| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 30 | 64 | 11 | 1 | 2 | 34 | 10 | 9 | 3 | 4 | 31 | 18 | |||
| 2 | 30 | 60 | 8 | 3 | 3 | 21 | 12 | 10 | 3 | 3 | 23 | 12 | ||||
| 3 | Cowdenbeath | 28 | 56 | 9 | 2 | 2 | 33 | 12 | 9 | 0 | 6 | 25 | 12 | |||
| 4 | Queen's Park | 30 | 45 | 6 | 4 | 5 | 24 | 19 | 6 | 5 | 4 | 16 | 15 | |||
| 5 | Arbroath | 30 | 43 | 9 | 2 | 4 | 31 | 17 | 3 | 5 | 7 | 16 | 21 | |||
| 6 | Elgin City | 29 | 40 | 4 | 5 | 6 | 21 | 27 | 7 | 2 | 5 | 19 | 20 | |||
| 7 | East Fife | 30 | 38 | 9 | 2 | 5 | 24 | 19 | 3 | 0 | 11 | 19 | 36 | |||
| 8 | Montrose | 30 | 26 | 5 | 3 | 7 | 13 | 16 | 1 | 5 | 9 | 12 | 28 | |||
| 9 | Albion Rovers | 30 | 25 | 3 | 3 | 10 | 17 | 30 | 3 | 4 | 7 | 15 | 20 | |||
| 10 | 29 | 19 | 4 | 3 | 8 | 11 | 27 | 1 | 1 | 12 | 13 | 47 | ||||