| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Greenock Morton | 36 | 64 | +22 | 18 | 10 | 8 | 55 | 33 |
| 2 | Dumbarton | 36 | 60 | +22 | 17 | 9 | 10 | 57 | 35 |
| 3 | Stirling Albion | 36 | 58 | +11 | 17 | 7 | 12 | 54 | 43 |
| 4 | Stenhousemuir | 36 | 56 | +7 | 14 | 14 | 8 | 46 | 39 |
| 5 | 36 | 55 | +6 | 15 | 10 | 11 | 52 | 46 | |
| 6 | Clyde | 36 | 52 | +5 | 14 | 10 | 12 | 53 | 48 |
| 7 | Queen of the South | 36 | 44 | -5 | 11 | 11 | 14 | 46 | 51 |
| 8 | East Fife | 36 | 43 | -8 | 11 | 10 | 15 | 48 | 56 |
| 9 | Meadowbank Thistle | 36 | 35 | -18 | 11 | 5 | 20 | 37 | 55 |
| 10 | Brechin City | 36 | 24 | -42 | 6 | 6 | 24 | 23 | 65 |