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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Montrose | 25 | 16 | 5 | 4 | 36:24 | 53 |
| 2 | Peterhead | 23 | 15 | 2 | 6 | 56:27 | 47 |
| 3 | Stirling Albion | 23 | 12 | 3 | 8 | 44:30 | 39 |
| 4 | Stenhousemuir | 23 | 11 | 5 | 7 | 39:28 | 38 |
| 5 | Elgin City | 23 | 11 | 3 | 9 | 38:40 | 36 |
| 6 | Annan Athletic | 24 | 8 | 8 | 8 | 29:23 | 32 |
| 7 | Clyde | 22 | 6 | 8 | 8 | 28:35 | 26 |
| 8 | Berwick Rangers | 23 | 7 | 3 | 13 | 19:42 | 24 |
| 9 | Edinburgh City | 23 | 5 | 4 | 14 | 20:37 | 19 |
| 10 | Cowdenbeath | 23 | 1 | 7 | 15 | 13:36 | 10 |