| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Albion Rovers | 36 | 22 | 5 | 9 | 61:33 | 28 | 71 | |
| 2. | Queen's Park | 36 | 17 | 10 | 9 | 51:34 | 17 | 61 | |
| 3. | Arbroath | 36 | 16 | 8 | 12 | 65:46 | 19 | 56 | |
| 4. | East Fife | 36 | 15 | 8 | 13 | 56:48 | 8 | 53 | |
| 5. | Annan | 36 | 14 | 8 | 14 | 56:56 | 0 | 50 | |
| 6. | Clyde | 36 | 13 | 8 | 15 | 40:50 | -10 | 47 | |
| 7. | Elgin City | 36 | 12 | 9 | 15 | 55:58 | -3 | 45 | |
| 8. | Berwick | 36 | 11 | 10 | 15 | 60:57 | 3 | 43 | |
| 9. | East Stirlingshire | 36 | 13 | 4 | 19 | 40:66 | -26 | 43 | |
| 10. | Montrose | 36 | 9 | 6 | 21 | 42:78 | -36 | 33 |