| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | 26 | 68 | 14 | 0 | 0 | 52 | 9 | 8 | 2 | 2 | 38 | 17 | ||||
| 2 | Peterhead | 26 | 63 | 10 | 4 | 0 | 38 | 11 | 9 | 2 | 1 | 23 | 7 | |||
| 3 | Cowdenbeath | 25 | 36 | 5 | 2 | 4 | 14 | 26 | 5 | 4 | 5 | 24 | 23 | |||
| 4 | Queen's Park | 26 | 34 | 4 | 4 | 6 | 19 | 23 | 5 | 3 | 4 | 24 | 16 | |||
| 5 | Stenhousemuir | 24 | 31 | 5 | 5 | 4 | 28 | 20 | 3 | 2 | 5 | 15 | 16 | |||
| 6 | Montrose | 27 | 29 | 4 | 1 | 8 | 17 | 22 | 4 | 4 | 6 | 16 | 19 | |||
| 7 | Elgin City | 23 | 28 | 4 | 3 | 4 | 13 | 19 | 4 | 1 | 7 | 12 | 21 | |||
| 8 | East Fife | 25 | 27 | 6 | 3 | 4 | 12 | 12 | 1 | 3 | 8 | 10 | 27 | |||
| 9 | Albion Rovers | 25 | 22 | 2 | 3 | 6 | 14 | 26 | 3 | 4 | 7 | 13 | 28 | |||
| 10 | 25 | 12 | 1 | 3 | 7 | 9 | 21 | 1 | 3 | 10 | 14 | 42 | ||||