| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cowdenbeath | 18 | 14 | 2 | 2 | 51:18 | 33 | 44 | |
| 2. | Stenhousemuir | 18 | 13 | 1 | 4 | 45:17 | 28 | 40 | |
| 3. | Arbroath | 18 | 12 | 2 | 4 | 35:18 | 17 | 38 | |
| 4. | Berwick | 18 | 11 | 4 | 3 | 28:14 | 14 | 37 | |
| 5. | East Fife | 18 | 9 | 2 | 7 | 24:24 | 0 | 29 | |
| 6. | Queen's Park | 18 | 6 | 7 | 5 | 29:24 | 5 | 25 | |
| 7. | Elgin City | 18 | 6 | 5 | 7 | 28:30 | -2 | 23 | |
| 8. | East Stirlingshire | 18 | 5 | 4 | 9 | 14:30 | -16 | 19 | |
| 9. | Montrose | 18 | 5 | 3 | 10 | 15:23 | -8 | 18 | |
| 10. | Albion Rovers | 18 | 4 | 4 | 10 | 20:31 | -11 | 16 |