| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Greenock Morton | 35 | 69 | 12 | 4 | 1 | 41 | 14 | 8 | 5 | 5 | 25 | 19 | |||
| 2 | Peterhead | 35 | 68 | 13 | 4 | 1 | 49 | 15 | 7 | 4 | 6 | 27 | 21 | |||
| 3 | East Fife | 35 | 68 | 9 | 4 | 4 | 34 | 22 | 10 | 7 | 1 | 38 | 15 | |||
| 4 | Albion Rovers | 35 | 67 | 8 | 6 | 3 | 28 | 19 | 11 | 4 | 3 | 31 | 16 | |||
| 5 | Stirling Albion | 35 | 55 | 9 | 4 | 5 | 24 | 16 | 6 | 6 | 5 | 24 | 26 | |||
| 6 | 35 | 42 | 4 | 8 | 6 | 26 | 27 | 6 | 4 | 7 | 23 | 23 | ||||
| 7 | Montrose | 35 | 33 | 4 | 5 | 8 | 17 | 30 | 3 | 7 | 8 | 18 | 30 | |||
| 8 | Queen's Park | 35 | 32 | 3 | 5 | 10 | 21 | 29 | 4 | 6 | 7 | 18 | 21 | |||
| 9 | Elgin City | 35 | 27 | 3 | 6 | 8 | 15 | 22 | 2 | 6 | 10 | 16 | 39 | |||
| 10 | 35 | 13 | 0 | 5 | 13 | 11 | 46 | 2 | 2 | 13 | 20 | 56 | ||||