| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cove Rangers | 18 | 10 | 5 | 3 | 30:19 | 11 | 35 | |
| 2. | Airdrieonians | 18 | 9 | 6 | 3 | 32:16 | 16 | 33 | |
| 3. | Montrose | 18 | 9 | 5 | 4 | 28:16 | 12 | 32 | |
| 4. | Falkirk | 18 | 7 | 5 | 6 | 26:24 | 2 | 26 | |
| 5. | Alloa | 18 | 6 | 5 | 7 | 23:27 | -4 | 23 | |
| 6. | Queen's Park | 18 | 3 | 10 | 5 | 22:21 | 1 | 19 | |
| 7. | Dumbarton | 18 | 6 | 1 | 11 | 27:40 | -13 | 19 | |
| 8. | Clyde | 18 | 3 | 7 | 8 | 16:26 | -10 | 16 | |
| 9. | Peterhead | 18 | 3 | 5 | 10 | 22:34 | -12 | 14 | |
| 10. | East Fife | 18 | 1 | 3 | 14 | 14:44 | -30 | 6 |