| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 18 | 8 | 1 | 0 | 4 | 2 | 0 | 1 | 1 | 1 | 43 |
| 2. | Morton | 18 | 10 | 2 | 0 | 3 | 2 | 0 | 0 | 0 | 1 | 43 |
| 3. | East Fife | 18 | 4 | 1 | 0 | 5 | 1 | 2 | 1 | 2 | 2 | 34 |
| 4. | Albion Rovers | 18 | 7 | 0 | 0 | 1 | 5 | 1 | 1 | 1 | 2 | 33 |
| 5. | Stirling | 18 | 6 | 0 | 0 | 3 | 4 | 1 | 0 | 0 | 4 | 31 |
| 6. | Gretna | 18 | 3 | 4 | 1 | 1 | 4 | 3 | 0 | 0 | 2 | 20 |
| 7. | Montrose | 18 | 4 | 1 | 0 | 0 | 4 | 3 | 0 | 0 | 6 | 17 |
| 8. | Elgin City | 18 | 2 | 1 | 1 | 0 | 6 | 3 | 1 | 0 | 4 | 16 |
| 9. | Queen's Park | 18 | 2 | 0 | 1 | 1 | 3 | 1 | 0 | 2 | 8 | 14 |
| 10. | East Stirlingshire | 18 | 0 | 0 | 0 | 0 | 4 | 4 | 0 | 1 | 9 | 5 |