| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 31 | 64 | 9 | 4 | 2 | 34 | 19 | 9 | 6 | 1 | 31 | 12 | |||
| 2 | Peterhead | 31 | 60 | 12 | 3 | 1 | 46 | 15 | 6 | 3 | 6 | 24 | 20 | |||
| 3 | Albion Rovers | 31 | 59 | 6 | 6 | 3 | 24 | 17 | 11 | 2 | 3 | 30 | 15 | |||
| 4 | Greenock Morton | 31 | 57 | 10 | 4 | 1 | 34 | 14 | 6 | 5 | 5 | 21 | 19 | |||
| 5 | Stirling Albion | 31 | 51 | 8 | 4 | 4 | 23 | 13 | 6 | 5 | 4 | 20 | 21 | |||
| 6 | 31 | 38 | 3 | 7 | 6 | 21 | 23 | 6 | 4 | 5 | 23 | 17 | ||||
| 7 | Queen's Park | 31 | 29 | 3 | 3 | 10 | 17 | 25 | 4 | 5 | 6 | 17 | 19 | |||
| 8 | Montrose | 31 | 28 | 3 | 4 | 8 | 11 | 25 | 3 | 6 | 7 | 17 | 26 | |||
| 9 | Elgin City | 31 | 23 | 2 | 5 | 8 | 12 | 22 | 2 | 6 | 8 | 15 | 35 | |||
| 10 | 31 | 12 | 0 | 4 | 12 | 10 | 41 | 2 | 2 | 11 | 16 | 48 | ||||