| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | East Stirlingshire | 18 | 9 | 3 | 6 | 27:21 | 6 | 30 | |
| 2. | Dumbarton | 18 | 8 | 5 | 5 | 27:23 | 4 | 29 | |
| 3. | Forfar Athletic | 18 | 8 | 4 | 6 | 27:23 | 4 | 28 | |
| 4. | Stenhousemuir | 18 | 8 | 3 | 7 | 32:27 | 5 | 27 | |
| 5. | Montrose | 18 | 8 | 3 | 7 | 24:24 | 0 | 27 | |
| 6. | Cowdenbeath | 18 | 7 | 4 | 7 | 21:19 | 2 | 25 | |
| 7. | Annan | 18 | 6 | 4 | 8 | 21:22 | -1 | 22 | |
| 8. | Albion Rovers | 18 | 5 | 4 | 9 | 21:22 | -1 | 19 | |
| 9. | Berwick | 18 | 4 | 3 | 11 | 22:32 | -10 | 15 | |
| 10. | Elgin City | 18 | 2 | 3 | 13 | 15:47 | -32 | 9 |