| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Arbroath | 18 | 9 | 6 | 3 | 30:17 | 13 | 33 | |
| 2. | Airdrieonians | 18 | 8 | 2 | 8 | 29:25 | 4 | 26 | |
| 3. | East Fife | 18 | 7 | 4 | 7 | 24:25 | -1 | 25 | |
| 4. | Forfar Athletic | 18 | 7 | 3 | 8 | 24:29 | -5 | 24 | |
| 5. | Raith | 18 | 5 | 8 | 5 | 34:29 | 5 | 23 | |
| 6. | Montrose | 18 | 6 | 2 | 10 | 20:23 | -3 | 20 | |
| 7. | Stranraer | 18 | 5 | 5 | 8 | 21:29 | -8 | 20 | |
| 8. | Stenhousemuir | 18 | 5 | 3 | 10 | 17:32 | -15 | 18 | |
| 9. | Dumbarton | 18 | 4 | 5 | 9 | 27:34 | -7 | 17 | |
| 10. | Brechin | 18 | 4 | 3 | 11 | 21:33 | -12 | 15 |