| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Rangers | 18 | 12 | 5 | 1 | 43:17 | 26 | 41 | |
| 2. | Queen's Park | 18 | 11 | 1 | 6 | 33:27 | 6 | 34 | |
| 3. | Peterhead | 18 | 8 | 3 | 7 | 26:17 | 9 | 27 | |
| 4. | Elgin City | 18 | 5 | 8 | 5 | 26:28 | -2 | 23 | |
| 5. | Montrose | 18 | 6 | 4 | 8 | 26:36 | -10 | 22 | |
| 6. | Annan | 18 | 4 | 5 | 9 | 23:39 | -16 | 17 | |
| 7. | Berwick | 18 | 4 | 3 | 11 | 25:34 | -9 | 15 | |
| 8. | Stirling | 18 | 3 | 6 | 9 | 21:34 | -13 | 15 | |
| 9. | Clyde | 18 | 4 | 2 | 12 | 17:37 | -20 | 14 | |
| 10. | East Stirlingshire | 18 | 3 | 2 | 13 | 21:58 | -37 | 11 |