| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Arbroath | 36 | 20 | 10 | 6 | 63:38 | 25 | 70 | |
| 2. | Forfar Athletic | 36 | 19 | 6 | 11 | 54:47 | 7 | 63 | |
| 3. | Raith | 36 | 16 | 12 | 8 | 75:49 | 26 | 60 | |
| 4. | Montrose | 36 | 15 | 6 | 15 | 49:50 | -1 | 51 | |
| 5. | Airdrieonians | 36 | 14 | 6 | 16 | 51:44 | 7 | 48 | |
| 6. | Dumbarton | 36 | 12 | 10 | 14 | 60:60 | 0 | 46 | |
| 7. | East Fife | 36 | 13 | 7 | 16 | 49:56 | -7 | 46 | |
| 8. | Stranraer | 36 | 11 | 9 | 16 | 45:57 | -12 | 42 | |
| 9. | Stenhousemuir | 36 | 10 | 7 | 19 | 35:61 | -26 | 37 | |
| 10. | Brechin | 36 | 9 | 9 | 18 | 42:61 | -19 | 36 |