| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Cove Rangers | 36 | 23 | 10 | 3 | 73:32 | 41 | 79 | |
| 2. | Airdrieonians | 36 | 21 | 9 | 6 | 68:37 | 31 | 72 | |
| 3. | Montrose | 36 | 15 | 14 | 7 | 53:36 | 17 | 59 | |
| 4. | Queen's Park | 36 | 11 | 18 | 7 | 51:36 | 15 | 51 | |
| 5. | Alloa | 36 | 12 | 9 | 15 | 49:57 | -8 | 45 | |
| 6. | Falkirk | 36 | 12 | 8 | 16 | 49:55 | -6 | 44 | |
| 7. | Peterhead | 36 | 11 | 9 | 16 | 46:51 | -5 | 42 | |
| 8. | Clyde | 36 | 9 | 12 | 15 | 39:62 | -23 | 39 | |
| 9. | Dumbarton | 36 | 9 | 7 | 20 | 48:71 | -23 | 34 | |
| 10. | East Fife | 36 | 5 | 8 | 23 | 31:70 | -39 | 23 |