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You can't look at this movie and compare to the blockbusters, but as a
B flick it's pretty good, even up at the top (in my mind). The story of
the ghost is told in flashbacks and through a séance. The acting is
pretty good, though the stars are not memorable. It's almost like
watching an old TV show, though I more liken it to "The Woman Who Came
Back" (1945). Someone just wrote a nice little mystery with some
adequately spooky moments, and that is about all there is to it.
It starts out with a couple trying to buy an older steamboat. The man selling it to them warns them of its haunting. You see moments of the inquiry and story that led to the haunting, but it is not until the séance that you start to get a clue as to what caused the haunting.
This movie has nothing to do with movies of the same title, one from the forties and one from a few years ago.