| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Albion Rovers | 18 | 8 | 6 | 4 | 31:24 | 7 | 30 | |
| 2. | Annan | 18 | 8 | 6 | 4 | 26:20 | 6 | 30 | |
| 3. | Arbroath | 18 | 9 | 2 | 7 | 41:37 | 4 | 29 | |
| 4. | Queen's Park | 18 | 8 | 2 | 8 | 26:26 | 0 | 26 | |
| 5. | Stranraer | 18 | 5 | 8 | 5 | 33:32 | 1 | 23 | |
| 6. | Berwick | 18 | 5 | 6 | 7 | 24:25 | -1 | 21 | |
| 7. | Elgin City | 18 | 5 | 4 | 9 | 23:34 | -11 | 19 | |
| 8. | Montrose | 18 | 4 | 3 | 11 | 19:34 | -15 | 15 | |
| 9. | Clyde | 18 | 4 | 3 | 11 | 14:36 | -22 | 15 | |
| 10. | East Stirlingshire | 18 | 4 | 1 | 13 | 15:35 | -20 | 13 |