| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Brechin City | 32 | 69 | 11 | 4 | 1 | 36 | 12 | 10 | 2 | 4 | 28 | 21 | |||
| 2 | Dumbarton | 31 | 51 | 8 | 3 | 4 | 24 | 21 | 7 | 3 | 6 | 28 | 25 | |||
| 3 | Peterhead | 31 | 50 | 7 | 4 | 4 | 28 | 22 | 8 | 1 | 7 | 27 | 22 | |||
| 4 | Albion Rovers | 32 | 49 | 7 | 4 | 5 | 24 | 20 | 6 | 6 | 4 | 18 | 19 | |||
| 5 | Montrose | 32 | 46 | 7 | 2 | 7 | 22 | 20 | 6 | 5 | 5 | 16 | 16 | |||
| 6 | Elgin City | 32 | 43 | 9 | 3 | 5 | 26 | 19 | 3 | 4 | 8 | 14 | 24 | |||
| 7 | East Fife | 31 | 36 | 6 | 3 | 8 | 22 | 25 | 4 | 3 | 7 | 12 | 23 | |||
| 8 | Stirling Albion | 32 | 36 | 6 | 4 | 7 | 23 | 26 | 3 | 5 | 7 | 20 | 32 | |||
| 9 | Queen's Park | 32 | 30 | 4 | 5 | 7 | 17 | 20 | 4 | 1 | 11 | 19 | 31 | |||
| 10 | 29 | 28 | 4 | 1 | 7 | 20 | 21 | 4 | 3 | 10 | 24 | 29 | ||||