| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Stirling | 18 | 11 | 3 | 4 | 38:26 | 12 | 36 | |
| 2. | Alloa | 18 | 8 | 6 | 4 | 22:14 | 8 | 30 | |
| 3. | Dumbarton | 18 | 9 | 2 | 7 | 28:26 | 2 | 29 | |
| 4. | Cowdenbeath | 18 | 6 | 6 | 6 | 24:22 | 2 | 24 | |
| 5. | Arbroath | 18 | 6 | 5 | 7 | 19:22 | -3 | 23 | |
| 6. | Peterhead | 18 | 7 | 1 | 10 | 22:31 | -9 | 22 | |
| 7. | Brechin | 18 | 6 | 3 | 9 | 20:25 | -5 | 21 | |
| 8. | Stenhousemuir | 18 | 4 | 7 | 7 | 22:20 | 2 | 19 | |
| 9. | East Fife | 18 | 4 | 6 | 8 | 23:31 | -8 | 18 | |
| 10. | Clyde | 18 | 2 | 7 | 9 | 20:28 | -8 | 13 |