| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | 34 | 92 | 17 | 0 | 0 | 69 | 10 | 13 | 2 | 2 | 55 | 19 | ||||
| 2 | Peterhead | 34 | 72 | 10 | 6 | 1 | 42 | 16 | 11 | 3 | 3 | 30 | 20 | |||
| 3 | Cowdenbeath | 34 | 47 | 7 | 4 | 6 | 23 | 32 | 6 | 4 | 7 | 29 | 28 | |||
| 4 | Queen's Park | 34 | 45 | 6 | 5 | 6 | 23 | 24 | 6 | 4 | 7 | 27 | 25 | |||
| 5 | Montrose | 34 | 45 | 7 | 1 | 9 | 25 | 27 | 6 | 5 | 6 | 19 | 20 | |||
| 6 | Stenhousemuir | 34 | 41 | 5 | 6 | 6 | 30 | 24 | 5 | 5 | 7 | 25 | 29 | |||
| 7 | Elgin City | 34 | 40 | 6 | 5 | 6 | 20 | 29 | 5 | 2 | 10 | 15 | 29 | |||
| 8 | East Fife | 34 | 36 | 7 | 3 | 7 | 16 | 18 | 3 | 3 | 11 | 21 | 35 | |||
| 9 | Albion Rovers | 34 | 33 | 3 | 4 | 10 | 20 | 41 | 5 | 5 | 7 | 19 | 31 | |||
| 10 | 34 | 22 | 4 | 3 | 10 | 16 | 34 | 1 | 4 | 12 | 15 | 48 | ||||