| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 28 | 57 | 8 | 3 | 2 | 28 | 18 | 8 | 6 | 1 | 29 | 11 | |||
| 2 | Peterhead | 27 | 51 | 10 | 3 | 1 | 42 | 14 | 5 | 3 | 5 | 21 | 17 | |||
| 3 | Albion Rovers | 27 | 49 | 5 | 6 | 3 | 22 | 16 | 9 | 1 | 3 | 26 | 13 | |||
| 4 | Greenock Morton | 27 | 48 | 8 | 4 | 1 | 31 | 13 | 5 | 5 | 4 | 19 | 17 | |||
| 5 | Stirling Albion | 27 | 42 | 6 | 4 | 3 | 19 | 10 | 5 | 5 | 4 | 19 | 21 | |||
| 6 | 27 | 35 | 2 | 7 | 4 | 18 | 20 | 6 | 4 | 4 | 23 | 16 | ||||
| 7 | Queen's Park | 26 | 23 | 3 | 3 | 9 | 16 | 23 | 2 | 5 | 4 | 13 | 15 | |||
| 8 | Elgin City | 27 | 23 | 2 | 5 | 5 | 11 | 17 | 2 | 6 | 7 | 15 | 30 | |||
| 9 | Montrose | 27 | 22 | 3 | 4 | 7 | 11 | 24 | 1 | 6 | 6 | 12 | 25 | |||
| 10 | 27 | 12 | 0 | 4 | 10 | 10 | 36 | 2 | 2 | 9 | 14 | 43 | ||||