| Pos | Team | P | W | D | L | F | A | GA | Pts |
|---|---|---|---|---|---|---|---|---|---|
| 1st | Derby County (C) | 38 | 23 | 7 | 8 | 71 | 33 | 2.152 | 53 |
| 2nd | Preston North End (P) | 38 | 20 | 10 | 8 | 61 | 42 | 1.452 | 50 |
| 3rd | Barnsley | 38 | 22 | 3 | 13 | 51 | 51 | 1.000 | 47 |
| 4th | Wolverhampton Wanderers | 38 | 19 | 7 | 12 | 77 | 52 | 1.481 | 45 |
| 5th | Arsenal (P) | 38 | 19 | 5 | 14 | 69 | 41 | 1.653 | 43 |
| 6th | Birmingaham | 38 | 17 | 9 | 12 | 62 | 39 | 1.590 | 43 |
| 7th | Hull City | 38 | 19 | 5 | 14 | 65 | 54 | 1.204 | 43 |
| 8th | Huddersfield Town | 38 | 17 | 8 | 13 | 61 | 42 | 1.452 | 42 |
| 9th | Clapton Orient | 38 | 16 | 9 | 13 | 50 | 48 | 1.042 | 41 |
| 10th | Blackpool | 38 | 17 | 5 | 16 | 58 | 57 | 1.018 | 39 |
| 11th | Bury | 38 | 15 | 8 | 15 | 61 | 56 | 1.089 | 38 |
| 12th | Fulham | 38 | 15 | 7 | 16 | 53 | 47 | 1.128 | 37 |
| 13th | Bristol City | 38 | 15 | 7 | 16 | 62 | 56 | 1.107 | 37 |
| 14th | Stockport County | 38 | 15 | 7 | 16 | 54 | 60 | 0.900 | 37 |
| 15th | Leeds City | 38 | 14 | 4 | 20 | 65 | 64 | 1.016 | 32 |
| 16th | Lincoln City | 38 | 11 | 9 | 18 | 46 | 65 | 0.708 | 31 |
| 17th | Grimsby Town | 38 | 11 | 9 | 18 | 48 | 76 | 0.632 | 31 |
| 18th | Nottingham Forest | 38 | 10 | 9 | 19 | 43 | 77 | 0.558 | 29 |
| 19th | Leicester Fosse (Re-elected) | 38 | 10 | 4 | 24 | 47 | 88 | 0.534 | 24 |
| 20th | Glossop (R) | 38 | 6 | 6 | 26 | 31 | 87 | 0.356 | 18 |
P = Matches played; W = Matches won; D = Matches drawn; L = Matches lost; F = Goals for; A = Goals against; GA = Goal average; Pts = Points
(C) Champions; (P) Promoted; (R) Relegated; (Re-elected) Re-elected to the Football League
**The official Football League records originally showed Birmingham in 5th place and Arsenal in 6th place.
In 1975 it was discovered that an error in the calculation of Goal Average had been made and the table was corrected.
