| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 36 | 13 | 1 | 1 | 5 | 3 | 2 | 5 | 3 | 3 | 76 |
| 2. | Annan | 36 | 10 | 3 | 1 | 5 | 3 | 4 | 4 | 0 | 6 | 63 |
| 3. | Stirling | 36 | 7 | 1 | 0 | 6 | 5 | 0 | 3 | 4 | 10 | 58 |
| 4. | Clyde | 36 | 9 | 2 | 1 | 7 | 1 | 6 | 1 | 3 | 6 | 57 |
| 5. | Berwick | 36 | 10 | 3 | 4 | 3 | 3 | 4 | 2 | 1 | 6 | 52 |
| 6. | Montrose | 36 | 6 | 2 | 1 | 6 | 6 | 8 | 0 | 2 | 5 | 46 |
| 7. | Albion Rovers | 36 | 10 | 1 | 0 | 2 | 6 | 5 | 0 | 1 | 11 | 44 |
| 8. | East Stirlingshire | 36 | 8 | 0 | 2 | 4 | 6 | 2 | 0 | 2 | 12 | 44 |
| 9. | Elgin City | 36 | 4 | 3 | 5 | 3 | 4 | 3 | 2 | 2 | 10 | 36 |
| 10. | Queen's Park | 36 | 4 | 3 | 3 | 0 | 5 | 7 | 1 | 1 | 12 | 24 |