| Final Ranking | p | w | d | l | gf | ga |  | 1. Grimsby Town | 59 | 27 | 5 | 10 | 103: | 59 |  | 2. Preston North End | 52 | 23 | 6 | 13 | 71: | 52 |  | 3. Bolton Wanderers | 51 | 21 | 9 | 12 | 79: | 55 |  | 4. Brentford | 51 | 22 | 7 | 13 | 85: | 60 |  | 5. Bradford Park Avenue | 49 | 23 | 3 | 16 | 86: | 67 |  | 6. Bradford City | 46 | 20 | 6 | 16 | 73: | 67 |  | 7. West Ham United | 45 | 17 | 11 | 14 | 78: | 70 |  | 8. Port Vale | 45 | 19 | 7 | 16 | 60: | 55 |  | 9. Oldham Athletic | 44 | 17 | 10 | 15 | 72: | 60 |  | 10.Plymouth Argyle | 43 | 15 | 13 | 14 | 69: | 70 |  | 11.Blackpool | 43 | 15 | 13 | 14 | 62: | 64 |  | 12.Bury | 43 | 17 | 9 | 16 | 70: | 73 |  | 13.Burnley | 42 | 18 | 6 | 18 | 60: | 72 |  | 14.Southampton | 38 | 15 | 8 | 19 | 54: | 58 |  | 15.Hull City | 38 | 13 | 12 | 17 | 52: | 68 |  | 16.Fulham | 37 | 15 | 7 | 20 | 48: | 67 |  | 17.Nottingham Forest | 35 | 13 | 9 | 20 | 73: | 74 |  | 18.Notts County | 35 | 12 | 11 | 19 | 53: | 62 |  | 19.Swansea Town | 35 | 10 | 15 | 17 | 51: | 60 |  | 20.Manchester United | 34 | 14 | 6 | 22 | 59: | 85 |  | 21.Millwall | 33 | 11 | 11 | 20 | 39: | 68 |  | 22.Lincoln City | 26 | 9 | 8 | 25 | 44: | 75 |   
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| Grimsby Town and Preston North End were promoted to Football League 1935. |  | Lincoln City was relegated to Football League 1935 Division III North.  |  | Millwall was relegated to Football League 1935 Division III South. |   
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