"Monsieur Hire" is a compelling and deep character study which tells of a reclusive and peculiarly enigmatic and antisocial man, the title character, who is a suspect in a murder investigation and who obsessively watches a beautiful young woman from across his apartment courtyard. A methodically plodding, plaintive, and somber film-making masterwork, "M. Hire" offers none of the big budget bennies and cheap tinsel and titillation of the usual Hollywood fare. Likely to be a love it or hate it flick, "M. Hire" should appeal most to Europic devotees and those into psychodramas and character studies. (B+)