| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 18 | 13 | 4 | 1 | 49:15 | 34 | 43 | |
| 2. | Morton | 18 | 13 | 4 | 1 | 42:14 | 28 | 43 | |
| 3. | East Fife | 18 | 10 | 4 | 4 | 35:22 | 13 | 34 | |
| 4. | Albion Rovers | 18 | 9 | 6 | 3 | 31:20 | 11 | 33 | |
| 5. | Stirling | 18 | 9 | 4 | 5 | 24:16 | 8 | 31 | |
| 6. | Gretna | 18 | 4 | 8 | 6 | 26:27 | -1 | 20 | |
| 7. | Montrose | 18 | 4 | 5 | 9 | 17:31 | -14 | 17 | |
| 8. | Elgin City | 18 | 3 | 7 | 8 | 17:24 | -7 | 16 | |
| 9. | Queen's Park | 18 | 3 | 5 | 10 | 21:29 | -8 | 14 | |
| 10. | East Stirlingshire | 18 | 0 | 5 | 13 | 11:46 | -35 | 5 |