| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | East Fife | 36 | 18 | 8 | 10 | 62:41 | 21 | 62 | |
| 2. | Elgin City | 36 | 17 | 8 | 11 | 59:46 | 13 | 59 | |
| 3. | Clyde | 36 | 17 | 6 | 13 | 56:45 | 11 | 57 | |
| 4. | Queen's Park | 36 | 15 | 11 | 10 | 46:32 | 14 | 56 | |
| 5. | Annan | 36 | 16 | 8 | 12 | 69:57 | 12 | 56 | |
| 6. | Berwick | 36 | 14 | 7 | 15 | 45:50 | -5 | 49 | |
| 7. | Stirling | 36 | 13 | 9 | 14 | 47:46 | 1 | 48 | |
| 8. | Montrose | 36 | 11 | 10 | 15 | 50:70 | -20 | 43 | |
| 9. | Arbroath | 36 | 11 | 6 | 19 | 42:51 | -9 | 39 | |
| 10. | East Stirlingshire | 36 | 9 | 5 | 22 | 41:79 | -38 | 32 |