| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 27 | 54 | 8 | 3 | 2 | 28 | 18 | 7 | 6 | 1 | 27 | 11 | |||
| 2 | Peterhead | 25 | 47 | 9 | 3 | 1 | 39 | 12 | 5 | 2 | 5 | 21 | 17 | |||
| 3 | Albion Rovers | 25 | 47 | 5 | 4 | 3 | 21 | 15 | 9 | 1 | 3 | 26 | 13 | |||
| 4 | Greenock Morton | 25 | 44 | 8 | 3 | 1 | 29 | 11 | 4 | 5 | 4 | 18 | 17 | |||
| 5 | Stirling Albion | 25 | 38 | 6 | 4 | 3 | 19 | 10 | 4 | 4 | 4 | 14 | 18 | |||
| 6 | 26 | 34 | 2 | 7 | 4 | 18 | 20 | 6 | 3 | 4 | 22 | 15 | ||||
| 7 | Queen's Park | 25 | 23 | 3 | 3 | 8 | 16 | 22 | 2 | 5 | 4 | 13 | 15 | |||
| 8 | Elgin City | 26 | 23 | 2 | 5 | 5 | 11 | 17 | 2 | 6 | 6 | 13 | 27 | |||
| 9 | Montrose | 26 | 22 | 3 | 4 | 6 | 11 | 22 | 1 | 6 | 6 | 12 | 25 | |||
| 10 | 26 | 12 | 0 | 4 | 9 | 9 | 33 | 2 | 2 | 9 | 14 | 43 | ||||