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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Cove Rangers | 28 | 22 | 2 | 4 | 76:34 | 68 |
| 2 | Edinburgh City | 27 | 17 | 4 | 6 | 49:28 | 55 |
| 3 | Elgin City | 28 | 12 | 7 | 9 | 48:34 | 43 |
| 4 | Cowdenbeath | 27 | 12 | 5 | 10 | 37:35 | 41 |
| 5 | Queen's Park | 28 | 11 | 7 | 10 | 37:35 | 40 |
| 6 | Stirling Albion | 28 | 10 | 6 | 12 | 34:35 | 36 |
| 7 | Annan Athletic | 27 | 9 | 4 | 14 | 33:54 | 31 |
| 8 | Stenhousemuir | 28 | 7 | 8 | 13 | 32:48 | 29 |
| 9 | Albion Rovers | 26 | 6 | 6 | 14 | 37:51 | 24 |
| 10 | Brechin | 27 | 4 | 5 | 18 | 31:60 | 17 |