Al Shields trades
| Montreal Maroons acquire | Date | Ottawa Senators acquire | ||
|---|---|---|---|---|
 | Al Shields | September 20, 1934 | Irv Frew |  |
| future considerations (Vern Ayres and Normie Smith) | ||||
| Philadelphia Quakers acquire | Date | Ottawa Senators acquire | ||
|---|---|---|---|---|
 | Wally Kilrea | November 6, 1930 | $35K cash | |
| Al Shields | ||||
| loan of Syd Howe | ||||