| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 32 | 67 | 12 | 1 | 3 | 40 | 13 | 9 | 3 | 4 | 31 | 18 | |||
| 2 | 32 | 66 | 9 | 3 | 3 | 23 | 13 | 11 | 3 | 3 | 25 | 13 | ||||
| 3 | Cowdenbeath | 31 | 65 | 11 | 2 | 2 | 42 | 16 | 10 | 0 | 6 | 27 | 13 | |||
| 4 | Arbroath | 32 | 46 | 10 | 2 | 4 | 32 | 17 | 3 | 5 | 8 | 18 | 25 | |||
| 5 | Queen's Park | 32 | 46 | 6 | 5 | 5 | 25 | 20 | 6 | 5 | 5 | 16 | 16 | |||
| 6 | Elgin City | 32 | 46 | 5 | 5 | 6 | 24 | 27 | 8 | 2 | 6 | 23 | 25 | |||
| 7 | East Fife | 32 | 39 | 9 | 2 | 6 | 24 | 21 | 3 | 1 | 11 | 20 | 37 | |||
| 8 | Albion Rovers | 32 | 28 | 4 | 3 | 10 | 19 | 30 | 3 | 4 | 8 | 16 | 22 | |||
| 9 | Montrose | 32 | 26 | 5 | 3 | 8 | 14 | 18 | 1 | 5 | 10 | 13 | 33 | |||
| 10 | 31 | 19 | 4 | 3 | 8 | 11 | 27 | 1 | 1 | 14 | 13 | 52 | ||||