| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | East Fife | 18 | 14 | 2 | 2 | 37:16 | 21 | 44 | |
| 2. | Stranraer | 18 | 9 | 5 | 4 | 36:22 | 14 | 32 | |
| 3. | Montrose | 18 | 8 | 5 | 5 | 28:14 | 14 | 29 | |
| 4. | Arbroath | 18 | 8 | 3 | 7 | 30:27 | 3 | 27 | |
| 5. | Stenhousemuir | 18 | 7 | 4 | 7 | 27:32 | -5 | 25 | |
| 6. | Albion Rovers | 18 | 5 | 3 | 10 | 22:33 | -11 | 18 | |
| 7. | Elgin City | 18 | 4 | 6 | 8 | 21:35 | -14 | 18 | |
| 8. | East Stirlingshire | 18 | 4 | 1 | 13 | 16:36 | -20 | 13 | |
| 9. | Forfar Athletic | 18 | 2 | 6 | 10 | 15:36 | -21 | 12 | |
| 10. | Dumbarton | 18 | 2 | 5 | 11 | 14:29 | -15 | 11 |