| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cowdenbeath | 36 | 24 | 4 | 8 | 81:34 | 47 | 76 | |
| 2. | Berwick | 36 | 23 | 7 | 6 | 54:27 | 27 | 76 | |
| 3. | Stenhousemuir | 36 | 23 | 4 | 9 | 78:38 | 40 | 73 | |
| 4. | Arbroath | 36 | 16 | 7 | 13 | 57:47 | 10 | 55 | |
| 5. | Elgin City | 36 | 15 | 7 | 14 | 55:58 | -3 | 52 | |
| 6. | Queen's Park | 36 | 13 | 12 | 11 | 47:42 | 5 | 51 | |
| 7. | East Fife | 36 | 13 | 4 | 19 | 48:64 | -16 | 43 | |
| 8. | Albion Rovers | 36 | 7 | 8 | 21 | 39:60 | -21 | 29 | |
| 9. | Montrose | 36 | 6 | 10 | 20 | 31:59 | -28 | 28 | |
| 10. | East Stirlingshire | 36 | 6 | 5 | 25 | 28:89 | -61 | 23 |