| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Montrose | 34 | 73 | +23 | 22 | 7 | 5 | 57 | 34 |
| 1 | Arbroath | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | Forfar Athletic | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | Stirling Albion | 34 | 54 | +11 | 16 | 6 | 12 | 59 | 48 |
| 5 | Clyde | 34 | 48 | +1 | 13 | 9 | 12 | 48 | 47 |
| 6 | Elgin City | 34 | 48 | -6 | 14 | 6 | 14 | 53 | 59 |
| 7 | Annan Athletic | 34 | 41 | +4 | 10 | 11 | 13 | 44 | 40 |
| 8 | Edinburgh City | 34 | 30 | -22 | 7 | 9 | 18 | 35 | 57 |
| 9 | 32 | 29 | -30 | 7 | 8 | 17 | 26 | 56 | |
| 10 | Cowdenbeath | 34 | 22 | -30 | 4 | 10 | 20 | 23 | 53 |