptation==