| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | East Fife | 36 | 28 | 4 | 4 | 77:24 | 53 | 88 | |
| 2. | Stranraer | 36 | 19 | 8 | 9 | 65:43 | 22 | 65 | |
| 3. | Montrose | 36 | 17 | 8 | 11 | 59:36 | 23 | 59 | |
| 4. | Arbroath | 36 | 14 | 10 | 12 | 54:47 | 7 | 52 | |
| 5. | Stenhousemuir | 36 | 13 | 9 | 14 | 50:59 | -9 | 48 | |
| 6. | Elgin City | 36 | 13 | 8 | 15 | 56:68 | -12 | 47 | |
| 7. | Albion Rovers | 36 | 9 | 10 | 17 | 51:68 | -17 | 37 | |
| 8. | Dumbarton | 36 | 9 | 10 | 17 | 31:48 | -17 | 37 | |
| 9. | East Stirlingshire | 36 | 10 | 4 | 22 | 48:71 | -23 | 34 | |
| 10. | Forfar Athletic | 36 | 8 | 9 | 19 | 35:62 | -27 | 33 |