| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | 18 | 49 | 10 | 0 | 0 | 40 | 7 | 6 | 1 | 1 | 28 | 9 | ||||
| 2 | Peterhead | 18 | 47 | 8 | 2 | 0 | 30 | 8 | 7 | 0 | 1 | 15 | 5 | |||
| 3 | Cowdenbeath | 18 | 27 | 4 | 1 | 3 | 9 | 21 | 4 | 2 | 4 | 20 | 18 | |||
| 4 | Stenhousemuir | 18 | 23 | 4 | 3 | 3 | 23 | 13 | 2 | 2 | 4 | 12 | 14 | |||
| 5 | Queen's Park | 18 | 22 | 3 | 2 | 5 | 16 | 18 | 3 | 2 | 3 | 18 | 13 | |||
| 6 | Montrose | 17 | 22 | 3 | 1 | 3 | 10 | 10 | 3 | 3 | 4 | 11 | 11 | |||
| 7 | Elgin City | 17 | 20 | 3 | 1 | 4 | 8 | 15 | 3 | 1 | 5 | 8 | 16 | |||
| 8 | East Fife | 17 | 18 | 4 | 2 | 3 | 7 | 10 | 1 | 1 | 6 | 8 | 20 | |||
| 9 | Albion Rovers | 18 | 11 | 2 | 2 | 4 | 13 | 17 | 0 | 3 | 7 | 6 | 26 | |||
| 10 | 17 | 8 | 0 | 3 | 5 | 5 | 15 | 1 | 2 | 6 | 8 | 29 | ||||