| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Dumbarton | 18 | 11 | 5 | 2 | 38:13 | 25 | 38 | |
| 2. | Cowdenbeath | 18 | 11 | 5 | 2 | 27:15 | 12 | 38 | |
| 3. | East Stirlingshire | 18 | 10 | 1 | 7 | 30:29 | 1 | 31 | |
| 4. | Stenhousemuir | 18 | 8 | 5 | 5 | 23:19 | 4 | 29 | |
| 5. | Annan | 18 | 8 | 4 | 6 | 35:23 | 12 | 28 | |
| 6. | Montrose | 18 | 8 | 3 | 7 | 23:24 | -1 | 27 | |
| 7. | Forfar Athletic | 18 | 6 | 5 | 7 | 26:28 | -2 | 23 | |
| 8. | Berwick | 18 | 6 | 4 | 8 | 24:29 | -5 | 22 | |
| 9. | Albion Rovers | 18 | 6 | 2 | 10 | 18:25 | -7 | 20 | |
| 10. | Elgin City | 18 | 5 | 2 | 11 | 16:32 | -16 | 17 |