| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Falkirk | 14 | 10 | 2 | 2 | 35:5 | 30 | 32 | |
| 2. | Raith | 14 | 9 | 4 | 1 | 29:14 | 15 | 31 | |
| 3. | Montrose | 14 | 9 | 0 | 5 | 29:19 | 10 | 27 | |
| 4. | Clyde | 14 | 7 | 4 | 3 | 27:18 | 9 | 25 | |
| 5. | Airdrieonians | 15 | 7 | 4 | 4 | 20:13 | 7 | 25 | |
| 6. | East Fife | 14 | 6 | 6 | 2 | 27:19 | 8 | 24 | |
| 7. | Dumbarton | 14 | 6 | 3 | 5 | 16:14 | 2 | 21 | |
| 8. | Peterhead | 14 | 5 | 4 | 5 | 16:14 | 2 | 19 | |
| 9. | Forfar Athletic | 14 | 4 | 3 | 7 | 17:22 | -5 | 15 | |
| 10. | Stranraer | 12 | 2 | 4 | 6 | 13:20 | -7 | 10 |