| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Forfar Athletic | 18 | 5 | 0 | 1 | 6 | 2 | 0 | 1 | 1 | 2 | 39 |
| 2. | Raith | 18 | 8 | 1 | 0 | 2 | 2 | 1 | 1 | 1 | 2 | 37 |
| 3. | Arbroath | 18 | 2 | 2 | 0 | 7 | 2 | 0 | 2 | 0 | 3 | 37 |
| 4. | Montrose | 18 | 7 | 0 | 0 | 2 | 3 | 0 | 0 | 1 | 5 | 31 |
| 5. | Dumbarton | 18 | 5 | 1 | 0 | 2 | 1 | 1 | 1 | 3 | 4 | 29 |
| 6. | Airdrieonians | 18 | 3 | 2 | 1 | 2 | 1 | 4 | 1 | 1 | 3 | 22 |
| 7. | Stranraer | 18 | 5 | 1 | 1 | 1 | 2 | 3 | 0 | 1 | 4 | 22 |
| 8. | East Fife | 18 | 2 | 1 | 1 | 3 | 2 | 3 | 1 | 0 | 5 | 21 |
| 9. | Brechin | 18 | 1 | 2 | 0 | 2 | 3 | 4 | 2 | 1 | 3 | 21 |
| 10. | Stenhousemuir | 18 | 1 | 0 | 1 | 4 | 3 | 2 | 0 | 1 | 6 | 19 |