| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Peterhead | 18 | 33 | 6 | 2 | 1 | 22 | 9 | 4 | 1 | 4 | 18 | 14 | |||
| 2 | Albion Rovers | 18 | 33 | 3 | 3 | 3 | 12 | 15 | 7 | 0 | 2 | 16 | 7 | |||
| 3 | Greenock Morton | 18 | 32 | 6 | 2 | 1 | 25 | 9 | 3 | 3 | 3 | 16 | 14 | |||
| 4 | East Fife | 17 | 32 | 4 | 2 | 2 | 18 | 15 | 5 | 3 | 1 | 21 | 7 | |||
| 5 | Stirling Albion | 17 | 27 | 4 | 3 | 2 | 9 | 4 | 3 | 3 | 2 | 10 | 10 | |||
| 6 | 18 | 21 | 2 | 4 | 4 | 15 | 17 | 3 | 2 | 3 | 13 | 9 | ||||
| 7 | Queen's Park | 18 | 17 | 2 | 2 | 5 | 7 | 11 | 2 | 3 | 4 | 11 | 13 | |||
| 8 | Elgin City | 17 | 17 | 1 | 3 | 3 | 6 | 10 | 2 | 5 | 3 | 9 | 16 | |||
| 9 | Montrose | 17 | 15 | 2 | 2 | 4 | 7 | 17 | 1 | 4 | 4 | 9 | 17 | |||
| 10 | 16 | 8 | 0 | 3 | 6 | 6 | 24 | 1 | 2 | 4 | 8 | 20 | ||||