Otherwise an unremarkable season, the club limped to 17th in the league and exited the FA Cup in the Third Round, whilst rivals Stoke City were promoted as champions.

The pre-season worries over the Great Depression saw ticket prices reduced, as The Old Recreation Ground's capacity was increased, and a radio-gramophone broadcaster with four loudspeakers was installed.

[1] New signings included Bradford Park Avenue outside-left Bob Morton and Cardiff City left-half Jimmy McGrath.

[1] Shenton twisted his knee in the latter match, and the list of injuries began to mount, Littlewood also requiring an operation to repair cartilage damage.

[1] The final game of the season was a 6–1 beating at Blundell Park by Grimsby Town, though by this time their survival in the division was already ensured.

[1] Another clear-out of players took place: with Billy Easton, Louis Page, Stewart Littlewood, Tom Tippett, Wilf Kirkham, Jock Leckie, and Ben Davies all leaving on free transfers.