This movie was also released under the title, "The Mad Magician".
The plot is that a cheesy magician named "Montag" performs tricks that seem to mutilate female volunteers who then mysteriously die of the very same injuries they suffered on stage. Then for no apparent reason, he steals the bodies and takes them to a mausoleum in the same cemetery...
A group of reporters and cops attempt to solve the apparent mystery. Or maybe it's all a dream... In all probability, it is an opportunity to put gross special effects on the screen when the Hayes board went away and the MPAA was still trying to figure itself out.
Of course, the special effects are so poor that they are laughable.