| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 29 | 61 | 11 | 1 | 2 | 34 | 10 | 8 | 3 | 4 | 24 | 18 | |||
| 2 | 30 | 60 | 8 | 3 | 3 | 21 | 12 | 10 | 3 | 3 | 23 | 12 | ||||
| 3 | Cowdenbeath | 27 | 53 | 8 | 2 | 2 | 29 | 11 | 9 | 0 | 6 | 25 | 12 | |||
| 4 | Queen's Park | 29 | 45 | 6 | 4 | 5 | 24 | 19 | 6 | 5 | 3 | 16 | 14 | |||
| 5 | Arbroath | 29 | 40 | 8 | 2 | 4 | 28 | 17 | 3 | 5 | 7 | 16 | 21 | |||
| 6 | Elgin City | 29 | 40 | 4 | 5 | 6 | 21 | 27 | 7 | 2 | 5 | 19 | 20 | |||
| 7 | East Fife | 29 | 38 | 9 | 2 | 5 | 24 | 19 | 3 | 0 | 10 | 18 | 32 | |||
| 8 | Montrose | 29 | 26 | 5 | 3 | 7 | 13 | 16 | 1 | 5 | 8 | 12 | 25 | |||
| 9 | Albion Rovers | 29 | 22 | 2 | 3 | 10 | 16 | 30 | 3 | 4 | 7 | 15 | 20 | |||
| 10 | 28 | 19 | 4 | 3 | 7 | 11 | 20 | 1 | 1 | 12 | 13 | 47 | ||||