| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 28 | 61 | 11 | 1 | 2 | 34 | 10 | 8 | 3 | 3 | 23 | 16 | |||
| 2 | 29 | 57 | 8 | 3 | 3 | 21 | 12 | 9 | 3 | 3 | 21 | 12 | ||||
| 3 | Cowdenbeath | 26 | 50 | 8 | 2 | 2 | 29 | 11 | 8 | 0 | 6 | 22 | 12 | |||
| 4 | Queen's Park | 28 | 44 | 6 | 4 | 5 | 24 | 19 | 6 | 4 | 3 | 16 | 14 | |||
| 5 | Arbroath | 28 | 40 | 8 | 2 | 3 | 28 | 15 | 3 | 5 | 7 | 16 | 21 | |||
| 6 | Elgin City | 28 | 37 | 4 | 5 | 6 | 21 | 27 | 6 | 2 | 5 | 17 | 19 | |||
| 7 | East Fife | 28 | 35 | 8 | 2 | 5 | 22 | 18 | 3 | 0 | 10 | 18 | 32 | |||
| 8 | Montrose | 28 | 26 | 5 | 3 | 6 | 13 | 13 | 1 | 5 | 8 | 12 | 25 | |||
| 9 | Albion Rovers | 28 | 22 | 2 | 3 | 9 | 15 | 28 | 3 | 4 | 7 | 15 | 20 | |||
| 10 | 27 | 18 | 4 | 2 | 7 | 11 | 20 | 1 | 1 | 12 | 13 | 47 | ||||