| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 25 | 48 | 7 | 3 | 2 | 26 | 17 | 6 | 6 | 1 | 25 | 10 | |||
| 2 | Greenock Morton | 24 | 44 | 8 | 3 | 1 | 29 | 11 | 4 | 5 | 3 | 17 | 14 | |||
| 3 | Peterhead | 23 | 41 | 7 | 3 | 1 | 30 | 11 | 5 | 2 | 5 | 21 | 17 | |||
| 4 | Albion Rovers | 23 | 41 | 4 | 4 | 3 | 18 | 15 | 8 | 1 | 3 | 22 | 13 | |||
| 5 | Stirling Albion | 23 | 35 | 5 | 4 | 3 | 15 | 10 | 4 | 4 | 3 | 14 | 12 | |||
| 6 | 24 | 33 | 2 | 6 | 4 | 16 | 18 | 6 | 3 | 3 | 21 | 13 | ||||
| 7 | Queen's Park | 24 | 23 | 3 | 3 | 7 | 15 | 20 | 2 | 5 | 4 | 13 | 15 | |||
| 8 | Elgin City | 25 | 23 | 2 | 5 | 5 | 11 | 17 | 2 | 6 | 5 | 13 | 23 | |||
| 9 | Montrose | 24 | 21 | 3 | 4 | 6 | 11 | 22 | 1 | 5 | 5 | 10 | 20 | |||
| 10 | 25 | 12 | 0 | 4 | 8 | 9 | 29 | 2 | 2 | 9 | 14 | 43 | ||||