| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Berwick | 36 | 24 | 3 | 9 | 51:29 | 22 | 75 | |
| 2. | Arbroath | 36 | 22 | 4 | 10 | 61:33 | 28 | 70 | |
| 3. | Queen's Park | 36 | 21 | 5 | 10 | 57:28 | 29 | 68 | |
| 4. | East Fife | 36 | 20 | 7 | 9 | 59:37 | 22 | 67 | |
| 5. | Dumbarton | 36 | 18 | 5 | 13 | 52:37 | 15 | 59 | |
| 6. | Albion Rovers | 36 | 14 | 6 | 16 | 56:61 | -5 | 48 | |
| 7. | Stenhousemuir | 36 | 13 | 5 | 18 | 53:63 | -10 | 44 | |
| 8. | Montrose | 36 | 11 | 4 | 21 | 42:62 | -20 | 37 | |
| 9. | Elgin City | 36 | 9 | 2 | 25 | 39:69 | -30 | 29 | |
| 10. | East Stirlingshire | 36 | 6 | 3 | 27 | 27:78 | -51 | 21 |