| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | East Fife | 36 | 88 | +53 | 28 | 4 | 4 | 77 | 24 |
| 2 | Stranraer | 36 | 65 | +22 | 19 | 8 | 9 | 65 | 43 |
| 3 | Montrose | 36 | 59 | +23 | 17 | 8 | 11 | 59 | 36 |
| 4 | Arbroath | 36 | 52 | +7 | 14 | 10 | 12 | 54 | 47 |
| 5 | Stenhousemuir | 36 | 48 | -9 | 13 | 9 | 14 | 50 | 59 |
| 6 | Elgin City | 36 | 47 | -12 | 13 | 8 | 15 | 56 | 68 |
| 7 | Albion Rovers | 36 | 37 | -17 | 9 | 10 | 17 | 51 | 68 |
| 8 | Dumbarton | 36 | 37 | -17 | 9 | 10 | 17 | 31 | 48 |
| 9 | 36 | 34 | -23 | 10 | 4 | 22 | 48 | 71 | |
| 10 | Forfar Athletic | 36 | 33 | -27 | 8 | 9 | 19 | 35 | 62 |