| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 21 | 40 | 5 | 3 | 2 | 21 | 16 | 6 | 4 | 1 | 24 | 9 | |||
| 2 | Greenock Morton | 20 | 38 | 8 | 2 | 1 | 28 | 10 | 3 | 3 | 3 | 16 | 14 | |||
| 3 | Albion Rovers | 20 | 36 | 4 | 3 | 3 | 18 | 15 | 7 | 0 | 3 | 17 | 9 | |||
| 4 | Peterhead | 21 | 35 | 6 | 3 | 1 | 24 | 11 | 4 | 2 | 5 | 19 | 16 | |||
| 5 | Stirling Albion | 20 | 34 | 5 | 4 | 2 | 12 | 6 | 4 | 3 | 2 | 13 | 10 | |||
| 6 | 21 | 28 | 2 | 5 | 4 | 16 | 18 | 5 | 2 | 3 | 17 | 10 | ||||
| 7 | Queen's Park | 22 | 21 | 3 | 2 | 7 | 14 | 19 | 2 | 4 | 4 | 12 | 14 | |||
| 8 | Elgin City | 21 | 20 | 2 | 3 | 5 | 9 | 15 | 2 | 5 | 4 | 11 | 19 | |||
| 9 | Montrose | 20 | 16 | 2 | 2 | 5 | 7 | 19 | 1 | 5 | 5 | 10 | 20 | |||
| 10 | 20 | 11 | 0 | 3 | 6 | 6 | 24 | 2 | 2 | 7 | 14 | 34 | ||||