| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Dumbarton | 36 | 19 | 10 | 7 | 65:36 | 29 | 67 | |
| 2. | Cowdenbeath | 36 | 18 | 9 | 9 | 48:34 | 14 | 63 | |
| 3. | East Stirlingshire | 36 | 19 | 4 | 13 | 57:50 | 7 | 61 | |
| 4. | Stenhousemuir | 36 | 16 | 8 | 12 | 55:46 | 9 | 56 | |
| 5. | Montrose | 36 | 16 | 6 | 14 | 47:48 | -1 | 54 | |
| 6. | Forfar Athletic | 36 | 14 | 9 | 13 | 53:51 | 2 | 51 | |
| 7. | Annan | 36 | 14 | 8 | 14 | 56:45 | 11 | 50 | |
| 8. | Albion Rovers | 36 | 11 | 6 | 19 | 39:47 | -8 | 39 | |
| 9. | Berwick | 36 | 10 | 7 | 19 | 46:61 | -15 | 37 | |
| 10. | Elgin City | 36 | 7 | 5 | 24 | 31:79 | -48 | 26 |