| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Albion Rovers | 18 | 12 | 2 | 4 | 34:15 | 19 | 38 | |
| 2. | Queen's Park | 18 | 7 | 6 | 5 | 24:21 | 3 | 27 | |
| 3. | Clyde | 18 | 7 | 4 | 7 | 18:23 | -5 | 25 | |
| 4. | Arbroath | 18 | 7 | 3 | 8 | 30:27 | 3 | 24 | |
| 5. | East Fife | 18 | 7 | 2 | 9 | 28:26 | 2 | 23 | |
| 6. | East Stirlingshire | 18 | 6 | 3 | 9 | 18:35 | -17 | 21 | |
| 7. | Elgin City | 18 | 5 | 5 | 8 | 27:29 | -2 | 20 | |
| 8. | Berwick | 18 | 6 | 2 | 10 | 30:34 | -4 | 20 | |
| 9. | Annan | 18 | 3 | 6 | 9 | 19:28 | -9 | 15 | |
| 10. | Montrose | 18 | 3 | 5 | 10 | 18:42 | -24 | 14 |