| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cowdenbeath | 18 | 10 | 5 | 3 | 36:19 | 17 | 35 | |
| 2. | Alloa | 18 | 11 | 2 | 5 | 27:21 | 6 | 35 | |
| 3. | Brechin | 18 | 9 | 6 | 3 | 30:20 | 10 | 33 | |
| 4. | Stirling | 18 | 7 | 8 | 3 | 30:22 | 8 | 29 | |
| 5. | Peterhead | 18 | 8 | 5 | 5 | 23:18 | 5 | 29 | |
| 6. | East Fife | 18 | 6 | 5 | 7 | 23:22 | 1 | 23 | |
| 7. | Stenhousemuir | 18 | 5 | 6 | 7 | 16:22 | -6 | 21 | |
| 8. | Dumbarton | 18 | 5 | 4 | 9 | 21:32 | -11 | 19 | |
| 9. | Clyde | 18 | 6 | 0 | 12 | 17:29 | -12 | 18 | |
| 10. | Arbroath | 18 | 4 | 5 | 9 | 22:33 | -11 | 17 |