| Team | GP | W | L | T | Pts | GF | GA | PIM | Coach | Playoff Results |
|---|---|---|---|---|---|---|---|---|---|---|
| Waterloo Black Hawks | 28 | 17 | 11 | 0 | 34 | 129 | 110 | 0 | Bud McRae | |
| Rochester Mustangs | 28 | 15 | 13 | 0 | 30 | 111 | 104 | 0 | ||
| St. Paul Steers | 26 | 15 | 11 | 0 | 30 | 138 | 116 | 0 | ||
| Green Bay Bobcats | 28 | 11 | 17 | 0 | 22 | 131 | 156 | 0 | John Mayasich | |
| Marquette Iron Rangers | 26 | 10 | 16 | 0 | 20 | 103 | 131 | 0 |
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