| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 34 | 72 | 13 | 2 | 2 | 49 | 17 | 10 | 1 | 6 | 28 | 14 | |||
| 2 | 34 | 70 | 10 | 4 | 3 | 27 | 14 | 11 | 3 | 3 | 25 | 13 | ||||
| 3 | Stenhousemuir | 34 | 67 | 12 | 1 | 4 | 41 | 15 | 9 | 3 | 5 | 31 | 21 | |||
| 4 | Elgin City | 34 | 52 | 6 | 5 | 6 | 28 | 28 | 9 | 2 | 6 | 26 | 26 | |||
| 5 | Queen's Park | 34 | 50 | 6 | 6 | 5 | 27 | 22 | 7 | 5 | 5 | 18 | 17 | |||
| 6 | Arbroath | 34 | 49 | 11 | 2 | 4 | 33 | 17 | 3 | 5 | 9 | 19 | 29 | |||
| 7 | East Fife | 34 | 40 | 9 | 2 | 6 | 24 | 21 | 3 | 2 | 12 | 22 | 40 | |||
| 8 | Albion Rovers | 34 | 28 | 4 | 3 | 10 | 19 | 30 | 3 | 4 | 10 | 17 | 25 | |||
| 9 | Montrose | 34 | 27 | 5 | 3 | 9 | 15 | 21 | 1 | 6 | 10 | 15 | 35 | |||
| 10 | 34 | 23 | 5 | 4 | 8 | 14 | 29 | 1 | 1 | 15 | 13 | 57 | ||||