| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Stirling | 36 | 18 | 11 | 7 | 68:48 | 20 | 65 | |
| 2. | Alloa | 36 | 19 | 8 | 9 | 49:35 | 14 | 65 | |
| 3. | Cowdenbeath | 36 | 16 | 11 | 9 | 60:41 | 19 | 59 | |
| 4. | Brechin | 36 | 15 | 9 | 12 | 50:45 | 5 | 54 | |
| 5. | Peterhead | 36 | 15 | 6 | 15 | 45:49 | -4 | 51 | |
| 6. | Dumbarton | 36 | 14 | 6 | 16 | 49:58 | -9 | 48 | |
| 7. | East Fife | 36 | 10 | 11 | 15 | 46:53 | -7 | 41 | |
| 8. | Stenhousemuir | 36 | 9 | 13 | 14 | 38:42 | -4 | 40 | |
| 9. | Arbroath | 36 | 10 | 10 | 16 | 41:55 | -14 | 40 | |
| 10. | Clyde | 36 | 8 | 7 | 21 | 37:57 | -20 | 31 |