| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Livingston | 18 | 13 | 1 | 4 | 43:16 | 27 | 40 | |
| 2. | Alloa | 18 | 8 | 6 | 4 | 35:21 | 14 | 30 | |
| 3. | Stranraer | 18 | 8 | 3 | 7 | 29:25 | 4 | 27 | |
| 4. | Brechin | 18 | 8 | 3 | 7 | 22:20 | 2 | 27 | |
| 5. | East Fife | 18 | 7 | 5 | 6 | 22:20 | 2 | 26 | |
| 6. | Airdrieonians | 18 | 8 | 2 | 8 | 27:32 | -5 | 26 | |
| 7. | Queen's Park | 18 | 7 | 4 | 7 | 18:21 | -3 | 25 | |
| 8. | Albion Rovers | 18 | 6 | 4 | 8 | 21:22 | -1 | 22 | |
| 9. | Stenhousemuir | 18 | 5 | 4 | 9 | 23:36 | -13 | 19 | |
| 10. | Peterhead | 18 | 4 | 6 | 8 | 25:29 | -4 | 18 |