| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 24 | 54 | 10 | 0 | 1 | 32 | 8 | 7 | 3 | 3 | 21 | 15 | |||
| 2 | 24 | 45 | 6 | 3 | 2 | 18 | 10 | 7 | 3 | 3 | 17 | 11 | ||||
| 3 | Cowdenbeath | 23 | 44 | 7 | 2 | 2 | 23 | 11 | 7 | 0 | 5 | 18 | 11 | |||
| 4 | Queen's Park | 23 | 39 | 6 | 3 | 4 | 21 | 15 | 5 | 3 | 2 | 13 | 6 | |||
| 5 | Elgin City | 24 | 33 | 4 | 5 | 4 | 20 | 20 | 5 | 1 | 5 | 12 | 15 | |||
| 6 | Arbroath | 23 | 29 | 7 | 1 | 3 | 25 | 13 | 1 | 4 | 7 | 10 | 21 | |||
| 7 | East Fife | 25 | 29 | 6 | 2 | 5 | 17 | 18 | 3 | 0 | 9 | 17 | 30 | |||
| 8 | Montrose | 25 | 22 | 4 | 2 | 6 | 9 | 11 | 1 | 5 | 7 | 12 | 21 | |||
| 9 | Albion Rovers | 23 | 21 | 2 | 3 | 7 | 14 | 24 | 3 | 3 | 5 | 13 | 16 | |||
| 10 | 24 | 18 | 4 | 2 | 6 | 11 | 16 | 1 | 1 | 10 | 13 | 44 | ||||