| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Greenock Morton | 36 | 72 | 13 | 4 | 1 | 42 | 14 | 8 | 5 | 5 | 25 | 19 | |||
| 2 | East Fife | 36 | 71 | 10 | 4 | 4 | 35 | 22 | 10 | 7 | 1 | 38 | 15 | |||
| 3 | Albion Rovers | 36 | 70 | 9 | 6 | 3 | 31 | 20 | 11 | 4 | 3 | 31 | 16 | |||
| 4 | Peterhead | 36 | 68 | 13 | 4 | 1 | 49 | 15 | 7 | 4 | 7 | 27 | 22 | |||
| 5 | Stirling Albion | 36 | 56 | 9 | 4 | 5 | 24 | 16 | 6 | 7 | 5 | 26 | 28 | |||
| 6 | 36 | 45 | 4 | 8 | 6 | 26 | 27 | 7 | 4 | 7 | 24 | 23 | ||||
| 7 | Montrose | 36 | 33 | 4 | 5 | 9 | 17 | 31 | 3 | 7 | 8 | 18 | 30 | |||
| 8 | Queen's Park | 36 | 32 | 3 | 5 | 10 | 21 | 29 | 4 | 6 | 8 | 18 | 22 | |||
| 9 | Elgin City | 36 | 28 | 3 | 7 | 8 | 17 | 24 | 2 | 6 | 10 | 16 | 39 | |||
| 10 | 36 | 13 | 0 | 5 | 13 | 11 | 46 | 2 | 2 | 14 | 21 | 59 | ||||