| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 26 | 57 | 10 | 0 | 2 | 33 | 10 | 8 | 3 | 3 | 23 | 16 | |||
| 2 | 26 | 51 | 7 | 3 | 2 | 19 | 10 | 8 | 3 | 3 | 18 | 11 | ||||
| 3 | Cowdenbeath | 25 | 50 | 8 | 2 | 2 | 29 | 11 | 8 | 0 | 5 | 22 | 11 | |||
| 4 | Queen's Park | 25 | 39 | 6 | 3 | 5 | 21 | 16 | 5 | 3 | 3 | 13 | 12 | |||
| 5 | Elgin City | 26 | 36 | 4 | 5 | 5 | 20 | 24 | 6 | 1 | 5 | 14 | 16 | |||
| 6 | Arbroath | 25 | 35 | 8 | 1 | 3 | 27 | 14 | 2 | 4 | 7 | 14 | 21 | |||
| 7 | East Fife | 27 | 32 | 7 | 2 | 5 | 21 | 18 | 3 | 0 | 10 | 18 | 32 | |||
| 8 | Montrose | 27 | 23 | 4 | 3 | 6 | 11 | 13 | 1 | 5 | 8 | 12 | 25 | |||
| 9 | Albion Rovers | 25 | 22 | 2 | 3 | 8 | 15 | 26 | 3 | 4 | 5 | 15 | 18 | |||
| 10 | 26 | 18 | 4 | 2 | 7 | 11 | 20 | 1 | 1 | 11 | 13 | 45 | ||||