| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | East Fife | 36 | 12 | 3 | 0 | 5 | 5 | 7 | 1 | 0 | 3 | 62 |
| 2. | Elgin City | 36 | 10 | 1 | 1 | 7 | 6 | 2 | 0 | 1 | 8 | 59 |
| 3. | Clyde | 36 | 12 | 2 | 1 | 4 | 3 | 5 | 1 | 1 | 7 | 57 |
| 4. | Queen's Park | 36 | 10 | 2 | 0 | 5 | 7 | 4 | 0 | 2 | 6 | 56 |
| 5. | Annan | 36 | 12 | 5 | 0 | 4 | 3 | 3 | 0 | 0 | 9 | 56 |
| 6. | Berwick | 36 | 8 | 1 | 1 | 5 | 5 | 5 | 1 | 1 | 9 | 49 |
| 7. | Stirling | 36 | 7 | 0 | 1 | 4 | 6 | 6 | 2 | 3 | 7 | 48 |
| 8. | Montrose | 36 | 7 | 1 | 0 | 3 | 5 | 5 | 1 | 4 | 10 | 43 |
| 9. | Arbroath | 36 | 5 | 0 | 1 | 4 | 3 | 4 | 2 | 3 | 14 | 39 |
| 10. | East Stirlingshire | 36 | 6 | 0 | 3 | 3 | 5 | 3 | 0 | 0 | 16 | 32 |