| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cowdenbeath | 18 | 7 | 7 | 4 | 31:19 | 12 | 28 | |
| 2. | Arbroath | 18 | 7 | 7 | 4 | 32:28 | 4 | 28 | |
| 3. | Dumbarton | 18 | 7 | 5 | 6 | 31:31 | 0 | 26 | |
| 4. | East Fife | 18 | 7 | 2 | 9 | 28:28 | 0 | 23 | |
| 5. | Stenhousemuir | 18 | 6 | 4 | 8 | 22:26 | -4 | 22 | |
| 6. | Airdrieonians | 18 | 5 | 6 | 7 | 25:30 | -5 | 21 | |
| 7. | Brechin | 18 | 5 | 5 | 8 | 23:32 | -9 | 20 | |
| 8. | Forfar Athletic | 18 | 5 | 4 | 9 | 25:37 | -12 | 19 | |
| 9. | Stirling | 18 | 5 | 2 | 11 | 24:41 | -17 | 17 | |
| 10. | Albion Rovers | 18 | 4 | 1 | 13 | 18:44 | -26 | 13 |