| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Brechin City | 36 | 73 | 12 | 4 | 2 | 38 | 14 | 10 | 3 | 5 | 29 | 24 | |||
| 2 | Dumbarton | 36 | 61 | 10 | 4 | 4 | 30 | 22 | 8 | 3 | 7 | 29 | 26 | |||
| 3 | Albion Rovers | 36 | 59 | 8 | 5 | 5 | 28 | 23 | 8 | 6 | 4 | 23 | 19 | |||
| 4 | Peterhead | 36 | 56 | 9 | 4 | 5 | 36 | 26 | 8 | 1 | 9 | 27 | 26 | |||
| 5 | Montrose | 36 | 55 | 9 | 2 | 7 | 25 | 20 | 7 | 5 | 6 | 18 | 19 | |||
| 6 | Elgin City | 36 | 47 | 9 | 3 | 6 | 26 | 20 | 4 | 5 | 9 | 19 | 27 | |||
| 7 | 36 | 40 | 8 | 1 | 9 | 27 | 27 | 4 | 3 | 11 | 24 | 31 | ||||
| 8 | East Fife | 36 | 40 | 6 | 4 | 8 | 23 | 26 | 5 | 3 | 10 | 16 | 30 | |||
| 9 | Stirling Albion | 36 | 37 | 6 | 4 | 8 | 23 | 29 | 3 | 6 | 9 | 22 | 39 | |||
| 10 | Queen's Park | 36 | 35 | 4 | 6 | 8 | 17 | 21 | 5 | 2 | 11 | 21 | 32 | |||