| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cowdenbeath | 18 | 13 | 4 | 1 | 37:10 | 27 | 43 | |
| 2. | Arbroath | 18 | 10 | 5 | 3 | 44:23 | 21 | 35 | |
| 3. | Dumbarton | 18 | 10 | 2 | 6 | 30:30 | 0 | 32 | |
| 4. | Airdrieonians | 18 | 9 | 4 | 5 | 43:30 | 13 | 31 | |
| 5. | Stenhousemuir | 18 | 9 | 2 | 7 | 32:23 | 9 | 29 | |
| 6. | East Fife | 18 | 7 | 4 | 7 | 27:29 | -2 | 25 | |
| 7. | Albion Rovers | 18 | 6 | 6 | 6 | 25:22 | 3 | 24 | |
| 8. | Forfar Athletic | 18 | 6 | 5 | 7 | 33:34 | -1 | 23 | |
| 9. | Brechin | 18 | 5 | 6 | 7 | 24:30 | -6 | 21 | |
| 10. | Stirling | 18 | 4 | 5 | 9 | 21:28 | -7 | 17 |