| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Livingston | 36 | 18 | 0 | 2 | 7 | 3 | 1 | 1 | 0 | 4 | 81 |
| 2. | Alloa | 36 | 11 | 2 | 1 | 5 | 8 | 2 | 1 | 1 | 5 | 62 |
| 3. | Airdrieonians | 36 | 11 | 0 | 0 | 4 | 2 | 6 | 1 | 2 | 10 | 52 |
| 4. | Brechin | 36 | 8 | 1 | 0 | 7 | 3 | 6 | 0 | 1 | 10 | 50 |
| 5. | East Fife | 36 | 7 | 4 | 0 | 4 | 5 | 6 | 1 | 1 | 8 | 46 |
| 6. | Queen's Park | 36 | 8 | 2 | 0 | 2 | 7 | 4 | 2 | 1 | 10 | 46 |
| 7. | Stranraer | 36 | 8 | 2 | 2 | 4 | 4 | 6 | 0 | 2 | 8 | 44 |
| 8. | Albion Rovers | 36 | 6 | 2 | 0 | 5 | 3 | 7 | 0 | 4 | 9 | 42 |
| 9. | Peterhead | 36 | 2 | 3 | 1 | 7 | 5 | 6 | 1 | 2 | 9 | 40 |
| 10. | Stenhousemuir | 36 | 6 | 2 | 1 | 5 | 0 | 6 | 0 | 4 | 12 | 39 |