| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | 28 | 74 | 14 | 0 | 0 | 52 | 9 | 10 | 2 | 2 | 43 | 17 | ||||
| 2 | Peterhead | 28 | 67 | 10 | 4 | 0 | 38 | 11 | 10 | 3 | 1 | 27 | 10 | |||
| 3 | Cowdenbeath | 26 | 36 | 5 | 2 | 5 | 14 | 27 | 5 | 4 | 5 | 24 | 23 | |||
| 4 | Queen's Park | 27 | 35 | 4 | 5 | 6 | 19 | 23 | 5 | 3 | 4 | 24 | 16 | |||
| 5 | Stenhousemuir | 26 | 33 | 5 | 5 | 4 | 28 | 20 | 3 | 4 | 5 | 16 | 17 | |||
| 6 | Montrose | 28 | 32 | 4 | 1 | 8 | 17 | 22 | 5 | 4 | 6 | 18 | 20 | |||
| 7 | Elgin City | 25 | 30 | 4 | 5 | 4 | 15 | 21 | 4 | 1 | 7 | 12 | 21 | |||
| 8 | East Fife | 26 | 27 | 6 | 3 | 5 | 13 | 14 | 1 | 3 | 8 | 10 | 27 | |||
| 9 | Albion Rovers | 27 | 23 | 2 | 4 | 7 | 16 | 29 | 3 | 4 | 7 | 13 | 28 | |||
| 10 | 27 | 13 | 1 | 3 | 8 | 9 | 25 | 1 | 4 | 10 | 14 | 42 | ||||