| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Queen's Park | 18 | 12 | 3 | 3 | 33:13 | 20 | 39 | |
| 2. | Berwick | 18 | 12 | 3 | 3 | 29:14 | 15 | 39 | |
| 3. | Dumbarton | 18 | 12 | 2 | 4 | 30:15 | 15 | 38 | |
| 4. | East Fife | 18 | 10 | 4 | 4 | 26:15 | 11 | 34 | |
| 5. | Arbroath | 18 | 9 | 4 | 5 | 27:20 | 7 | 31 | |
| 6. | Stenhousemuir | 18 | 9 | 1 | 8 | 36:31 | 5 | 28 | |
| 7. | Albion Rovers | 18 | 8 | 2 | 8 | 30:29 | 1 | 26 | |
| 8. | Elgin City | 18 | 7 | 0 | 11 | 24:30 | -6 | 21 | |
| 9. | Montrose | 18 | 6 | 2 | 10 | 20:27 | -7 | 20 | |
| 10. | East Stirlingshire | 18 | 3 | 1 | 14 | 11:37 | -26 | 10 |