| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Queen's Park | 18 | 8 | 6 | 4 | 25:14 | 11 | 30 | |
| 2. | East Fife | 18 | 8 | 4 | 6 | 32:24 | 8 | 28 | |
| 3. | Clyde | 18 | 8 | 3 | 7 | 27:23 | 4 | 27 | |
| 4. | Annan | 18 | 7 | 2 | 9 | 30:28 | 2 | 23 | |
| 5. | Arbroath | 18 | 6 | 2 | 10 | 23:30 | -7 | 20 | |
| 6. | Stirling | 18 | 4 | 6 | 8 | 20:25 | -5 | 18 | |
| 7. | Elgin City | 18 | 5 | 3 | 10 | 23:31 | -8 | 18 | |
| 8. | Berwick | 18 | 4 | 3 | 11 | 16:28 | -12 | 15 | |
| 9. | East Stirlingshire | 18 | 3 | 4 | 11 | 20:39 | -19 | 13 | |
| 10. | Montrose | 18 | 2 | 6 | 10 | 20:39 | -19 | 12 |