| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Hamilton | 36 | 22 | 10 | 4 | 75:30 | 45 | 76 | |
| 2. | Cowdenbeath | 36 | 23 | 7 | 6 | 58:31 | 27 | 76 | |
| 3. | Brechin | 36 | 22 | 6 | 8 | 71:36 | 35 | 72 | |
| 4. | East Fife | 36 | 15 | 8 | 13 | 49:46 | 3 | 53 | |
| 5. | Peterhead | 36 | 13 | 10 | 13 | 46:46 | 0 | 49 | |
| 6. | Dumbarton | 36 | 13 | 6 | 17 | 46:49 | -3 | 45 | |
| 7. | Albion Rovers | 36 | 12 | 9 | 15 | 38:43 | -5 | 45 | |
| 8. | East Stirlingshire | 36 | 10 | 7 | 19 | 37:69 | -32 | 37 | |
| 9. | Montrose | 36 | 6 | 8 | 22 | 31:65 | -34 | 26 | |
| 10. | Elgin City | 36 | 5 | 7 | 24 | 29:65 | -36 | 22 |