| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Queen's Park | 36 | 69 | +17 | 20 | 9 | 7 | 54 | 37 |
| 2 | 36 | 66 | +23 | 19 | 9 | 8 | 53 | 30 | |
| 3 | Forfar Athletic | 36 | 61 | +24 | 17 | 10 | 9 | 64 | 40 |
| 4 | East Fife | 36 | 59 | +6 | 17 | 8 | 11 | 45 | 39 |
| 5 | Cowdenbeath | 36 | 54 | +16 | 15 | 9 | 12 | 59 | 43 |
| 6 | Dumbarton | 36 | 53 | +2 | 15 | 8 | 13 | 53 | 51 |
| 7 | 36 | 40 | -22 | 11 | 7 | 18 | 28 | 50 | |
| 8 | Brechin City | 36 | 38 | -9 | 10 | 8 | 18 | 42 | 51 |
| 9 | Montrose | 36 | 37 | -15 | 10 | 7 | 19 | 39 | 54 |
| 10 | Albion Rovers | 36 | 22 | -42 | 5 | 7 | 24 | 33 | 75 |