| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Queen's Park | 36 | 20 | 9 | 7 | 54:37 | 17 | 69 | |
| 2. | Berwick | 36 | 19 | 9 | 8 | 53:30 | 23 | 66 | |
| 3. | Forfar Athletic | 36 | 17 | 10 | 9 | 64:40 | 24 | 61 | |
| 4. | East Fife | 36 | 17 | 8 | 11 | 45:39 | 6 | 59 | |
| 5. | Cowdenbeath | 36 | 15 | 9 | 12 | 59:43 | 16 | 54 | |
| 6. | Dumbarton | 36 | 15 | 8 | 13 | 53:51 | 2 | 53 | |
| 7. | East Stirlingshire | 36 | 11 | 7 | 18 | 28:50 | -22 | 40 | |
| 8. | Brechin | 36 | 10 | 8 | 18 | 42:51 | -9 | 38 | |
| 9. | Montrose | 36 | 10 | 7 | 19 | 39:54 | -15 | 37 | |
| 10. | Albion Rovers | 36 | 5 | 7 | 24 | 33:75 | -42 | 22 |