| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Peterhead | 18 | 8 | 1 | 1 | 4 | 1 | 2 | 1 | 0 | 0 | 41 |
| 2. | Montrose | 18 | 10 | 1 | 0 | 2 | 3 | 0 | 0 | 0 | 2 | 40 |
| 3. | Stirling | 18 | 4 | 1 | 1 | 3 | 2 | 4 | 1 | 0 | 2 | 27 |
| 4. | Stenhousemuir | 18 | 6 | 3 | 0 | 0 | 4 | 3 | 0 | 1 | 1 | 26 |
| 5. | Clyde | 18 | 5 | 0 | 1 | 2 | 2 | 3 | 0 | 1 | 4 | 24 |
| 6. | Annan | 18 | 3 | 1 | 0 | 3 | 1 | 4 | 0 | 1 | 5 | 21 |
| 7. | Berwick | 18 | 2 | 1 | 0 | 2 | 3 | 0 | 0 | 0 | 10 | 16 |
| 8. | Elgin City | 18 | 3 | 2 | 1 | 1 | 0 | 1 | 0 | 1 | 9 | 15 |
| 9. | Edinburgh City | 18 | 1 | 0 | 0 | 2 | 4 | 4 | 0 | 1 | 6 | 14 |
| 10. | Cowdenbeath | 18 | 1 | 1 | 1 | 0 | 5 | 4 | 0 | 1 | 5 | 10 |