| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | East Fife | 18 | 10 | 7 | 1 | 38:15 | 23 | 37 | |
| 2. | Albion Rovers | 18 | 11 | 4 | 3 | 31:16 | 15 | 37 | |
| 3. | Morton | 18 | 8 | 5 | 5 | 25:19 | 6 | 29 | |
| 4. | Peterhead | 18 | 7 | 4 | 7 | 27:22 | 5 | 25 | |
| 5. | Gretna | 18 | 7 | 4 | 7 | 24:23 | 1 | 25 | |
| 6. | Stirling | 18 | 6 | 7 | 5 | 26:28 | -2 | 25 | |
| 7. | Queen's Park | 18 | 4 | 6 | 8 | 18:22 | -4 | 18 | |
| 8. | Montrose | 18 | 3 | 7 | 8 | 18:30 | -12 | 16 | |
| 9. | Elgin City | 18 | 2 | 6 | 10 | 16:39 | -23 | 12 | |
| 10. | East Stirlingshire | 18 | 2 | 2 | 14 | 21:59 | -38 | 8 |