| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Montrose | 36 | 17 | 2 | 0 | 4 | 5 | 0 | 2 | 1 | 5 | 77 |
| 2. | Peterhead | 36 | 14 | 1 | 1 | 8 | 2 | 4 | 2 | 1 | 3 | 76 |
| 3. | Stirling | 36 | 10 | 3 | 1 | 5 | 3 | 7 | 1 | 1 | 5 | 55 |
| 4. | Stenhousemuir | 36 | 11 | 4 | 1 | 4 | 4 | 5 | 0 | 1 | 6 | 54 |
| 5. | Clyde | 36 | 8 | 0 | 1 | 6 | 7 | 6 | 0 | 2 | 6 | 51 |
| 6. | Elgin City | 36 | 9 | 3 | 1 | 4 | 3 | 3 | 1 | 1 | 11 | 49 |
| 7. | Annan | 36 | 6 | 1 | 1 | 6 | 5 | 5 | 0 | 5 | 7 | 47 |
| 8. | Berwick | 36 | 4 | 1 | 0 | 4 | 7 | 2 | 1 | 2 | 15 | 37 |
| 9. | Edinburgh City | 36 | 5 | 0 | 0 | 2 | 8 | 6 | 0 | 1 | 14 | 30 |
| 10. | Cowdenbeath | 36 | 3 | 2 | 1 | 1 | 6 | 6 | 0 | 2 | 15 | 22 |