| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | 29 | 77 | 15 | 0 | 0 | 56 | 9 | 10 | 2 | 2 | 43 | 17 | ||||
| 2 | Peterhead | 29 | 67 | 10 | 4 | 1 | 40 | 14 | 10 | 3 | 1 | 27 | 10 | |||
| 3 | Cowdenbeath | 28 | 37 | 5 | 3 | 5 | 15 | 28 | 5 | 4 | 6 | 25 | 25 | |||
| 4 | Queen's Park | 28 | 35 | 4 | 5 | 6 | 19 | 23 | 5 | 3 | 5 | 24 | 20 | |||
| 5 | Montrose | 29 | 35 | 5 | 1 | 8 | 19 | 22 | 5 | 4 | 6 | 18 | 20 | |||
| 6 | Stenhousemuir | 28 | 33 | 5 | 5 | 5 | 29 | 22 | 3 | 4 | 6 | 18 | 20 | |||
| 7 | Elgin City | 27 | 31 | 4 | 5 | 4 | 15 | 21 | 4 | 2 | 8 | 13 | 24 | |||
| 8 | East Fife | 27 | 30 | 6 | 3 | 5 | 13 | 14 | 2 | 3 | 8 | 12 | 28 | |||
| 9 | Albion Rovers | 28 | 26 | 2 | 4 | 7 | 16 | 29 | 4 | 4 | 7 | 16 | 30 | |||
| 10 | 29 | 19 | 3 | 3 | 8 | 14 | 28 | 1 | 4 | 10 | 14 | 42 | ||||