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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Cove Rangers | 36 | 23 | 10 | 3 | 73:32 | 79 |
| 2 | Airdrie United | 36 | 21 | 9 | 6 | 68:37 | 72 |
| 3 | Montrose | 36 | 15 | 14 | 7 | 53:36 | 59 |
| 4 | Queen's Park | 36 | 11 | 18 | 7 | 51:36 | 51 |
| 5 | Alloa Athletic | 36 | 12 | 9 | 15 | 49:57 | 45 |
| 6 | Falkirk | 36 | 12 | 8 | 16 | 49:55 | 44 |
| 7 | Peterhead | 36 | 11 | 9 | 16 | 46:51 | 42 |
| 8 | Clyde | 36 | 9 | 12 | 15 | 39:62 | 39 |
| 9 | Dumbarton | 36 | 9 | 7 | 20 | 48:71 | 34 |
| 10 | East Fife | 36 | 5 | 8 | 23 | 31:70 | 23 |