| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Morton | 36 | 14 | 3 | 1 | 7 | 6 | 1 | 0 | 0 | 4 | 72 |
| 2. | East Fife | 36 | 9 | 1 | 0 | 10 | 6 | 2 | 1 | 4 | 3 | 71 |
| 3. | Albion Rovers | 36 | 13 | 1 | 0 | 4 | 8 | 4 | 3 | 1 | 2 | 70 |
| 4. | Peterhead | 36 | 13 | 1 | 0 | 6 | 4 | 1 | 1 | 3 | 7 | 68 |
| 5. | Stirling | 36 | 11 | 2 | 0 | 4 | 8 | 3 | 0 | 1 | 7 | 56 |
| 6. | Gretna | 36 | 9 | 5 | 2 | 2 | 6 | 6 | 0 | 1 | 5 | 45 |
| 7. | Montrose | 36 | 7 | 2 | 1 | 0 | 9 | 5 | 0 | 1 | 11 | 33 |
| 8. | Queen's Park | 36 | 5 | 0 | 1 | 2 | 7 | 3 | 0 | 4 | 14 | 32 |
| 9. | Elgin City | 36 | 3 | 2 | 1 | 1 | 11 | 6 | 1 | 0 | 11 | 28 |
| 10. | East Stirlingshire | 36 | 1 | 0 | 1 | 0 | 5 | 5 | 1 | 2 | 21 | 13 |