| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Brechin | 18 | 12 | 4 | 2 | 38:14 | 24 | 40 | |
| 2. | Dumbarton | 18 | 10 | 4 | 4 | 30:22 | 8 | 34 | |
| 3. | Peterhead | 18 | 9 | 4 | 5 | 36:26 | 10 | 31 | |
| 4. | Elgin City | 18 | 9 | 3 | 6 | 26:19 | 7 | 30 | |
| 5. | Albion Rovers | 18 | 8 | 5 | 5 | 28:23 | 5 | 29 | |
| 6. | Montrose | 18 | 9 | 2 | 7 | 25:20 | 5 | 29 | |
| 7. | East Stirlingshire | 18 | 8 | 1 | 9 | 27:27 | 0 | 25 | |
| 8. | East Fife | 18 | 6 | 4 | 8 | 23:26 | -3 | 22 | |
| 9. | Stirling | 18 | 6 | 4 | 8 | 23:29 | -6 | 22 | |
| 10. | Queen's Park | 18 | 4 | 6 | 8 | 17:21 | -4 | 18 |