| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 25 | 54 | 10 | 0 | 2 | 33 | 10 | 7 | 3 | 3 | 21 | 15 | |||
| 2 | 25 | 48 | 7 | 3 | 2 | 19 | 10 | 7 | 3 | 3 | 17 | 11 | ||||
| 3 | Cowdenbeath | 24 | 47 | 8 | 2 | 2 | 29 | 11 | 7 | 0 | 5 | 18 | 11 | |||
| 4 | Queen's Park | 24 | 39 | 6 | 3 | 4 | 21 | 15 | 5 | 3 | 3 | 13 | 12 | |||
| 5 | Elgin City | 25 | 36 | 4 | 5 | 4 | 20 | 20 | 6 | 1 | 5 | 14 | 16 | |||
| 6 | Arbroath | 24 | 32 | 8 | 1 | 3 | 27 | 14 | 1 | 4 | 7 | 10 | 21 | |||
| 7 | East Fife | 26 | 29 | 6 | 2 | 5 | 17 | 18 | 3 | 0 | 10 | 18 | 32 | |||
| 8 | Montrose | 26 | 23 | 4 | 3 | 6 | 11 | 13 | 1 | 5 | 7 | 12 | 21 | |||
| 9 | Albion Rovers | 24 | 22 | 2 | 3 | 7 | 14 | 24 | 3 | 4 | 5 | 15 | 18 | |||
| 10 | 25 | 18 | 4 | 2 | 6 | 11 | 16 | 1 | 1 | 11 | 13 | 45 | ||||