| Clubs | P | W | D | L | FA | Point | |
| 1 | Livingston | 24 | 17 | 3 | 4 | 47-18 | 54 |
| 2 | East Stirling | 25 | 15 | 2 | 8 | 33-28 | 47 |
| 3 | Forfar Athletic | 24 | 11 | 7 | 6 | 38-28 | 40 |
| 4 | Berwick | 25 | 11 | 4 | 10 | 36-35 | 37 |
| 5 | Queen's Park | 26 | 10 | 4 | 12 | 32-38 | 34 |
| 6 | Albion Rovers | 22 | 7 | 9 | 6 | 21-19 | 30 |
| 7 | Annan Athletic | 24 | 7 | 8 | 9 | 26-27 | 29 |
| 8 | Stranraer | 21 | 6 | 5 | 10 | 25-33 | 23 |
| 9 | Elgin City | 23 | 5 | 7 | 11 | 32-41 | 22 |
| 10 | Montrose | 24 | 2 | 7 | 15 | 18-41 | 13 |