An outlaw gang is trying to stop the reopening of a mine as they look for the money left there by the famous outlaw Dusty Morton. After a ten year absence, Morton has apparently reappeared and Steve arrives looking for him. He finds his son who also wonders if his father is still alive. With the gang soon after him, the Durango Kid goes into action and Steve tries to learn who the real Dusty Morgan is.

Detective Chick Carter (Lyle Talbot)finds himself on his most exciting case when Sherry Martin (Julie Gibson), a singer at the Century Club, reports the robbery of the famous Blue Diamond, owned by Joe Carney (Charles King), the owner of the nightclub.

"The Adventures of Sir Galahad" is the 41st serial released in 1949 by Columbia Pictures. It was was based on Arthurian myth and legend. Galahad is tasked with guarding Excalibur over night to prove he is worthy to become a Knight of the Round Table. When the sword is stolen, he must search the land to reclaim Excalibur and restore his owner.