Wake of the Red Witch

During the 1860s in the South Pacific, Capt. Ralls, skipper of the Red Witch, has a series of adventures involving sunken gold bullion, pearls, natives, an unscrupulous ship owner and a giant octopus.

Wake of the Red Witch is a 1949 adventure romance movie directed by Edward Ludwig, starring John Wayne, Adele Mara, Gail Russell. It holds an IMDb rating of 6.5/10 from 3,200 votes and runs 1h 46m.