| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Brechin City | 35 | 70 | 11 | 4 | 2 | 36 | 13 | 10 | 3 | 5 | 29 | 24 | |||
| 2 | Dumbarton | 35 | 60 | 10 | 3 | 4 | 29 | 21 | 8 | 3 | 7 | 29 | 26 | |||
| 3 | Albion Rovers | 35 | 58 | 8 | 4 | 5 | 26 | 21 | 8 | 6 | 4 | 23 | 19 | |||
| 4 | Montrose | 35 | 55 | 9 | 2 | 7 | 25 | 20 | 7 | 5 | 5 | 17 | 16 | |||
| 5 | Peterhead | 35 | 53 | 8 | 4 | 5 | 33 | 25 | 8 | 1 | 9 | 27 | 26 | |||
| 6 | Elgin City | 35 | 46 | 9 | 3 | 6 | 26 | 20 | 4 | 4 | 9 | 17 | 25 | |||
| 7 | 35 | 40 | 8 | 1 | 8 | 26 | 25 | 4 | 3 | 11 | 24 | 31 | ||||
| 8 | East Fife | 35 | 37 | 6 | 4 | 8 | 23 | 26 | 4 | 3 | 10 | 14 | 29 | |||
| 9 | Stirling Albion | 35 | 37 | 6 | 4 | 8 | 23 | 29 | 3 | 6 | 8 | 21 | 37 | |||
| 10 | Queen's Park | 35 | 34 | 4 | 6 | 8 | 17 | 21 | 5 | 1 | 11 | 20 | 31 | |||