| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | East Fife | 18 | 5 | 0 | 0 | 5 | 5 | 0 | 0 | 2 | 1 | 37 |
| 2. | Albion Rovers | 18 | 6 | 1 | 0 | 3 | 3 | 3 | 2 | 0 | 0 | 37 |
| 3. | Morton | 18 | 4 | 1 | 1 | 4 | 4 | 1 | 0 | 0 | 3 | 29 |
| 4. | Peterhead | 18 | 5 | 0 | 0 | 2 | 2 | 1 | 0 | 2 | 6 | 25 |
| 5. | Gretna | 18 | 6 | 1 | 1 | 1 | 2 | 3 | 0 | 1 | 3 | 25 |
| 6. | Stirling | 18 | 5 | 2 | 0 | 1 | 4 | 2 | 0 | 1 | 3 | 25 |
| 7. | Queen's Park | 18 | 3 | 0 | 0 | 1 | 4 | 2 | 0 | 2 | 6 | 18 |
| 8. | Montrose | 18 | 3 | 1 | 1 | 0 | 5 | 2 | 0 | 1 | 5 | 16 |
| 9. | Elgin City | 18 | 1 | 1 | 0 | 1 | 5 | 3 | 0 | 0 | 7 | 12 |
| 10. | East Stirlingshire | 18 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 12 | 8 |