The Cleveland Barons won their second F. G. "Teddy" Oke Trophy as the Western Division champions, and their second Calder Cup as league champions.
| East | GP | W | L | T | PTS | GF | GA |
|---|---|---|---|---|---|---|---|
| Providence Reds | 56 | 31 | 21 | 4 | 66 | 196 | 171 |
| New Haven Eagles | 56 | 27 | 21 | 8 | 62 | 179 | 153 |
| Springfield Indians | 56 | 26 | 21 | 9 | 61 | 157 | 149 |
| Philadelphia Ramblers | 56 | 25 | 25 | 6 | 56 | 166 | 167 |
| West | GP | W | L | T | PTS | GF | GA |
|---|---|---|---|---|---|---|---|
| Cleveland Barons | 56 | 26 | 21 | 9 | 61 | 177 | 162 |
| Hershey Bears | 56 | 24 | 23 | 9 | 57 | 193 | 189 |
| Pittsburgh Hornets | 56 | 21 | 29 | 6 | 48 | 156 | 170 |
| Buffalo Bisons | 56 | 19 | 27 | 10 | 48 | 148 | 176 |
| Indianapolis Capitals | 56 | 17 | 28 | 11 | 45 | 133 | 168 |
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalty Minutes
| Player | Team | GP | G | A | Pts | PIM |
|---|---|---|---|---|---|---|
| Les Cunningham | Cleveland Barons | 56 | 22 | 42 | 64 | 10 |
| Fred Thurier | Springfield Indians | 41 | 29 | 31 | 60 | 36 |
| Glen Brydson | Springfield Indians | 54 | 20 | 36 | 56 | 28 |
| Ab DeMarco | Providence Reds | 55 | 20 | 34 | 54 | 13 |
| Wally Kilrea | Hershey Bears | 55 | 17 | 37 | 54 | 0 |
| Lloyd Roubell | Pittsburgh Hornets | 53 | 22 | 31 | 53 | 14 |
| George Patterson | New Haven Eagles | 45 | 19 | 33 | 52 | 33 |
| Lude Wareing | Philadelphia Ramblers | 55 | 24 | 25 | 49 | 12 |
| Bob Gracie | Buffalo Bisons | 56 | 22 | 26 | 48 | 2 |
| Herb Foster | Philadelphia Ramblers | 53 | 24 | 22 | 46 | 18 |
| Pat McReavy | Hershey Bears | 51 | 21 | 25 | 46 | 2 |