| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Cove Rangers | 36 | 10 | 1 | 0 | 12 | 5 | 1 | 1 | 4 | 2 | 79 |
| 2. | Airdrieonians | 36 | 17 | 2 | 0 | 4 | 4 | 3 | 0 | 3 | 3 | 72 |
| 3. | Montrose | 36 | 9 | 0 | 0 | 5 | 12 | 1 | 1 | 2 | 6 | 59 |
| 4. | Queen's Park | 36 | 7 | 5 | 2 | 4 | 11 | 2 | 0 | 2 | 3 | 51 |
| 5. | Alloa | 36 | 6 | 3 | 0 | 6 | 5 | 8 | 0 | 1 | 7 | 45 |
| 6. | Falkirk | 36 | 7 | 1 | 0 | 4 | 5 | 3 | 1 | 2 | 13 | 44 |
| 7. | Peterhead | 36 | 8 | 2 | 0 | 2 | 6 | 7 | 1 | 1 | 9 | 42 |
| 8. | Clyde | 36 | 4 | 3 | 0 | 5 | 7 | 6 | 0 | 2 | 9 | 39 |
| 9. | Dumbarton | 36 | 4 | 1 | 0 | 5 | 4 | 7 | 0 | 2 | 13 | 34 |
| 10. | East Fife | 36 | 4 | 1 | 2 | 1 | 7 | 10 | 0 | 0 | 11 | 23 |