I had no idea this curio even existed--I found it while looking for the 1933 version. It's not bad for an independent production of its era. The performances and costumes are fair enough, on the level of a decent stage production for children, even if most of the actors don't address their dialogue to each other--they stare straight forward while speaking, as if reading their lines off cue cards. The sets reveal the limited budgetary means, which of course counts in a fantasy like this--Wonderland feels no more surreal or magical than any random assortment of recycled theatrical backdrops and props.
Things start shockingly with an original Irving Berlin song (the film was shot in New York, and must have exploited some Broadway ties), but that opening-credits tune is the first and last we hear. Tonally, it does have more of Carroll's tart absurdism than many subsequent screen interpretations. However, the pedestrian execution makes it less than persuasive as entertainment either for kids or for adults.
As others have said, this Alice looks too old, but otherwise she's perfectly all right. She went onto a long career mostly on stage (including several premiere Eugene O'Neill productions) and in early television. This movie doesn't really work, but as a whimsical misfire it's not really any worse than Paramount's big-budget, starry "Alice" a couple years later. And it's short enough to satisfy your curiosity without turning into a real slog. Yes, it's "stagy," but no more so than most movies that came out in 1931.
