Olive Oyl, the “proprietress” of Ye Blacksmith Shoppe, fires blacksmith Wimpy when he is (surprise!) more concerned with his hamburger-eating than his horse-shoeing. So Olive puts out a sign to get a new blacksmith — “Must Be Strong! Handsome! Willing!” Well, here come Popeye and Bluto — two out of three’s not bad.
Olive can’t decide which man to choose, so she tells them, “Show me what you can do.” She’s lucky she has a shop left by cartoon’s end.
This one’s cute enough but still comes off like a template for the more routine Popeyes of the 1950’s and after: Popeye and Bluto have an I-can-do-it-better-than-you contest, Popeye wins, Bluto unloads a can of whup-a** on Popeye, the spinach comes out, blah blah blah. The only thing that saves this one from formula is some of the individual gags and the animated expressions (gotta love those horses getting shoed in two seconds flat).
On a rating scale of 1 to 4 spinach cans, I give this cartoon: 
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