| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Peterhead | 34 | 67 | 13 | 3 | 1 | 49 | 15 | 7 | 4 | 6 | 27 | 21 | |||
| 2 | Greenock Morton | 34 | 66 | 12 | 4 | 1 | 41 | 14 | 7 | 5 | 5 | 22 | 19 | |||
| 3 | Albion Rovers | 34 | 66 | 8 | 6 | 3 | 28 | 19 | 11 | 3 | 3 | 31 | 16 | |||
| 4 | East Fife | 34 | 65 | 9 | 4 | 4 | 34 | 22 | 9 | 7 | 1 | 34 | 15 | |||
| 5 | Stirling Albion | 34 | 55 | 9 | 4 | 4 | 24 | 13 | 6 | 6 | 5 | 24 | 26 | |||
| 6 | 34 | 39 | 3 | 8 | 6 | 24 | 26 | 6 | 4 | 7 | 23 | 23 | ||||
| 7 | Montrose | 34 | 32 | 4 | 5 | 8 | 17 | 30 | 3 | 6 | 8 | 17 | 29 | |||
| 8 | Queen's Park | 34 | 31 | 3 | 4 | 10 | 20 | 28 | 4 | 6 | 7 | 18 | 21 | |||
| 9 | Elgin City | 34 | 27 | 3 | 6 | 8 | 15 | 22 | 2 | 6 | 9 | 15 | 37 | |||
| 10 | 34 | 13 | 0 | 5 | 12 | 11 | 42 | 2 | 2 | 13 | 20 | 56 | ||||