| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 16 | 38 | 6 | 0 | 1 | 20 | 6 | 6 | 2 | 1 | 16 | 9 | |||
| 2 | Cowdenbeath | 16 | 36 | 6 | 0 | 2 | 19 | 9 | 6 | 0 | 2 | 13 | 2 | |||
| 3 | 17 | 36 | 5 | 2 | 2 | 15 | 8 | 6 | 1 | 1 | 15 | 8 | ||||
| 4 | Queen's Park | 16 | 24 | 4 | 1 | 4 | 15 | 13 | 3 | 2 | 2 | 10 | 5 | |||
| 5 | East Fife | 16 | 23 | 4 | 2 | 2 | 12 | 12 | 3 | 0 | 5 | 10 | 15 | |||
| 6 | Arbroath | 17 | 19 | 5 | 1 | 2 | 18 | 9 | 0 | 3 | 6 | 8 | 19 | |||
| 7 | Montrose | 16 | 16 | 3 | 0 | 4 | 6 | 7 | 1 | 4 | 4 | 11 | 16 | |||
| 8 | Elgin City | 17 | 15 | 1 | 5 | 3 | 11 | 14 | 2 | 1 | 5 | 7 | 14 | |||
| 9 | Albion Rovers | 16 | 14 | 0 | 3 | 5 | 6 | 17 | 3 | 2 | 3 | 11 | 12 | |||
| 10 | 17 | 9 | 2 | 2 | 5 | 9 | 14 | 0 | 1 | 7 | 8 | 31 | ||||