| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Brechin | 36 | 22 | 7 | 7 | 67:38 | 29 | 73 | |
| 2. | Dumbarton | 36 | 18 | 7 | 11 | 58:48 | 10 | 61 | |
| 3. | Albion Rovers | 36 | 16 | 11 | 9 | 51:42 | 9 | 59 | |
| 4. | Peterhead | 36 | 17 | 5 | 14 | 63:52 | 11 | 56 | |
| 5. | Montrose | 36 | 16 | 7 | 13 | 43:39 | 4 | 55 | |
| 6. | Elgin City | 36 | 13 | 8 | 15 | 45:46 | -1 | 47 | |
| 7. | East Stirlingshire | 36 | 12 | 4 | 20 | 51:58 | -7 | 40 | |
| 8. | East Fife | 36 | 11 | 7 | 18 | 39:56 | -17 | 40 | |
| 9. | Stirling | 36 | 9 | 10 | 17 | 45:68 | -23 | 37 | |
| 10. | Queen's Park | 36 | 9 | 8 | 19 | 38:53 | -15 | 35 |