| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Alloa | 36 | 10 | 1 | 0 | 13 | 6 | 4 | 0 | 1 | 1 | 77 |
| 2. | Queen's Park | 36 | 5 | 0 | 1 | 11 | 6 | 7 | 3 | 0 | 3 | 63 |
| 3. | Stranraer | 36 | 5 | 1 | 2 | 11 | 4 | 9 | 1 | 2 | 1 | 58 |
| 4. | Elgin City | 36 | 6 | 2 | 0 | 9 | 6 | 8 | 1 | 1 | 3 | 57 |
| 5. | Peterhead | 36 | 5 | 0 | 0 | 8 | 6 | 7 | 2 | 0 | 8 | 51 |
| 6. | Annan | 36 | 3 | 1 | 1 | 10 | 5 | 6 | 0 | 4 | 6 | 49 |
| 7. | Berwick | 36 | 3 | 2 | 0 | 9 | 7 | 7 | 0 | 3 | 5 | 48 |
| 8. | Montrose | 36 | 2 | 2 | 2 | 9 | 1 | 11 | 0 | 2 | 7 | 38 |
| 9. | Clyde | 36 | 3 | 3 | 1 | 5 | 7 | 12 | 0 | 1 | 4 | 35 |
| 10. | East Stirlingshire | 36 | 4 | 2 | 0 | 2 | 4 | 16 | 0 | 0 | 8 | 24 |