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