| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Arbroath | 18 | 11 | 4 | 3 | 39:24 | 15 | 37 | |
| 2. | Stranraer | 18 | 10 | 4 | 4 | 39:25 | 14 | 34 | |
| 3. | Queen's Park | 18 | 10 | 3 | 5 | 31:17 | 14 | 33 | |
| 4. | Albion Rovers | 18 | 9 | 4 | 5 | 25:16 | 9 | 31 | |
| 5. | Annan | 18 | 8 | 5 | 5 | 32:25 | 7 | 29 | |
| 6. | Berwick | 18 | 7 | 7 | 4 | 38:31 | 7 | 28 | |
| 7. | Elgin City | 18 | 8 | 2 | 8 | 30:29 | 1 | 26 | |
| 8. | Montrose | 18 | 6 | 4 | 8 | 28:27 | 1 | 22 | |
| 9. | East Stirlingshire | 18 | 6 | 3 | 9 | 18:27 | -9 | 21 | |
| 10. | Clyde | 18 | 4 | 5 | 9 | 23:31 | -8 | 17 |