| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cove Rangers | 18 | 13 | 5 | 0 | 43:13 | 30 | 44 | |
| 2. | Airdrieonians | 18 | 12 | 3 | 3 | 36:21 | 15 | 39 | |
| 3. | Queen's Park | 18 | 8 | 8 | 2 | 29:15 | 14 | 32 | |
| 4. | Peterhead | 18 | 8 | 4 | 6 | 24:17 | 7 | 28 | |
| 5. | Montrose | 18 | 6 | 9 | 3 | 25:20 | 5 | 27 | |
| 6. | Clyde | 18 | 6 | 5 | 7 | 23:36 | -13 | 23 | |
| 7. | Alloa | 18 | 6 | 4 | 8 | 26:30 | -4 | 22 | |
| 8. | Falkirk | 18 | 5 | 3 | 10 | 23:31 | -8 | 18 | |
| 9. | East Fife | 18 | 4 | 5 | 9 | 17:26 | -9 | 17 | |
| 10. | Dumbarton | 18 | 3 | 6 | 9 | 21:31 | -10 | 15 |