| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Elgin City | 18 | 12 | 5 | 1 | 36:15 | 21 | 41 | |
| 2. | East Fife | 18 | 10 | 4 | 4 | 30:17 | 13 | 34 | |
| 3. | Berwick | 18 | 10 | 4 | 4 | 29:22 | 7 | 34 | |
| 4. | Annan | 18 | 9 | 6 | 3 | 39:29 | 10 | 33 | |
| 5. | Montrose | 18 | 9 | 4 | 5 | 30:31 | -1 | 31 | |
| 6. | Clyde | 18 | 9 | 3 | 6 | 29:22 | 7 | 30 | |
| 7. | Stirling | 18 | 9 | 3 | 6 | 27:21 | 6 | 30 | |
| 8. | Queen's Park | 18 | 7 | 5 | 6 | 21:18 | 3 | 26 | |
| 9. | Arbroath | 18 | 5 | 4 | 9 | 19:21 | -2 | 19 | |
| 10. | East Stirlingshire | 18 | 6 | 1 | 11 | 21:40 | -19 | 19 |