| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Morton | 36 | 21 | 9 | 6 | 67:33 | 34 | 72 | |
| 2. | East Fife | 36 | 20 | 11 | 5 | 73:37 | 36 | 71 | |
| 3. | Albion Rovers | 36 | 20 | 10 | 6 | 62:36 | 26 | 70 | |
| 4. | Peterhead | 36 | 20 | 8 | 8 | 76:37 | 39 | 68 | |
| 5. | Stirling | 36 | 15 | 11 | 10 | 50:44 | 6 | 56 | |
| 6. | Gretna | 36 | 11 | 12 | 13 | 50:50 | 0 | 45 | |
| 7. | Montrose | 36 | 7 | 12 | 17 | 35:61 | -26 | 33 | |
| 8. | Queen's Park | 36 | 7 | 11 | 18 | 39:51 | -12 | 32 | |
| 9. | Elgin City | 36 | 5 | 13 | 18 | 33:63 | -30 | 28 | |
| 10. | East Stirlingshire | 36 | 2 | 7 | 27 | 32:105 | -73 | 13 |