| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Brechin | 18 | 10 | 3 | 5 | 29:24 | 5 | 33 | |
| 2. | Albion Rovers | 18 | 8 | 6 | 4 | 23:19 | 4 | 30 | |
| 3. | Dumbarton | 18 | 8 | 3 | 7 | 28:26 | 2 | 27 | |
| 4. | Montrose | 18 | 7 | 5 | 6 | 18:19 | -1 | 26 | |
| 5. | Peterhead | 18 | 8 | 1 | 9 | 27:26 | 1 | 25 | |
| 6. | East Fife | 18 | 5 | 3 | 10 | 16:30 | -14 | 18 | |
| 7. | Elgin City | 18 | 4 | 5 | 9 | 19:27 | -8 | 17 | |
| 8. | Queen's Park | 18 | 5 | 2 | 11 | 21:32 | -11 | 17 | |
| 9. | East Stirlingshire | 18 | 4 | 3 | 11 | 24:31 | -7 | 15 | |
| 10. | Stirling | 18 | 3 | 6 | 9 | 22:39 | -17 | 15 |