| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | East Fife | 18 | 14 | 2 | 2 | 40:8 | 32 | 44 | |
| 2. | Stranraer | 18 | 10 | 3 | 5 | 29:21 | 8 | 33 | |
| 3. | Montrose | 18 | 9 | 3 | 6 | 31:22 | 9 | 30 | |
| 4. | Elgin City | 18 | 9 | 2 | 7 | 35:33 | 2 | 29 | |
| 5. | Dumbarton | 18 | 7 | 5 | 6 | 17:19 | -2 | 26 | |
| 6. | Arbroath | 18 | 6 | 7 | 5 | 24:20 | 4 | 25 | |
| 7. | Stenhousemuir | 18 | 6 | 5 | 7 | 23:27 | -4 | 23 | |
| 8. | East Stirlingshire | 18 | 6 | 3 | 9 | 32:35 | -3 | 21 | |
| 9. | Forfar Athletic | 18 | 6 | 3 | 9 | 20:26 | -6 | 21 | |
| 10. | Albion Rovers | 18 | 4 | 7 | 7 | 29:35 | -6 | 19 |