| Trade # | Team | Traded | Team | For |
|---|---|---|---|---|
| 295 | Hawks | Chet Ross / Jake Early | Monsters | Chuck Klein / Johnny Welaj Steve Sundra / 1940 3rd RDP (#12) |
| 294 | Monsters | Ken O'Dea / Earle Brucker Gus Suhr / 1940 2nd RDP (#4) 1940 5th RDP(#9) |
Rugrats | Birdie Tebbetts / Johnny Welaj 1940 3rd RDP (#12) / 1940 5th RDP (#3) |
| 293 | Panthers | Jimmie Foxx / Lefty Gomez 1940 1st RDP (#10) |
Arsenal | Roy Cullenbine / Johnny Cooney 1940 1st RDP (#12) |
| 292 | Thunderbolts | Skeeter Webb | Arsenal | Johnny Peacock |
| 291 | Hawks | Babe Dahlgren | Blue Sox | Heinie Mueller / 1940 2nd RDP (#5) |
| 290 | Blue Sox | Jack Kramer / Burgess Whitehead | Monsters | Bill Posedel / Tom Early Heinie Mueller |
| 289 | Grays | Bill Lee | Hawks | 1940 2nd RDP(#6) |
| 288 | River Carp | Jimmy Gleeson / 1940 2nd RDP(#10) | Grays | Ben Chapman / Billy Jurges |
| 287 | Monsters | Whitlow Wyatt / Joe Sullivan 1940 3rd RDP (#3) |
River Carp | Jim Bagby Jr. / Chubby Dean 1940 1st RDP(#8) |
| 286 | Monsters | Hersh Martin / Joe Gallagher Al Simmons / Dick West Clay Bryant / Joe Krakauskas |
Arsenal | Bill Knickerbocker / Buck Ross Jack Wilson |
| 285 | Panthers | Jo-Jo Moore / Joe Gallagher | Monsters | Bob Bowman / Jack Salveson Ray Prim |
| 284 | Monsters | Johnny McCarthy / Glen McQuillan Lyn Lary / Syl Johnson Pop Joiner |
Thunderbolts | Chuck Klein / Steve Sundra 1940 5th RDP(#9) |
| 283 | Natti Bohs | Tommy Henrich / 1940 3rd RDP (#3) | Monsters | Phil Cavaretta / Red Rolfe |
| 282 | Monsters | Hal Schumacher / 1940 3rd RDP(#4) | Arsenal | Vince DiMaggio / Frank Gustine |
| 281 | Rugrats | Woody Jensen | Tomahawks | Slick Coffman |
| 280 | Hawks | Johnny Broaca | Arsenal | 1940 5th RDP |
| 279 | Grays | Lew Riggs / 1940 3rd RDP | Hawks | Odell Hale |
| 278 | Rugrats | Marius Russo / Jim Walkup 1940 4th RDP | Arsenal | Clint Brown / 1940 3rd RDP |
| 277 | Arsenal | Bill Swift | Hawks | Johnny Cooney |
| 276 | Barons | 1940 5th RDP | Rugrats | Alex Kampouris |
| 275 | Panthers | 1940 5th RDP | Barons | Lynn Myers |
| 274 | Panthers | Chris Hartje | Rugrats | Harry Kimberlin |
| 273 | Rugrats | Earl Brucker | Tomahawks | 1940 5th RDP |
| 272 | Grays | Tom Drake / 1940 1st RDP | Blues | Lefty Grove / 1940 2nd RDP |
| 271 | Blues | Lyn Lary | Tomahawks | 1940 6th RDP |
| 270 | Thunderbolts | 1940 4th RDP | Blues | Charlie Gilbert / Johnny Marcum |