| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Livingston | 36 | 26 | 3 | 7 | 80:32 | 48 | 81 | |
| 2. | Alloa | 36 | 17 | 11 | 8 | 69:44 | 25 | 62 | |
| 3. | Airdrieonians | 36 | 16 | 4 | 16 | 61:66 | -5 | 52 | |
| 4. | Brechin | 36 | 15 | 5 | 16 | 43:49 | -6 | 50 | |
| 5. | East Fife | 36 | 12 | 10 | 14 | 41:44 | -3 | 46 | |
| 6. | Queen's Park | 36 | 12 | 10 | 14 | 37:51 | -14 | 46 | |
| 7. | Stranraer | 36 | 12 | 8 | 16 | 46:50 | -4 | 44 | |
| 8. | Albion Rovers | 36 | 11 | 9 | 16 | 41:48 | -7 | 42 | |
| 9. | Peterhead | 36 | 10 | 10 | 16 | 44:59 | -15 | 40 | |
| 10. | Stenhousemuir | 36 | 11 | 6 | 19 | 45:64 | -19 | 39 |